How Apple Pay Later Merchants Work for You

As a merchant, you can now offer Apple Pay Later to your customers, giving them the flexibility to pay for their purchases over time. Apple Pay Later is a financing option that allows customers to split their purchases into 4 interest-free payments.

With Apple Pay Later, customers can make purchases up to $1,000 and split the cost into 4 equal payments, due every 2 weeks. Merchants don't need to do anything extra to offer Apple Pay Later, as it's automatically available to customers who have the Apple Wallet app.

Apple Pay Later lets you break the cost of purchases into four equal payments spread over six weeks. This means you can buy what you need without breaking the bank.

With Apple Pay Later, you have two options when completing a purchase: Pay in Full and Pay Later. Selecting the latter option will bring up a payment schedule displaying the amount of each of the four payments and when they'll be due.

Over two million stores already accept Apple Pay, making it a convenient payment option. You can use Apple Pay at a wide range of merchants, including fast food places and quick service restaurants.

Some of the merchants that accept Apple Pay include Au Bon Pain, Baskin-Robbins, Chick-fil-A, and many more. Here's a list of some of the fast food places and quick service restaurants that accept Apple Pay:

Transactions occur as they did before, with the only difference being how back-end payments are made. Apple Pay Later will work with any merchants who accept Apple Pay.

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 should know in seconds if you’re approved, Apple said.

You can use Apple Pay Later to break the cost of purchases into four equal payments spread over six weeks. The first payment is due when you make your purchase, and the remaining payments are due every two weeks after that.

If you’re approved, you’ll see your four new payments and their due dates along with any other upcoming Apple Pay Later payments on your schedule. This allows you to have a good look at your commitments before you commit.

You can use autopay to make payments or choose to pay manually. Yes, you can even pay early on your Apple Pay Later commitments.

Payments for Apple Pay Later must be made with a debit card; you can’t use a credit card. This is a requirement for using Apple Pay Later.

Each BNPL purchase will be reviewed and approved or rejected using a soft credit check. This is how Apple Pay Later determines your eligibility for the service.

Apple Pay Later merchants can accept payments in installments, allowing customers to split purchases into 4 interest-free payments over 6 weeks.

This feature is available for in-person transactions, as well as online and in-app purchases.

To make a purchase with Apple Pay Later, you'll need to add items to your shopping cart and tap Check out with Apple Pay. Make sure your total purchase is between $50 and $1,000.

You'll then be given the option to pay in full or pay later. To use Apple Pay Later, choose the Pay Later tab to split your purchase into four installments.

You'll see how much money is due now and how much you'll pay over the next six weeks. Tap Continue, then choose Agree & Continue.

Confirm the debit card that will be used to pay off the loan. You can also choose whether or not to use Autopay here.

When prompted, double-tap the Side button to approve the payment. The transaction will then be processed, followed by a thank you message when it goes through.

Buy now, pay later loans are a type of financing that lets you make numerous interest-free payments for a charge. Breaking up payments can make a big purchase seem cheaper, which can tempt you to overspend.

Many online retailers provide BNPL loans at the moment of sale. It's a good idea to exercise caution when using these loans.

While BNPL loans can be convenient, it's essential to weigh all the costs.