Apple Pay Later has been discontinued less than one year after its full US rollout, the company has confirmed. “Starting later this year, users across the globe will be able to access installment loans offered through credit and debit cards, as well as lenders, when checking o...
Apple is discontinuing Apple Pay Later, the buy now, pay later feature that it just launched last October. Apple Pay Later is being discontinued as of today, but people who have existing Apple Pay Later loans will be able to continue to pay them off and manage them through...
Why Apple Pay Later is being discontinued In March 2023,Apple Pay Later launched in prerelease modebut took until October to fully roll out. The service offered as much as $1,000 over four installments. But as the iPhone maker announced at the WWDC24 that third-party services from Affirm, ...
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 was unique because Apple needed to create its own bank to offer the loans. The Apple Card is issued by Goldman Sachs, which means Goldman ultimately decides who gets approved and what spending limits are for each customer. Apple has discontinued any new Apple Pay Later l...
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. ...
Apple also discontinued its Apple Pay Later service earlier this year, a possible indication that the company is reassessing its financial products. Initially announced in 2022, Apple Pay Later was a Buy Now Pay Later service that allowed customers to split payments into multiple smaller installments...
Apple has worked with Barclay's in the past. The bank and Apple had a Barclaycard Visa with Apple Rewards, with users able to earn rewards towards future Apple or iTunes purchases at the time. That partnership started to wind down in 2020 after it discontinued special financing of Apple gea...
In September of 2020, Apple discontinued special financing for Barclays cardholders, suggesting that customers utilize the Apple Card instead. However, even though the financing had ended, customers were still allowed to earn points toward Apple gift cards, which could be redeemed at an Apple St...
Synchrony Pay Later coming soon to Apple Pay Synchrony Pay Later can soon be used to complete purchases in installments via Apple Pay. Marko Zivkovic|1 week ago 0 Apple donating to LA wildfire recovery & allowing affected Apple Card holders to delay payments ...