We have sold three items via Lay-By in the newsagency over the last five days – with a total sale value of over $800. That we offer Lay-By makes selling more expensive items easier.
The Lay-By facility enables the shopper to see a $500 item as $50 a week rather than $500 paid at once. This makes the product accessible to more shoppers.
I expect any newsagency software would have a Lay-By facility through which you can properly manage the process and meet your legal obligations.
FYI: we leave the items in the cabinet with a SOLD tag. This helps us get more value from the item until it’s paid for.