Deferred Payment Program Policy

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Company Policy: Deferred Payments

Business Name: JLuxe Boutique

Effective Date: March 27, 2026

1. Program Overview  

The Deferred Payment Plan allows customers to purchase products by making an initial deposit followed by weekly installments. JLuxe Boutique will hold the item in safe-keeping until the balance is paid in full.

2. Deposit Requirements  

A non-refundable deposit is required at the time of purchase to initiate the agreement:

- Purchases under $1,000.00: A deposit of $150.00 is required.  

- Purchases over $1,000.00: A deposit of $300.00 is required.

3. Payment Schedule  

The remaining balance must be paid in equal weekly installments over a period of 7 consecutive weeks following the initial deposit as specified in the payment schedule.

4. Product Release & Ownership  

Safe-Keeping: JLuxe Boutique retains physical possession of the product during the payment period.  

Release: The product will be released to the customer only after the final payment has been processed and the balance is $0.00.

5. Default and Forfeiture  

Failure to complete payments within the allocated timeframe will result in the following:

- The customer forfeits the product to JLuxe Boutique.  

- The item will be returned to inventory for public sale.  

- All monies paid to date are non-refundable and will be forfeited by the customer under our no refunds policy.

6. Late Payments & Extensions  

If a customer is unable to make a scheduled weekly payment, they must email JLuxe Boutique to request a one-week deferment.  

Late Fee: A $50.00 fee will be applied to any deferred or late payment. Extensions are granted at the discretion of management and are limited to one week.

7. No Refunds or Exchanges  

Final Sale: All sales are final from the moment the initial deposit is made as per our no refunds policy.  

No Exchanges: Customers may not exchange their selected item for another product at any time during or after the payment period.  

No Cancellations: Customers may not stop payments or discontinue the agreement to request a return of funds.

8. Consignment Option  

If a customer wishes to sell an item purchased through this plan, they must enter into a separate Consignment Agreement. The customer will be charged the standard boutique commission percentage for the sale of the item, identical to any other consignor.

9. Agreement Execution  

A separate, signed contract is required for each individual product held under a Deferred Payment Plan.