Apple has discontinued any new Apple Pay Later loans, but customers who have existing Apple Pay Later loans will be able to manage them inside Apple Pay.
I tend to agree, but only for long-term zero percent interest (i.e. 6 months or more). For example I used Affirm for a $1,000+ purchase not long ago, paid...
In June, Apple discontinued its "buy now, pay later" service called Apple Pay Later, which let qualifying customers split a purchase made...
Apple Pay Later (APL) service is currently discontinued. There are references to it in some support material and probably in older software. Apple is turning instead to current BNPL services. They require the device be on iOS 18.x.x and if they accept Apple Cash is up to their terms and...
One of the main reasons Apple discontinued its Pay Later service is the current high-interest rate environment. Central banks, including the Federal Reserve, have hiked their benchmark interest rates to over 5% recently—the highest in more than a decade. ...
After Apple discontinued itsshort-livedApple Pay Later service last year, it picked up several third-party BNPL options instead, includingKlarnaand Affirm. BNPL usage has beenon the rise, and surveys have indicated thatusers have overspent and missed payments. Last year, theConsumer Financial ...
In June 2024, Apple announced that Apple Pay Later would be discontinued in favor of working with third-party payment plan systems like Affirm. Apple never disclosed why it stepped out of the short-term loan game, but it may have to do with the way the loans themselves were handled. ...
Synchrony also announced that, starting later this year, users will be able to view and redeem rewards from eligible Synchrony-issued cards when checking out with Apple Pay online and in apps on the iPhone and iPad. Apple discontinued its own buy-now, pay-later service called Apple Pay Later...
Apple is shutting down Apple Pay Later, but will still offer installment loans through other lenders.
Members of theApple Payteam who oversaw the project have since been reassigned to other projects. The team alsodiscontinuedthe Apple Pay Later program earlier this year, just months after its launch. Apple was supposed to finance the loans for the rumored hardware subscription service through metho...