Apple Pay Later Has Rolled Out In The U.S., But Only A Select Users Can Try Out The Service, For Now
After much delay, the Apple Pay Later service is finally here, allowing users to finance their purchases in a series of four monthly installments at 0 percent interest to remove some burden off of their shoulders. Pricey Apple products can take a massive hit on your wallet, which is likely why this service materialized. Unfortunately, it is not ready for a mass deployment, but Apple probably has something in the pipeline.
The service has currently rolled out in the U.S., according to the press release shared by Apple. However, the firm states that it will take months for Apple Pay Later to arrive to potentially millions of users as only a select few have been invited to try it out. The company also says you need to install iOS 16.4 or iPadOS 16.4 to start using it.
“Starting today, randomly selected users will be invited to get early access to a prerelease version of Apple Pay Later via Wallet and through their Apple ID email. Apple Pay Later is available in the U.S. for online and in-app purchases on iPhone and iPad. Apple Pay Later is available with iOS 16.4 and iPadOS 16.4.”
Once users are invited, they can apply for their first loan within the Wallet app. Of course, the loan amount needs to be approved first, but thankfully, the application will not affect your credit score. However, the applicable loan amount, at this time, is up to $1,000, meaning that even if you are eligible, the most you can get is a 128GB version of the iPhone 14 Pro, which may not suffice for the majority of customers.
“Users can apply for Apple Pay Later loans of $50 to $1,000, which can be used for online and in-app purchases made on iPhone and iPad with merchants that accept Apple Pay. Starting today, Apple will begin inviting select users to
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