Months after the staggering release, Apple is now widely rolling out it’s Pay Later service to everyone in the US who wants a flexible payment option.
Apple Pay Later will let users pay the whole sum in four transactions over six weeks, with no interest if paid on time. This service, too, like Apple’s other financial offerings, is backed by Goldman Sachs.
Apple Pay Later For Everyone
Besides preparing for the new MacBooks, Apple is also making significant moves ahead of it’s quarterly earnings announcement next week. We’ve seen the company hiking prices of some of it’s services in the US and now they’re rolling out Apple Pay to everyone.
On it’s official website, Apple is advertising the Pay Later service as available to everyone. Once activated, qualified buyers can break their purchase payments into four separate instalments, each due every 14 days over six weeks. There’s no interest if you’re paying on time.
Users can buy anything between $75 to $1,000 with Apple Pay Later, available at the checkout. Once you’re ready to pay, choose Apple Pay and you’ll be shown a new Pay Later tab for eligible transactions. Here, you can see a breakdown of the payment schedule and the corresponding payments.
Apple says these transactions do not affect users’ credit scores and they’ll be reminded of notifications before each payment to help them plan accordingly. The service was first announced in 2022 but soft-launched in March 2023 and after a staggering rollout, Apple finally made the Pay Later available to all iPhone and iPad users in the US. It’s unknown when this service will be available to users in other regions.
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