Apple Pay Later Rolls Out to iPhone Users

By Danny Peterson

April 29, 2023

Buy now, pay later feature splits payments into 4.

No interest or fees with qualifying purchases.

Early access banner shows up for select users.

Invitation cannot be forced, but no credit impact.

Loan up to $1,000 are available.

Wallet app allows for loan management and tracking.

Payment reminders through email and app.

Only U.S. residents 18 or older can apply.

Repayment with a debit card, no credit cards allowed.

Apple Financing LLC handles lending.

Based on the Mastercard Installments program.

Merchants who accept Apple Pay don't need to do anything.

Feature expected to be offered to all eligible users soon.