A new Apple Pay Later service allows consumers to pay off purchases of under $1,000 in installments. No interest or fees are charged. And it’s not only for Apple products — the service can be used for any expensive item.
It begins rolling out on Tuesday with broad availability “in the coming months,” according to Apple.
Apple continues working on its long-rumored iPhone hardware subscription service despite hitting several roadblocks. The service was first rumored to launch in late 2022.
With a subscription service, Apple will allow customers to get the latest iPhone by paying a monthly fee. This would save them from shelling out the total device cost upfront.
Apple Pay Later reportedly has entered beta testing among Apple’s retail store employees, signaling that the “buy now, pay later” service is nearing public release.
The move comes months after Apple announced the financing option at its Worldwide Developers Conference last June.
Apple Pay is now handling over $6 trillion in transactions a year, according to new research. That means the iPhone’s wireless payment system is now bigger than MasterCard and Alipay.
Since its inception in 2014, analysts report that Apple Pay has slowly grown to the point where a large majority of iPhone users now have it activated.
Apple pledged Monday to donate $10 to the National Park Foundation (NPF) for many Apple Pay purchases. If you buy via Apple Pay on apple.com, in the Apple Store app or at a U.S. Apple Store through August 28, you’re helping national parks.
Cupertino said it’s a way to celebrate 106 years of the U.S. National Park Service. And you can also enjoy special content and collections on Apple Maps, Apple Podcasts and more.
Cupertino sent out a new summer-themed Apple Pay promotion Thursday with special deals on clothing, shoes, accessories and more. You can get up to 70% off items from GOAT and significant discount from a dozen other retailers. That means you can get the crazy-looking Yeezy 450 ‘Sulfur’ sneakers for $157 (regularly $200).
The discounts come from popular stores like Crocs, Ray-Ban, J.Crew, Lands’ End, Gymboree, Matt & Nat, The RealReal and others. Hit the links below.
The iPhone’s wireless payment system is more secure than credit cards, and Apple wants to make sure everyone knows it. That’s why the company created three short video ads to show off the advantages of Apple Pay.
Watch them now to learn more about the contactless payment system built into certain Apple devices.
Apple violates U.S. antitrust law by making sure Apple Pay is the only e-wallet way to tap to pay via an iPhone, iPad or Apple Watch, a new class-action lawsuit filed Monday alleges.
The complaint says Apple profits illegally to the tune of $1 billion a year or more by blocking competitors like Google Pay and Samsung Pay from offering tap-to-pay transactions on Apple devices.
After a mishap, I recently had to go on vacation without a credit card. I was ready with cash but it never mattered – to my surprise, wireless payments and Apple Pay let my iPhone make all the purchases I needed.
It’s clear we’re really not far away from physical credit cards becoming obsolete. That’ll be one less hassle in our lives.
As expected from previous actions and statements, the European Union formally objected Monday to how Apple denies other companies use of the technology that drives Apple Pay.
