Apple Pay Later Available on Limited Basis Starting Today, Launching Widely in Coming Months

Apple today announced that it will begin inviting "randomly selected users" to use a prerelease version of Apple Pay Later via the Wallet app and an email sent to their Apple ID. Apple Pay Later is available in the U.S. and requires iOS 16.4 and iPadOS 16.4.

Apple Pay Later screenshots
Apple Pay Later will be expanded to all eligible iPhone users over the age of 18 in the U.S. in the "coming months," according to Apple.

Announced at WWDC 2022 last June, Apple Pay Later is a "buy now, pay later" financing option that lets qualifying customers in the U.S. split a purchase made with Apple Pay into four equal payments over six weeks, with no interest or fees to pay. Users can apply for Apple Pay Later loans of $50 to $1,000 to be used towards online and in-app purchases made with Apple Pay on the iPhone and iPad, according to Apple.

iPhone users can apply for a loan in the Wallet app with no impact to their credit. After entering the amount they would like to borrow and agreeing to the Apple Pay Later terms, a soft credit check will be initiated during the application process. After a user is approved, Apple Pay Later will be available as an option when using Apple Pay.

Apple Pay Later is built into the Wallet app on the iPhone, allowing users to view, track, and manage loans in one place. Users can view upcoming payments on a calendar and choose to receive upcoming payment notifications via the Wallet app and email. Users must link a debit card as their loan repayment method, with credit cards not accepted.

Apple Pay Later credit assessment and lending is handled by Apple Financing LLC, a subsidiary of Apple. The service is based on the Mastercard Installments program, so merchants that accept Apple Pay do not need to do anything to implement it.

Apple's corporate and retail employees were already able to use Apple Pay Later prior to today's announcement, as part of early testing.

Apple has shared a support document with additional details about Pay Later.

Related Roundup: Apple Pay

Popular Stories

iOS 26 Battery Glass Feature

iPhone 16 Pro Max 80% Charge Limit: One Year Later, Was It Worth It?

Wednesday September 24, 2025 3:58 pm PDT by
With the iPhone 15 series, I did an experiment and kept my iPhone's Charge Limit set at 80 percent for an entire year. It provided an interesting look at the impact of charge limits on battery longevity, so I decided to repeat it for the iPhone 16 line. Since September 2024, my iPhone 16 Pro Max has been limited to an 80 percent charge, with no cheating. As of today, my battery's maximum...
AirPods Pro 3 Newsroom

Apple's 'Back to School' Offer Ends Soon, Now Applies to AirPods Pro 3

Wednesday September 24, 2025 7:20 am PDT by
Apple's annual "Back to School" promotion for students ends soon, so act fast if you want to score free AirPods with the purchase of an eligible new Mac or iPad. Until Tuesday, September 30, college students and qualifying educational staff in the U.S. can receive free AirPods 4 with Active Noise Cancellation when they purchase an eligible new Mac or iPad from Apple. This is a $179 value. ...
iphone 17 pro dark blue 1

Apple Blames In-Store MagSafe Chargers for iPhone 17 Pro Display Model Scratches

Wednesday September 24, 2025 10:22 am PDT by
The marks on the iPhone 17 Pro models that people have noticed at Apple retail stores are caused by the chargers that Apple uses, Apple confirmed today. Apple told 9to5Mac that worn MagSafe charging stands in stores are causing marks on the iPhone 17 Pro and iPhone 17 Pro Max. Apple says that the marks are not scratches, and are instead material transfer from the stand to the phone. The...
iPhone 17 Pro Colors

Skipped the iPhone 17 Pro? Here's What is Rumored for iPhone 18 Pro

Tuesday September 23, 2025 8:55 am PDT by
While the iPhone 18 Pro and iPhone 18 Pro Max are still a year away, there are already a few rumors about the devices that offer an early look ahead. Below, we have recapped some of the early iPhone 18 Pro rumors so far. This story was published previously, and it has been updated to reflect the latest rumors. Many early rumors prove to be true, but nothing is confirmed yet, and Apple's...
iOS 26

Everything New in iOS 26.1 Beta 1

Monday September 22, 2025 12:44 pm PDT by
Apple released the first beta of iOS 26.1 today, just a week after launching iOS 26. iOS 26.1 mainly adds new languages to Apple Intelligence, but there are a few other features that are worth knowing about. New Apple Intelligence Languages Apple Intelligence is now available in Danish, Dutch, Norwegian, Portuguese (Portugal), Swedish, Turkish, Chinese (Traditional), and Vietnamese. AirPo...
ios 26 digital id passport wallet

Apple Confirms iOS 26 Wallet Passport Feature is Coming in 2025

Tuesday September 23, 2025 1:06 pm PDT by
Digital ID, the iOS 26 feature that lets U.S. passport holders add their passports to the Wallet app, is coming later in 2025, Apple confirmed today. Apple updated the release timing wording of Digital ID on its iOS 26 features page. "Digital ID will be coming later this year with US passports only," it reads. Prior to today, the footnote for the feature said "Digital ID will be available ...
apple tv 4k new orange

Next Apple TV Expected to Launch This Year With These New Features

Monday September 22, 2025 10:00 am PDT by
The next Apple TV is expected to be released later this year, and a handful of new features and changes have been rumored for the device. Below, we recap what to expect from the next Apple TV, according to rumors. Likely Features N1 Chip With Wi-Fi 7 Last year, Bloomberg's Mark Gurman said the next Apple TV would be equipped with Apple's own combined Wi-Fi and Bluetooth chip, which is...
iPhone 17 Pro USB C Port

iPhone 17 Pro Max's USB-C Charging Speeds Tested With Apple Chargers

Monday September 22, 2025 7:29 am PDT by
The website ChargerLAB has tested the iPhone 17 Pro Max's USB-C charging speeds with a variety of Apple's chargers, from 18W to 140W. The device reached a peak charging speed of around 36W with the following Apple chargers:40W Dynamic Power Adapter with 60W Max 61W USB-C Power Adapter 67W USB-C Power Adapter 70W USB-C Power Adapter 96W USB-C Power Adapter 140W USB-C Power AdapterFor...
50 New Features and Changes Worth Checking Out in macOS Tahoe

50 New macOS Tahoe Features and Changes Worth Checking Out

Wednesday September 24, 2025 8:43 am PDT by
Apple this month released macOS Tahoe, the latest version of the company's Mac operating system. ‌macOS Tahoe 26 adopts Apple's new Liquid Glass design along with new customizations, a new Phone app, and updated capabilities across the platform. In this article, we've selected 50 new features and lesser-known changes that are worth checking out if you're upgrading. What do you think of...

Top Rated Comments

CasinoOwl Avatar
33 months ago
This seems like a way into debt. Why not save up for 4 weeks and then buy the thing when you have the money? I could see how this would be good in case of emergency, but it seems most people will just get into a cycle of spending next month's money. Not good.
Score: 14 Votes (Like | Disagree)
iGeneo Avatar
33 months ago

This seems like a way into debt. Why not save up for 4 weeks and then buy the thing when you have the money? I could see how this would be good in case of emergency, but it seems most people will just get into a cycle of spending next month's money. Not good.
At 0.0%, why not keep your money in your bank and use their money?

If you have discipline, this is always a great option
Score: 13 Votes (Like | Disagree)
cdsapplefan Avatar
33 months ago
Split a $2 Snicker bar into 4 interest free payments, lol ?
Score: 11 Votes (Like | Disagree)
ProfessionalFan Avatar
33 months ago

Pretty cool given that there are no interest or fees to pay. What's Apple's angle here though?
Easier to get people to make an impulse purchase.
Score: 10 Votes (Like | Disagree)
compwiz1202 Avatar
33 months ago

Split a $2 Snicker bar into 4 interest free payments, lol ?
But nothing better than this one:

[HEADING=2]USB-C to Apple Pencil Adapter[/HEADING]
$9.00
or
$0.75/mo.per month for 12 mo.*
Score: 9 Votes (Like | Disagree)
vegetassj4 Avatar
33 months ago
Draft version they forgot to take down:

"CUPERTINO, CALIFORNIA Apple today introduced Apple Pay Later in the U.S. Designed with [S]shareholders [/S]users’ financial health in mind..."




Attachment Image
Score: 8 Votes (Like | Disagree)