Page 5 - Apple Financing News Today

Apple has announced the launch of Apple Pay Later, a buy now, pay later service with no interest and no fees.

The service will divide purchases into four payments, spread over six weeks, with no interest or fees. Users will be able to borrow up to $US1000 from Apple.

Apple has finally begun to roll out its new Apple Pay Later feature to a select group of users.

Apple has launched its new service, Apple Pay Later, in the US for a limited number of randomly selected iPhone and iPad users. The service is available for online and in-app purchases made with merchants that accept Apple Pay. Read more.

Apple will now begin giving out loans for big purchases; however, some rules and stipulations do apply.

This morning Apple introduced Apple Pay Later in the U.S. The new service is designed with users’ financial health in mind. Apple Pay Later allows users to split purchases into four payments, spread over six weeks with no interest and no fees.

Apple Pay has been around for years as a seamless way to pay for purchases on Apple devices from websites, apps, or physical stores. There’s now a feature for splitting any purchase across multiple payments: Apple Pay Later.

With Apple pushing into the lending business with a buy now/pay later service, the company is laying out rules for how it will approve transactions. One key factor: whether you've been a good customer in the past.

Apple Pay Later was first announced in last June and planned to be released last September as part of iOS 16.

Apple's upcoming Apple Pay Later feature has entered the next level of testing as the Cupertino tech giant expands the service to its retail employees.