Apple Pay Later, the new way to split payments

Just the last hours of Tuesday surprised users with the announcement of a new event by Apple. Exactly the next one October 30th it will be the turn of something new, obviously made in Cupertino.

Meanwhile, trying to identify what the main topic of the new presentation will be, comes a new announcement regarding the electronic payments sector. The famous American company has fully launched the new service Apple Pay Latercurrently available only in the United States.

All US users can head over to Apple’s website currently to understand more. The new electronic payments service allows some users to defer their payment in quattro rate. Each of the installments will be due every 14 days over six weeks, with no interest on transactions.

Apple Pay Later is born for purchases purchased in installments every 14 days

Here is the new “buy now and pay later” service. Apple Pay Later is an idea from the company that will be very interesting in the future. It presents itself as the main rival of services such as Klarna, Afterpay and many others.

This is a very useful payment plan when purchasing expensive items, such as electronics, clothing and much more. Apple will allow this feature to be applied to included purchases between $75 and $1000.

To use this new function you will need to use an iPhone or an iPad. At the time of payment, the user will have to choose Apple Pay, with a tab that will appear specifically to allow the opening of the Later service.

The giant has stated that everyone will be able to receive a memorandum before each payment, so you can plan ahead. Currently the service is available only in the United States, but an extension on a large global scale is expected. In order for this to work properly, it may be necessary to link a certain type of payment card.


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