Apple Pay Later Everything You Need to Know

Apple Pay Later is a new service that allows you to split purchases into four payments over six weeks.

You can use Apple Pay Later to buy anything from $50 to $1,000.

To be eligible for Apple Pay Later, you need to have an iPhone 8 or later, an iPad Pro or later, and an Apple Watch Series 3 or later.

Apple Pay Later is not available in all countries.

To apply for an Apple Pay Later loan, tap the Pay Later banner in the Wallet app. If you don’t see it, tap the plus (+) icon at the top.

You can apply for an Apple Pay Later loan to purchase items online or in apps using your iPhone or iPad. This feature is only available with Apple Pay online and in apps, not in-store.

To get started, tap Set Up Apple Pay Later under Available cards. The first time you do this, Apple will show you several screens on how the feature works. Tap Apply Now > Continue.

You can borrow between $50 and $1,000, and Apple will display the details of the payment plan, including how much is due at purchase and how much is due at each of the subsequent intervals.

To apply, you'll need to enter your name, date of birth, phone number, and address, then confirm the information to run a credit check. Apple promises that the check will have no impact to your credit.

If your credit history is solid, you’ll receive a message that you’ve been approved for the amount you entered.

To use Apple Pay Later, select Apple Pay at checkout when shopping online or in apps, then tap the Pay Later tab to start an application for the purchase.

You'll know in seconds if you're approved, and if so, you'll see your four new payments and their due dates on your schedule.

To make payments, you can use autopay or choose to pay manually – and yes, you can pay early on your Apple Pay Later commitments.

The total purchase amount must be between $50 and $1,000 to use Apple Pay Later.

You can split up a big purchase across four smaller payments using Apple Pay Later, with payments expected every two weeks.

There's no interest – you pay the exact same amount of money as if you were purchasing at once, making it easy to use and transparent.

To confirm the debit card that will be used to pay off the loan, you can choose whether or not to use Autopay here.

The transaction will be processed, followed by a thank you message when it goes through.

Apple Pay Later lets you make purchases without paying the full amount upfront. You can finance a purchase and pay it back in fixed installments over time.

To use Apple Pay Later, you'll need a supported debit or credit card from a bank or installment provider. Some banks and providers may require you to complete an application, which is subject to eligibility and approval.

You'll see a Pay Later hint below your card when you check out with Apple Pay online and in apps. This is a sign that your card supports installments.

Apple Pay Later is a service provided by Apple Payments Services LLC, a subsidiary of Apple Inc. Apple is not a bank, so any card used in Apple Pay is offered by the card issuer.

Apple Pay Later is now available to all iPhone users in the US. This marks a significant expansion of the service, which was previously limited to a select group of consumers.

To use Apple Pay Later, you'll need to meet certain requirements. First and foremost, you must be 18 years of age or older. This is a straightforward requirement, but it's essential to ensure that you're eligible for the service.

You'll also need to have a debit card linked in the Apple Wallet app, as credit cards are not accepted. This includes the Apple Card, which is Apple's own credit card. If you're unsure about linking a debit card, you can check your Apple Wallet app to see if you have one already set up.

In addition to these requirements, you'll need to have a valid physical US address and be a US citizen or lawful resident. This ensures that you're eligible to use the service in the US.

To ensure your security, you'll need to have two-factor authentication set up for your Apple ID. This is a crucial step in protecting your account and preventing unauthorized access.

You'll also need to be running iOS 16.4 or iPadOS 16.4 or above to use Apple Pay Later. If your device is not up to date, you can check for updates in the Settings app.

In some cases, you may be asked to verify your identity with a driver's license or state-issued photo ID. This is a one-time process, and it's necessary to ensure that you're who you say you are.

Here are the requirements to use Apple Pay Later:

You can view the status of your Apple Pay Later loan by opening the Wallet app and tapping the Pay Later card.

This will show you the total payments due and how much is due in the next 30 days.

The Upcoming Payments section displays the name of the merchant for your current payment plan, and tapping on it shows the total paid and remaining amount.

You can also see the total cost of the purchase and loan by selecting Total Cost.

If you tap Autopay, you can view the details of your debit card and turn off Autopay if you prefer to pay off each amount manually.

To make changes to your order, you can do so in the same way as you would for other card purchases made using Apple Pay.

If you have any questions about order adjustments, returns, or refunds, contact your card issuer.

If you don't see pay later options, please contact the card issuer for more support.

To avoid paying off your loan early, you may need to adjust how you pay your card's bill, depending on your card issuer's requirements.

For example, your entire loan may be reflected in the statement balance of your card, and paying your statement balance would pay off your entire loan early.