Apple Launch Buy Now Pay Later

“There’s no one-size-fits-all approach when it comes to how people manage their finances. Many people are looking for flexible payment options, which is why we’re excited to provide our users with Apple Pay Later,” said Jennifer Bailey.

What is Apple Pay Later:

The Giant of our US apple launch a new program named Apple Buy Now Pay Later. This service is launched by Apple Inc. company's subsidiary company Apple Financing LLC. This program will help user's to buy now and pay later as its name suggest.

Apple BNPL Advantages:

Apple Buy Now Pay Later progran will allow users to pay overtime for their purchases. This will split the purchase amount in four payments spread over six weeks and there is no applicable fee or charge for now. Users can easily track, manage and pay their loans at one palace via Apple wallet. Users can apply for $50 to $1000 Apple Pay Later loans, which can be used for in-app purchases and the merchant who accept Apple Pay later. 

User's Financial Health:

Apple Pay Later is designed with user's financial health in mind. Apple Financing will report to U.S. credit bureaus. So they can get the user's overall financing profile which will help the lender and borrower to create a mutual contract where both can be satisfied. This will create a soft pull toward user's credit score there's nothing to worry about.

Who Can Use Apple Pay Later:

Apple Pay Later is currently only for the U.S. it is not launched outside the U.S. By announcing this programme Apple also informed that for the beginning it will be available for selected users for a short span of time later on it will be available for everyone in the U.S. As of now Apple doesn't announce about the rest of the world.

Apple Pay Later For Merchants:

Apple Pay Later is enabled throughr mastarcard instalment program so merchants do not have to implement anything extra to accept Apple Pay Later for their customers.