After months of waiting, Apple has finally announced the availability of Apple Pay Later with a soft launch. Here's what you need to know.
After months of waiting, Apple has finally announced the availability of Apple Pay Later with a soft launch. The company announced in athat it has started inviting select users to access a prerelease version of Apple Pay Later, with plans to offer it to all eligible users in the coming months.
The service is available only in the US, and it’s designed with users’ financial health in mind. The service allows users to split purchases into four payments spread over six weeks with no interest and no fees. Users can easily track, manage, and repay their loans in one convenient location in Apple Wallet. Users can apply for service loans of $50 to $1,000, which can be used for online and in-app purchases made on iPhones and iPad with merchants that accept Apple Pay.
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