Apple Pay Later leaves early access, starts rolling out to everyone

Apple started rolling out the buy now, pay later service to all US consumers on Tuesday, following the debut of Apple Pay Later in early access in March. Although an official announcement has not yet been made, Apple is advertising the feature on its homepage, according to 9to5Macnotes. The Apple Pay Later landing page provides additional information about the service.

Open the Wallet app on your iPhone or iPad, then hit the + button at the top of the screen to give it a try. You may initiate the setup procedure by tapping on the “Set Up Apple Pay Later” menu item that should appear.

Similar to comparable services, Apple Pay Later lets you divide a big purchase into four equal payments that you may pay off interest-free over the course of six weeks. According to Apple, millions of apps and websites that support Apple Pay also support Pay Later.

Any purchase made on an iPhone or iPad between $75 and $1,000 is eligible for Apple Pay Later. To assist make sure the user is in a decent financial situation, Apple says it will do a soft credit pull for each loan; however, this will not affect the user’s credit.

When it comes to financial management, there is no one-size-fits-all strategy. Jennifer Bailey, Apple’s vice president of Apple Pay and Apple Wallet, stated, “We’re excited to provide our users with Apple Pay Later because many people are looking for flexible payment options.” Because Apple Pay Later has no fees and no interest and can be used and controlled within Wallet, it helps customers make smart and informed borrowing decisions. This feature was created with our users’ financial health in mind.

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