Apple Pay Later Now Available for All US iPhone Users—Should You Get Loans?

The Apple Pay Later program is now available for all to enjoy, and this is after more than seven months since it was made available in the early access. This Apple Pay feature is widely accessible for all in the United States, with the program allowing all iPhone users to take advantage of this.

Apple Pay Later is Now Available for US Customers

9to5 Mac reported that Apple Pay Later is now available in the United States, and note that this is for all customers, with the service moving away from its initial "early access" introduced last March. This is under Apple's plans to opt into the BNPL market (buy now, pay later), which allows users to purchase an item now and have a longer time to pay it in around six weeks.

Apple Pay Later would ask users to pay an initial fee upon purchase of the item, kind of like a downpayment to the service, and would be asked to pay every 14 days over the six-week payment period.

Moreover, this is under Apple Pay and is separate from the Apple Card which is Cupertino's version of the credit card, with this service being the more flexible payment plan.

Should You Get This Loan from Apple?

Apple Pay Later allows users to purchase items from $75 to $1,000 via the iPhone or iPad once enrolled, and it will tell them if their item is eligible for the service.

Users only need an iPhone or iPad, a valid US citizen with a physical address, a debit card, and a government ID for verification purposes. Apple Pay setup is required before access to this BNPL feature.

Getting Apple Pay Later is worth it because of Apple's zero-percent interest on the delayed payment service, with flexible rates and the Apple Pay app detailing the purchase and payables for transparency.

Apple Pay and its Features

Apple Pay is a unique service that allows users to tap into fintech via the smartphone, with the credit card service available to access for all users provided they have no alarms and have verified accounts. While its credit card started it all, Apple also debuted the Apple Pay Later service in 2022 via the WWDC of that year, introducing users to a "buy now, pay later" program.

Alongside this, there was also the introduction of the Apple Card Savings program which will allow users to keep their money here and see higher interest rates for them to earn while keeping their money. It became one popular service back then, as in its first four days, it already saw $1 billion in deposits, and it is still growing, with users opting into the service.

While things are allegedly shaky between Apple and Goldman Sachs, its partner for the fintech services present now, the famed Apple Pay and what it has to offer are still here for all to enjoy. Apple Pay Later is giving users a more flexible payment schedule to enjoy, allowing for more leeway and time to pay while getting their purchases earlier, now available for all US iPhone users to enjoy.