Wednesday, March 29, 2023

Apple Pay Later

Apple (Hacker News):

Apple Pay Later 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 Apple Pay Later loans in one convenient location in Apple Wallet. Users can apply for Apple Pay Later loans of $50 to $1,000, which can be used for online and in-app purchases made on iPhone and iPad with merchants that accept Apple Pay. Starting today, Apple will begin 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.

John Gruber:

Apple Pay Later is only available for online purchases — either on the web or in iOS apps. I guess that makes sense — competing services like Affirm, Klarma, and Afterpay are only available for e-commerce transactions too (I think?). I just never before thought of online Apple Pay being different from brick-and-mortar retail Apple Pay.


Update (2024-06-18): Chance Miller (via Benjamin Mayo, MacRumors):

Apple has announced that it is no longer offering Apple Pay Later, the “buy now, pay later” service that launched in the United States last year.

Perhaps it makes less sense for Apple with interest rates higher and seemingly for longer.

John Gruber:

This always seemed like a weird offering from Apple.

1 Comment RSS · Twitter · Mastodon

Klarna has a credit card that works anywhere that accepts credit cards.

Or is that only in Europe?

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