Apple launches new “pay later” option for its consumers

Apple, a company that has been at the forefront of innovation and technology, has recently launched a new feature that allows its customers to use a “Pay Later” option for Apple Pay purchases. This new feature is expected to be particularly useful for consumers who want to make purchases but may not have the funds to do so at the time of the transaction.

With this new feature, customers can choose the “Pay Later” option when checking out with Apple Pay in participating online and physical stores. This option allows customers to split their payment into four interest-free payments, which are made every two weeks.

This new feature has already been rolled out to many consumers across the United States, with plans to expand to additional markets in the coming months. In addition to being useful for consumers, this feature is also expected to be beneficial to merchants, who will be able to offer more flexible payment options to their customers.

To use this feature, customers must have an Apple Card – Apple’s credit card – and must be able to qualify for the feature. For those who meet these requirements, the process is simple and straightforward, allowing consumers to purchase the items that they need without worrying about immediate payment.

Overall, this new Pay Later option for Apple Pay purchases is expected to be a game-changer for many consumers who require more flexibility in their payment options. With the ability to split payments into interest-free installments, more consumers can afford to make purchases, which can help to drive sales for merchants as well. As always, Apple continues to lead the way in technology innovation and is shaping the future of commerce.