Once Apple Pay Later is released, you'll have two options when completing a purchase: Pay in Full and Pay Later. The first payment will be due when you make your purchase, and the remaining payments are due every two weeks after that. Learn everything there is to know about Apple Pay Later, including how it will work, where it will be accepted and when it will be available.Īpple Pay Later will let you break the cost of purchases into four equal payments spread over six weeks. Most of these apps provide similar short-term interest-free payment plans, while a few offer longer installment plans with variable interest rates. Apple Pay lets you save debit and credit cards electronically and make purchases online or in brick-and-mortar stores Apple Card is a digital credit card issued by MasterCard and Goldman Sachs and Apple Cash is a peer-to-peer payment service.Īpple's entry into BNPL financing with Apple Pay Later comes at a time when many retailers are accepting payments from BNPL apps such as Affirm, Klarna and Afterpay. May not be available in all states."Īpple Pay is a feature within Apple Wallet, the iPhone's digital wallet app that also includes Apple Card and Apple Cash.
#PERSONAL FINANCE SOFTWARE REVIEW CNET UPDATE#
After the release of iOS 16, Apple updated its page explaining the features of the new operating system and added a footnote to Apple Pay Later: "Coming in a future update for qualifying applicants in the United States for purchases online and in apps on iPhone and iPad. Users have already identified the coolest features and the most annoying ones, but there's at least one major feature that hasn't landed on iPhones yet.Īpple Pay Later, Apple's entry into "buy now, pay later" (BNPL) services, was not included in the first release of iOS 16. Apple's latest mobile software - iOS 16 - was rolled out Monday for all compatible iPhones.