iPhone and iPad Users in the U.S. can borrow up to $1,000 from Apple

Pappi Hex

Apple Pay Later

Apple is extending the availability of Pay Later to all users across the United States. Initially introduced in June 2022, Pay Later, a "buy now, pay later" service, is now prominently featured in the Apple Wallet and on Apple's official homepage.

This service allows users to make a purchase and then pay for it in four installments over six weeks, with no interest or late fees. Although it was initially launched on select iPhones and iPads in March, it is now accessible to a wider user base. Pay Later can be utilized for purchases ranging from $75 to $1,000.

Recent observations by MacRumors revealed that Apple had removed the reference to a "prerelease version" from Pay Later's support documents. This suggests that Apple was approaching the full-fledged release of the service. Additionally, Apple has incorporated references to Pay Later in its Wallet description on the App Store, a detail not present earlier this month (as evident from an archived page)

Also Read: New Walmart Discount Will Save You $1,000 for iPhone 15 purchase

Despite Apple's claim that Pay Later prioritizes users' financial well-being, some consumer safety concerns persist. A recent survey by Morning Consult indicated that 41 percent of users carry debt from "buy now, pay later" services like Affirm, Klarna, and AfterPay, with a quarter of them missing a payment in August 2023.

How To Setup Apple Paylater on your iPhone or iPad

Apple Pay Later can be configured within Apple Wallet or during the checkout process for online or in-app purchases. The first time you employ this service, Apple will request basic information. After providing this data to Apple, there's no need to repeat the process, although updates can be made when necessary.

1. To set up Apple Pay Later in Apple Wallet, open the app, tap the "+" icon in the top right corner

2. Select "Set Up Apple Pay Later" and then follow the on-screen instructions.

How to setup Apple Paylater
3. Alternatively, when making a purchase, choose Apple Pay at checkout, select the Pay Later option, and proceed with the on-screen prompts.

How To Enable Apple Paylater for online and in-app Transactions

To ensure the Apple Pay Later option is visible when using Apple Pay for online or in-app transactions on your iPhone or iPad, you must enable the feature.

1.  Navigate to Settings and then Wallet & Apple Pay

2. Enable the "Show Apple Pay Later Option" toggle.

To utilize Apple Pay Later, remember to enable this setting within the Wallet & Apple Pay menu.

3. Once you've taken out an Apple Pay Later loan, you can conveniently monitor your loan status and view payment due dates on a calendar. You'll also receive notifications in your Wallet and via email to remind you of upcoming payments.

Please note that to repay an Apple Pay Later loan, a debit card linked to the Apple Wallet app must be used. Apple does not permit the use of a credit card for repaying Apple Pay Later, as it would involve using debt to settle debt, which is considered financially irresponsible.


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