Apple pay later how to#
Apple pay later plus#

To set up Apple Pay Later in the Wallet app: After that, you will be able to apply for loans from the Wallet app and during checkouts. The first time you want to apply for a loan, you will need to add Apple Pay Later to the Wallet app and apply from there. You will also need a debit card - credit cards are not supported by Apple Pay Later - and an iPhone or iPad running the latest version of iOS or iPadOS. citizen or a legal resident with a valid U.S. Also, you need to be at least 18 years old and a U.S.

Apple pay later how to#

Who can use Apple Pay Later and how to apply?Īt the moment, only eligible users can use Apple Pay Later. You will pass a final credit approval at checkout. The amount will be valid for 30 days to make a purchase.

Once you are approved for the loan, which takes seconds, tap Done.

Apple pay later plus#

Enter the desired amount plus estimated shipping and taxes.

You can also apply for Apple Pay Later loans in the Wallet app.

Double-click the side button to confirm the payment.

Choose or add the debit card you want to pay your down payment with and follow the instructions on the screen.

Check the details for your payment plan and loan agreement and tap Agree & Continue.

Select Apple Pay as your payment method.

You can buy products with Apple Pay Later directly at checkout.

Which merchants accept Apple Pay Later, and how do you buy products?Īpple Pay Later can be used on websites that accept Apple Pay, but keep in mind that some merchants may not offer Apple Pay Later despite supporting Apple's payment service. When a user buys something through Apple Pay Later, the merchant receives a 16-digit card number generated by Goldman Sachs, showing that the purchase was made via Apple's new financial feature. So basically, you pay your loans not to a bank but to Apple itself.Īs for the technical part, Apple uses Mastercard's system to connect clients and merchants. Now comes the question: who lends the money for your Apple Pay purchases? Well, for its Apple Pay Later feature, the tech giant uses its own subsidiary called Apple Financing LLC to finance your spending habits. And the best thing is that there is no interest or fees and the approval takes seconds. The loans can be repaid in four equal installments over a period of six weeks. Apple Pay Later is not available to all users in the US, at least not at the moment.Īpple users can request Apple Pay Later loans ranging from $50 to $1,000, which can then be utilized for purchases from websites and stores that accept Apple Pay. On March 28th, 2023, Apple announced that it had started inviting randomly selected users to access a prerelease version of Apple Pay Later, with plans to make the service accessible to more people in the following months. When did Apple Pay Later become available? So if you don't live in the states where Apple Pay Later is available, you can't use Apple's new financial service. However, the company also says that 'your Apple Pay Later loan and payment history may be reported to credit bureaus and impact your credit.' So we guess you will need to be on point with your payments in order to have a spotless credit score.Īpple Pay Later is currently only available in the United States, excluding Hawaii, Nevada, New Mexico, Wisconsin, and the U.S. Also, Apple states that it doesn't share or sell its users' transactions and loan histories to third parties. The service needs confirmation through Face ID, Touch ID, or a passcode for making any transactions.

Apple Pay Later is completely safe to use.