July 24, 2024


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Apple launched Apple Pay Later to make purchases in installments

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Apple pay later

Apple new feature Apple pay later will allow you to make purchases and pay money in the installments via the Apple wallet app on iPhone and iPad. With the latest iOS 16.4 you can do so and for now this service is only available in the USA.

Pay Later was a feature that was previously anticipated to be available at the same time as iOS 16 after it was introduced at the Worldwide Developers Conference (WWDC) from the previous year (out in September 2022). Despite this, Apple stated in a later statement that the rollout was delayed because of technical difficulties.

How Apple pay later Looks?

Here’s an interface of Apple Pay Later. So those who would like to see how Apple pay later looks like then checkout the below given informational image:

Apple pay later user interface with due and upcoming payments

How Apple pay later Works

Pay Later enables users to make purchases ranging from $50 to $1,000, but the user must pay back the full amount in four equal payments spread out over a period of six weeks. There are no additional fees or interest charges associated with this payment plan.

A notification will be sent to the user by the service when it is time to make payment. User can check it and tap to make the payment via the credit or debit card. In case if payment gets failed then you might have to pay some extra charges which will vary depend on the company policies.

What about the Apple Pay Later Security?

It was created with security and privacy in mind. Face ID, Touch ID, or a passcode are used to authenticate Apple Pay Later purchases, and customers’ transaction and loan histories are never shared or sold to third parties for marketing or advertising purposes.

So you can use it anywhere anytime on your iPhone / iPad. And in case, if you find something suspicious then you can contact with the support team and resolve the issue.

Who is responsible for Apple Pay Later ?

It is provided by Apple Finance LLC, an Apple company responsible for credit evaluation and lending. Apple Finance plans to disclose Apple Pay Later loans to U.S. credit agencies beginning this fall, so they can be reflected in customers’ overall financial profiles and help promote responsible lending for both lenders and borrowers.

Final Words

Pay Later is a feature that may be found in the Apple Wallet app on iPhones (with iOS 16.4) and iPads (with iPadOS 16.4). However, at this time, it is only available in the United States and the firm has also stated that only a “randomly selected” number of users now have access to the Pay Later service. This means that not everyone will be able to utilize it just yet.

So that’s all about the Pay later services of Apple. Those who can’t make full payment they can use this service and pay the amount in installments and purchase the products. This seems like you are opting for the no cost EMI option to buy a product.

In addition to that, nothing has been disclosed by the what penalties will be charged of you miss the installment? So please cross check this while opting for the Pay later services!

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