Pay-over-time promotions have been popular for close to a century since the 1930’s, when many retailers offered consumers Layaway promotions on high-ticked items. The premise was that a consumer would put a deposit on a particular high-ticket item and pay for it over time until the item was completely paid for. One advantage to this practice is that no interest is normally charged to the buyer. However, the major disadvantage is that item does not become property of the purchaser until it is completely paid for. Popular online retailer WorldofWatches.com has taken these two factors into consideration and periodically offers…