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PRESS RELEASE March 28, 2023
CUPERTINO, CALIFORNIA Apple today introduced Apple Pay Later in the U.S. Designed with users’ financial health in mind, Apple Pay Later1 allows users to split purchases into four payments, spread over six weeks with no interest and no fees.2 Users can easily track, manage, and repay their Apple Pay Later loans in one convenient location in Apple Wallet. Users can apply for Apple Pay Later loans of $50 to $1,000, which can be used for online and in-app purchases made on iPhone and iPad with merchants that accept Apple Pay.3 Starting today, Apple will begin inviting select users to access a prerelease version of Apple Pay Later, with plans to offer it to all eligible users in the coming months.

Apply for, Track, and Manage Loans Seamlessly in Wallet

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  1. Apple Pay Later is subject to eligibility and approval. Apple Pay Later is available only in the U.S. It may not be available in all states. It is not available in U.S. territories. Loans are made by Apple Financing LLC, NMLS #2154940. For California residents, loans are made or arranged pursuant to a California Financing Law license. To use Apple Pay Later, a user must have an iPhone or iPad updated to the latest version of iOS or iPadOS. For more eligibility details, see support.apple.com/en-us/HT212967.
  2. A user’s bank may charge them fees if their debit card account contains insufficient funds to make loan repayments.
  3. Some merchants may not be eligible to offer Apple Pay Later.
  4. Upon purchase, a user’s Apple Pay Later loan and payment history may be reported to credit bureaus and impact their credit.
  5. Apple Financing LLC may report past, current, or future Apple Pay Later loans.