How to Apply for Apple Pay Later – here is everything we know about the new service

How to Apply for Apple Pay Later – Apple Pay Later is a new payment feature from Apple that allows users to make purchases and pay for them later in installments. With Apple Pay Later, users can choose to pay for their purchases in four interest-free installments or a fixed monthly payment with interest. This feature is integrated into the Apple Wallet app, and users can apply for it directly from their iPhone or iPad. To use Apple Pay Later, users must have an eligible credit or debit card linked to their Apple Wallet and be running iOS 15.3 or later. Apple Pay Later aims to provide users with greater flexibility and convenience when making purchases, as well as an alternative to traditional credit options.

What is Apple Pay Later?

Apple Pay Later is a new payment feature from Apple that allows users to make purchases and pay for them later in installments. With Apple Pay Later, users can choose to pay for their purchases in four interest-free installments or a fixed monthly payment with interest. This feature is integrated into the Apple Wallet app, and users can apply for it directly from their iPhone or iPad. To use Apple Pay Later, users must have an eligible credit or debit card linked to their Apple Wallet and be running iOS 15.3 or later. Apple Pay Later aims to provide users with greater flexibility and convenience when making purchases, as well as an alternative to traditional credit options.

How to Apply for Apple Pay Later?

Apple Pay Later is a new payment feature that allows users to make purchases and pay later in installments. Here are the steps to set up Apple Pay Later:

1. Make sure your device is running on iOS 15.3 or later and that you have an eligible credit or debit card linked to your Apple Wallet.
2. Open the Wallet app on your iPhone or iPad.
3. Tap on the “Apple Pay Later” option in the Wallet app.
4. Follow the prompts to apply for Apple Pay Later.
5. Once you are approved, you will see your available balance and terms of payment.
6. When you make a purchase with Apple Pay, select the “Pay Later” option at checkout.
7. Choose your payment plan, either in four interest-free installments or a fixed monthly payment with interest.
8. Confirm your payment plan and complete your purchase.

You can use Apple Pay Later at participating online and in-app merchants that accept Apple Pay. 

Apple Pay Later is available for purchases between $50 and $1,000 made on iPhone and iPad devices that support Apple Pay. There’s no impact to your credit when you apply for an Apple Pay Later loan, and you’ll know if you’re approved in seconds.³