See you later, Apple Pay Later

[phillynews215]

Credit: Edgar Cervantes / Android Authority

• Apple Pay Later is shutting down starting today, June 17, 2024.
• Apple will replace this feature with support for installment loans from participating credit, debit cards, or Affirm.
• Whereas Apple Pay Later was only available in the US, this new solution will be available in multiple markets.

Have you been taking advantage of Apple Pay Later? It seems you wont be able to anymore. Apple discretely told 9to5Mac the news that its “buy now, pay later” feature will be phasing out starting today, June 17, 2024.

Apple Pay Later allowed users to get installment loans on purchases up to $1,000. These loans were issued directly by Apple. What made them interesting was that they required no hard inquiry on your credit report, only a soft pull. This means your credit score would not be affected by your credit application. Apple also charged no fees or interest, and the payments were divided into four equal installments throughout six weeks.




More...