Copyright Emerce

Apple is finally making Apple Pay Later in the U.S., allowing users to pay for purchases in installments. For now, the service is only available to select users.

Apple announced Apple Pay Later back in September 2022, when it planned to launch it with iOS 16. However, technical problems delayed the launch.

Apple Pay Later allows customers to pay for purchases in four installments spread over six weeks, with no interest or additional fees. Up to $1,000 can be borrowed from iPad and iPhone vendors that support Apple Pay. They can manage their transactions from the Apple Wallet app.

All purchases made through Apple Pay Later are authenticated using Face ID, access codes or Touch ID. Payment history can be shared with credit bureaus.

Apple Pay Later is unlikely to be rolled out outside the U.S. anytime soon.

© The Content Exchange, source News