Toys R Us is launching a new payment programme to help parents make Christmas more easily affordable.
Yuletide is only 16 weeks away and some parents will already be scouring the shelves for that special gift for their young ones.
However, it is a time when the worry caused by financial pressure can take the shine off festivities. With this in mind, Toys R Us has rebooted its Take Time to Pay scheme.
The programme allows parents to buy the toys they want for their children’s Christmas gifts by spreading out the cost over several months. Significantly, the store does not charge interest for the service although there is an administration fee.
Gifts remain in storage at the shop so there is no chance of children finding them.
It was a success when it was first launched in 2015 and so will be returning this year to all Toys R Us stores across the country, including those at Intu Derby and the Wyvern retail park.
In the scheme, which applies to Toys R Us and Babies R Us items, customers choose the items that they want in store, and take them to the till.
They are then required to pay 20% of the price as a deposit and a £5 administration fee when buying their items to reserve them.
Customers then get a choice of how long they need to pay the cost. Shoppers will get the option of four, eight or 12 weeks to pay it, with payments made every month or more frequently if you prefer.
After agreeing the next date for payment, the toys are reserved for them and kept safe.
At the end of the payment period, customers can return to the store to pick up their items.
There will be no interest on any of the items that customers can reserve for this scheme and no credit check is required.
Mike Coogan, Toys R Us marketing and eCommerce director, said: “Take Time to Pay is a great programme and our customers have showed us they love it.
“As well as allowing families to spread the cost of what can be a very expensive time of year, we are amused at the fact that parents find it a great way to hide away Christmas presents from kids who go hunting in every cupboard before the big day.
“It’s a win-win service that we are very proud of.”[“Source-derbytelegraph”]