Apple to Launch 'Buy Now, Pay Later' Program in Canada Through PayBright Partnership

Apple is teaming up with Canadian payment services company PayBright to launch a buy now, pay later program for Apple products in Canada, reports Bloomberg.

paybright buy now pay later canada
PayBright, which is owned by Affirm, offers payment plans that are designed to break the cost of a purchase down into biweekly or monthly installments. PayBright already works with a number of companies in Canada including WayFair, Sephora, Samsung, eBay, Dyson, and more. "Shop now, and pay over time at your favorite stores," reads the company's website.

Canadian customers will be able to purchase iPhones, Macs, and iPhones, and pay for purchases over the course of 12 to 24 months instead of paying up front. The program will work with device trade-ins that can serve as a down payment, and AppleCare can be included in the installment plan. As a launch bonus, the new installment option will be offered interest-free for a limited time.

Apple and PayBright will debut the payment program online and in retail stores in Canada starting on August 11. Retail employees have already been informed about the initiative, according to a note sent to staff that was seen by Bloomberg. Some customers visiting Apple want to buy now and pay later. Now, they have a new option that lets them pay over time for their favorite Apple products," reads the letter.

Apple already offers installment payment plans for device purchases made with the Apple Card in the United States, but a similar program has not been available in Canada.

Last month, Bloomberg reported that Apple is working on an "Apple Pay Later" feature that will allow customers to make Apple Pay purchases with monthly installments, a program that will be separate from the new buy now, pay later initiative launching in Canada.

Apple will partner with Goldman Sachs for the ‌Apple Pay‌ Later feature, and installment payment options will be available for all ‌Apple Pay‌ purchases and will not be limited to Apple products.

Tag: Canada

Top Rated Comments

sw1tcher Avatar
25 weeks ago

Also known as: "Spend the money that You don't possess."

Buy now declare bankruptcy later...
Those aren't the only customers who use BNPL services.

For example, if I was planning to buy a 256GB iPhone 12 Pro Max for my wife and I, that's C$1689 x 2. I can easily afford the C$3378, but why pay the full C$3378 upfront when it'd be financially smarter to use their Pay-in-4 payment option or make monthly interest free payments and then invest the rest?
Score: 13 Votes (Like | Disagree)
Pearple Avatar
25 weeks ago
Also known as: "Spend the money that You don't possess."
Score: 8 Votes (Like | Disagree)
Rogifan Avatar
25 weeks ago

Hmm ? guess people not being able to pay rent has hurt Apple, so let’s over high interest financing and payment plans for a 1000 dollar device that does the same thing as a 200 dollar Android.

Apple is a disappointment
I’m paying for my new iPad Pro over time using my Apple Card. No interest involved. Same with the iPhone upgrade program. Why not pay something off over time with what’s essentially a no interest loan?
Score: 7 Votes (Like | Disagree)
Deguello Avatar
25 weeks ago
“As a launch bonus, the new installment option will be offered interest-free for a limited time.”

Just because you can afford to pay for it now doesn’t mean you should.
Score: 5 Votes (Like | Disagree)
GenesisST Avatar
25 weeks ago
Buy now declare bankruptcy later...

that being said if LEGO does that I'm screwed...
Score: 5 Votes (Like | Disagree)
no_idea Avatar
25 weeks ago

Also known as: "Spend the money that You don't possess."
And be prepared after interest to pay 3x the total price…all because you cannot control your impulses
Score: 5 Votes (Like | Disagree)

Related Stories

Apple Pay Feature

Apple Working on 'Apple Pay Later' Feature With Monthly Installments for Apple Pay Purchases

Tuesday July 13, 2021 11:51 am PDT by
Apple is developing a new pay later service that will let customers pay for Apple Pay purchases in installments over time, reports Bloomberg. Installment payment options will be available for all Apple Pay purchases, with the feature not limited to Apple products. The service is similar to Paypal's Buy Now, Pay Later feature, and internally, it's being called "Apple Pay Later." Apple is...
Apple Pay Feature

Survey: Only 6% of U.S. iPhone Users Who Set Up Apple Pay Actually Use It

Tuesday September 7, 2021 8:36 am PDT by
Only six percent of iPhone users in the United States who have Apple Pay set up actually use the feature, according to a detailed study by PYMNTS. Seven years after Apple Pay launched in September 2014, 93.9 percent of consumers with Apple Pay activated on their iPhone do not use it to pay for in-store purchases, meaning that only 6.1 percent do. In 2015, the year following Apple Pay's...
ing belgium apple pay

ING Belgium Announces Support for Apple Pay

Tuesday August 3, 2021 4:01 am PDT by
ING Belgium today announced support for Apple Pay, offering the bank's customers another way to pay using contactless without needing their physical debit card to hand. The 1.4 million customers who do their banking via the ING Banking app will now be able to use their ING cards with Apple Pay to make payments even more easily, said the bank in a press release. "We're constantly looking for ...
apple pay qatar qnb

Apple Pay Launches in Qatar

Tuesday August 17, 2021 2:31 am PDT by
Apple Pay has launched for iPhone, Apple Watch, and Mac users in Qatar, expanding Apple's regional reach for its mobile payment solution, according to a post by the QNB Group (via AppleInsider). Apple Pay in Qatar will first be available with the Dukhan Bank and QNB Group, which calls itself the "largest financial institution in the Middle East and Africa." Other banks in the country can be...
coinbase app mobile

Coinbase Users Can Now Buy Crypto Assets Using Apple Pay

Friday August 6, 2021 1:23 am PDT by
Popular cryptocurrency exchange Coinbase has announced that it is now allowing traders to use bank cards linked to Apple Pay to purchase crypto assets on the platform. "Today, we're introducing new and seamless ways to enable crypto buys with linked debit cards to Apple Pay and Google Pay, and instant cashouts up to $100,000 per transaction available 24/7," said a Coinbase blog post on...
apple pay

EU Plans to Hit Apple With Antitrust Charges Over Apple Pay

Wednesday October 6, 2021 7:26 am PDT by
The European Commission is planning to charge Apple with anticompetitive behavior with regards to Apple Pay, since it is the only payment service that can use the iPhone's Near-Field Communication (NFC) chip, Reuters reports. EU antitrust investigator Margrethe Vestager has been investigating Apple Pay since June last year, but the European Commission has since centered its focus on the NFC...
iPhone 13 Pro Light Blue Side Feature

Apple Starts Offering 0% Financing on iPhones for 24 Months in Canada

Friday September 17, 2021 6:30 am PDT by
Coinciding with the start of iPhone 13 and iPhone 13 Pro pre-orders, Apple today started offering 0% financing for an extended 24 months on new iPhone purchases in Canada through financing partner PayBright, up from six months previously. For example, customers with approved credit can now pay for the iPhone 13 Pro with 128GB of storage for 24 equal monthly payments of $58.29, with zero...
taiwan railways administration

Taiwan Railways Administration Announces Apple Pay Support for E-Tickets

Monday September 6, 2021 1:21 am PDT by
Taiwan's Railways Administration (TRA) has officially announced support for using Apple Pay when purchasing train tickets with the service's e-booking mobile app. In a press release on its website, the country's railway operator said it was making the new "Apple Pay ticketing service" available from September 7 in order to improve convenience for passengers when booking tickets via the...

Popular Stories

Upcoming Products 2022 Feature

Gurman: Apple Preparing 'Widest Array of New Hardware Products in Its History' for Fall

Sunday January 23, 2022 10:32 am PST by
Apple is working on a number of new products that are set to launch this fall, and Bloomberg's Mark Gurman says that it will be "the widest array" of new devices that Apple has introduced in its history. In his latest "Power On" newsletter, Gurman explains that Apple is working on four new flagship iPhones (iPhone 14, iPhone 14 Max, iPhone 14 Pro, and iPhone 14 Pro Max), an updated low-end Ma...
macbook pro 14 16 2021

Three Months After Launch, Apple Still Struggling to Meet Demand for Redesigned 14-Inch and 16-Inch MacBook Pro

Monday January 24, 2022 7:12 am PST by
Three months after their launch, the 14-inch and 16-inch MacBook Pros continue to experience high demand and seemingly short supply, with shipping dates for both models stretching into multiple weeks in several of Apple's key markets. In the United States, the baseline 14-inch MacBook Pro with the M1 Pro chip is estimated to ship in three to four weeks, promising an arrival by at least...
General Dropbox Feature

macOS 12.3 Will Include Cloud Storage Changes Affecting Dropbox and OneDrive

Tuesday January 25, 2022 3:31 pm PST by
Dropbox today announced that users who update to macOS 12.3 once that software version becomes available may temporarily encounter issues with opening online-only files in some third-party apps on their Mac. In a support document and an email to customers, Dropbox said it is actively working on full support for online-only files on macOS 12.3 and will begin rolling out an updated version of...
Questionable Design Decisions

Apple's Most Questionable Design Decisions in Recent Memory

Sunday January 23, 2022 2:59 am PST by
Apple has always emphasized the depth of thought that goes into the design of its products. In the foreword to Designed by Apple in California, a photo book released by the company in 2016, Jony Ive explains how Apple strives "to define objects that appear effortless" and "so simple, coherent and inevitable that there could be no rational alternative." But every once in a while even Apple...
Apple Watch Red Yellow Green Feature 1

Apple Launches Black Unity Braided Solo Loop With 'Unity Lights' Watch Face

Wednesday January 26, 2022 6:05 am PST by
Apple today announced the Black Unity Braided Solo Loop for the Apple Watch, as well as a new downloadable watch face, to celebrate Black History Month. Following the launch of the limited edition Black Unity Apple Watch Series 6 and Sport Band in 2021, Apple today launched the Black Unity Braided Solo Loop as part of its celebrations for Black History Month this year.Apple is launching a...
att gigabit internet

AT&T Bringing $180/Month 5-Gigabit Internet to 70 Cities

Monday January 24, 2022 9:20 am PST by
AT&T today announced the launch of upgraded AT&T Fiber plans, which support speeds of up to 5 Gigabits for some customers. There are two separate plans, one "2 GIG" plan and one "5 GIG" plan, available to new and existing AT&T Fiber subscribers. According to AT&T, the new plans are available to nearly 5.2 million customers across 70 metro areas including Los Angeles, Atlanta, Chicago, San...
intel vs m1 max chip purple

Benchmarks Confirm Intel's Latest Core i9 Chip Outperforms Apple's M1 Max With Several Caveats

Wednesday January 26, 2022 8:56 am PST by
Benchmark results have started to surface for MSI's new GE76 Raider, one of the first laptops to be powered by Intel's new 12th-generation Core i9 processor. Intel previously said that its new high-end Core i9 processor is faster than Apple's M1 Max chip in the 16-inch MacBook Pro and, as noted by Macworld, early Geekbench 5 results do appear to confirm this claim, but there are several...
ios 15

Apple Releases iOS 15.3 and iPadOS 15.3 With Fix for Safari Bug That Leaks Browsing Activity

Wednesday January 26, 2022 10:00 am PST by
Apple today released iOS 15.3 and iPadOS 15.3, the third major updates to the iOS and iPadOS 15 operating systems that were released in September 2021. iOS and iPadOS 15.3 come almost two weeks after the release of iOS and iPadOS 15.2.1, minor bug fix updates. The iOS 15.3 and iPadOS 15.3 updates can be downloaded for free and the software is available on all eligible devices over-the-air in ...