Apple Has Introduced Its New Payment Service, ‘Apply Pay Later’
It's a good day to be a bank account.
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Words by Amar Gera March 30, 2023

Images via Apple //

If there was ever an excuse to treat yourself…

If you’ve been eyeing that new iPhone Pro but haven’t wanted to break the bank, you’re in luck, as Apple have just rolled out a new feature called ‘Apple Pay Later’, and it’s actually pretty decent. Basically, it’s the tech giant’s own version of AfterPay lets you split your purchases into four payments to pay over six weeks, which is perfect if you’re ballin’ on a budget (or if you’re like me and are just perpetually broke). 

But before you start trying to cop literally Apple product imaginable through the service, there are a couple of catches. Firstly, the service is only valid for iPhones or iPads (although we doubt MacBooks are that far off) and the price range is between $50 to $1,000. So, you’ll still have to shell up a bit of money upfront while using the service, which in a way is kind of a good thing, as it won’t become anywhere near as easy to abuse as AfterPay. Secondly, you can only use a debit card to repay the loans, which will definitely get a bit confusing if you’ve got credit or business cards a well. Thankfully, you can keep track of it all with the Apple Wallet and Pay apps. 

Speaking on the new service, Apple’s vice president of Apple Pay and Apple Wallet, Jennifer Bailey, said, “There’s no one-size-fits-all approach when it comes to how people manage their finances. Many people are looking for flexible payment options, which is why we’re excited to provide our users with Apple Pay Later. It can be used and managed within Wallet, making it easier for consumers to make informed and responsible borrowing decisions.”

Moral of the story: if you’re like me and have been carrying around a half-broken and outdated iPhone for the past couple of years, your time to graduate smartphones has finally come…

 

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