How to use Apple Pay Later?

Users of Apple Pay have the option to obtain a loan with no interest for their purchases. They can repay this loan in installments spread over six weeks.

Typically, when you purchase with Apple Pay on your iPhone, the total amount is deducted from your credit or debit card immediately.

However, Apple offers a feature called Apple Pay Later that allows you to pay for items through an installment plan.

To use Apple Pay Later, you can apply for a loan ranging from $50 to $1,000 directly in the Apple Wallet app.

If your financial history and standing are satisfactory, approval is quick.

This feature lets you divide payments for future purchases at participating online or brick-and-mortar stores into four interest-free installments over six weeks.

Apple Pay Later allows Apple to pay the seller upfront, and you repay Apple later.

Payments are usually automatically withdrawn from your debit card, but you also have the option to make manual payments if you prefer. Here’s how you can set up and utilize Apple Pay Later.

How to use Apple Pay Later

Apple Pay Later Requirements 

To access Apple Pay Later, you need to link a debit card in the Apple Wallet app, as credit cards, including the Apple Card, are not accepted.

The following criteria must also be met:

  • At least 18 years old.

  • A US citizen or lawful resident with a proper physical address in the US.

  • Two-factor authentication must be enabled for Apple ID.

  • iOS 16.4 or higher.

  • Confirm identity using your state-issued ID or driver’s license.

Setting Up Apple Pay Later

Setting Up Apple Pay Later

To start using Apple Pay Later, you need to have Apple Pay set up and a debit card added to your account.

If you haven't completed this setup yet, refer to our guide for instructions. Once set up, you can access and manage your cards in the Wallet app on your iPhone.

How to Apply for Apple Pay Later ?

How to Apply for Apple Pay Later 

Select the Pay Later banner within the Wallet app to request an Apple Pay Later loan. If it’s not visible, tap the + icon at the top of the screen.

Then, under Available Cards, choose Set Up Apple Pay Later. The initial setup will guide you through a few informational screens explaining the feature's operation. Tap Apply Now and then Continue.

Tap Next. Input the loan amount you wish to borrow, ranging between $50-$1,000.

Apple will then show you the payment plan details, including the amount due at the time of purchase and the breakdown of payments for the remaining intervals.

If everything appears correct, tap Continue to proceed with processing your information.

You'll be prompted to provide your name, date of birth, phone number, and address.

After confirming these details, Apple will perform a credit check, which they assure will not affect your credit score.

After submitting all the required information, the app will take a few moments to process your application.

If your credit is in good standing, you'll receive a notification confirming approval for the requested loan amount.

Using Apple Pay Later for Purchases

Using Apple Pay Later for Purchases

When shopping online or at a store that supports Apple Pay, add the items you want to your cart and select the option to check out with Apple Pay.

Ensure your total is between $50-$1,000, then tap Continue.

In the Apple Pay screen, you can either pay the full amount or opt for Pay Later. Select the Pay Later option to split your payment into four installments.

The screen will display what’s due immediately and the remaining payments over the six weeks. Tap Continue, then select Agree & Continue to finalize the purchase.

Select the debit card that will be used to repay the loan. At this point, you can enable Autopay if you desire.

To authorize the payment, double tap the Side button when prompted. A confirmation message will appear once the transaction is successfully processed.

Checking Apple Pay Later Loan and Payments

Checking Apple Pay Later Loan and Payments

Once you make your first purchase with Apple Pay Later, you can track your loan status.

Simply open the Wallet app and select the Pay Later card to view the total balance and the amount due within the next 30 days.

In the Upcoming Payments tab, you’ll see the merchant associated with your current plan.

Tap the merchant's name to view the total you've paid and the remaining balance. To see the overall cost of the purchase and loan, select Total Cost.

If you want to manage Autopay, tap the Autopay option to view your linked debit card and disable Autopay if you prefer manual payments.