Have you ever wanted to make a purchase but didn’t have the full amount up front? With Apple Pay Later, you can buy what you want from a participating seller and get your money back from Apple over time. Let’s take a look at what Apple Pay Later is, what you need to use it, and how to set it up on your iPhone and iPad.
- What is Apple Pay Later?
- How to set up Apple Pay Later on iPhone or iPad
- How to use Apple Pay Later on iPhone and iPad
What is Apple Pay Later?
Apple Pay Later is a service where you make a purchase from a participating merchant and the total cost is divided into 4 payments you pay over a 6-week period. Apple pays the full amount to the seller, and you return the credit without any fees or interest to Apple.
You can use Apple Pay Later for online and in-app purchases between $50 and $1,000 on an Apple Pay-enabled iPhone or iPad.
Applying for an Apple Pay Later loan does not affect your credit; however, after your purchase, your credit and payment history may be passed on to credit bureaus and affect your credit.
Apple Pay Later Requirements
To use Apple Pay Later, you must:
- Be at least 18 years old. If you are an Alabama resident, you must be at least 19 years old.
- Be a US citizen with a valid physical address, not a PO box. The service is not currently available in Hawaii, Nevada, New Mexico, North Carolina, Wisconsin, or the United States.
- Your device must be running at least iOS 16.4 or iPadOS 16.4.
- Set up Apple Pay with the appropriate debit card required for your initial Apple Pay Later payment.
- Set up two-factor authentication for your Apple ID.
- Have a driver’s license or government-issued ID in case proof of identity is required.
In addition, Apple Pay Later is currently only available to invited customers. Customers are randomly selected via their Apple ID email to use the service preview.
How to set up Apple Pay Later on iPhone or iPad
To use Apple Pay Later for the first time, you need to set it up and apply it in the Wallet app.
- On your iPhone, open the Wallet app. On an iPad, open Settings and select Wallet & Apple Pay.
- Click the Add (plus) button.
- Select Set Up Apple Pay Later and click Continue.
- Follow the instructions to apply for Apple Pay Later credit by entering the total amount you’re requesting, including taxes and shipping.
- Click “Next”and confirm your name, date of birth and address.
- Confirm the information and select Accept and Apply.
- Read the payment plan and loan agreement, and then click “Add to Wallet”.
Once your Apple Pay Later credit is approved, you have up to 30 days to complete your purchase. You can see the approved amount in the Apple Pay Later available for spending area.
If you have specific questions, concerns, or issues, you can contact Apple Pay Later support.
How to use Apple Pay Later on iPhone and iPad
To use your Apple Pay Later spendable amount from the Wallet app, follow these steps:
- Select Apple Pay during checkout.
- Go to the “Pay Later”tab and click “Continue”.
- Review the payment plan and loan agreement, then click Continue or Agree and Continue.
- Select the debit card you would like to use for your down payment and follow the instructions.
- Double click the side button and use Face ID, Touch ID or passcode to confirm the payment.
Convenient payment method!
Apple Pay Later is a convenient service that can help you buy what you want, but can’t pay the full price up front. While technically a short-term loan, Apple doesn’t charge any interest or fees, making it a convenient payment method.
Do you think you will try Apple Pay Later? Let us know why or why not!
To learn more, learn how to set up Apple Pay on your Apple Watch to make purchases with your wearables.