Apple surprised us yesterday with news of their next product reveal event. Now they’ve surprised us again with a new way to pay with Apple Pay. Apple has fully launched their “Pay Later” option in the United States.
With Apple Pay Later, you can split the cost of purchases between $75-$1000 into four equal payments. The payments are due every two weeks over six weeks. You won’t pay any interest fees on purchases you choose to pay over time.
Many other companies like Klarna, Affirm, and others offer similar pay-over-time options when you shop. Apple Pay Later joins them by making it easy for iPhone users. When checking out with Apple Pay, you’ll now see the “Pay Later” tab. Tap it to get approved and see your payment schedule.
Apple will send you reminders before each due date so you can plan your payments. Best of all, using Apple Pay Later won’t hurt your credit score at all. The option was softly launched earlier this year but is now fully available everywhere in the US.
Let me know if you try it out for your next iPhone purchase or a big shopping trip. You’d be able to access the ease of this new feature by downloading the latest iOS update.
