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Mar 28 - Apple introduce Apple Pay Later to allow consumers to pay for purchases over time



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 2 months ago '11        #1
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Sin  topics gone triple plat - Number 1 spot x64
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Mar 28 - Apple introduce Apple Pay Later to allow consumers to pay for purchases over time
 

 
Apple Pay users can split purchases into four payments with zero interest and no fees

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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.
“There’s no one-size-fits-all approach when it comes to how people manage their finances. Many people are looking for flexible payment options, which is why we’re excited to provide our users with Apple Pay Later,” said Jennifer Bailey, Apple’s vice president of Apple Pay and Apple Wallet. “Apple Pay Later was designed with our users’ financial health in mind, so it has no fees and no interest, and can be used and managed within Wallet, making it easier for consumers to make informed and responsible borrowing decisions.”
Apply for, Track, and Manage Loans Seamlessly in Wallet

To get started with Apple Pay Later, users can apply for a loan within Wallet with no impact to their credit.4 They will then be prompted to enter the amount they would like to borrow and agree to the Apple Pay Later terms. A soft credit pull will be done during the application process to help ensure the user is in a good financial position before taking on the loan.
After a user is approved, they will see the Pay Later option when they select Apple Pay at checkout online and in apps on iPhone and iPad, and can use Apple Pay Later to make a purchase. Once Apple Pay Later is set up, users can also apply for a loan directly in the checkout flow when making a purchase.

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Apple Pay Later is built right into Wallet, so users can seamlessly view, track, and manage all of their loans in one place. With Apple Pay Later in Wallet, users can easily see the total amount due for all of their existing loans, as well as the total amount due in the next 30 days. They can also choose to see all upcoming payments on a calendar view in Wallet to help them track and plan their payments. Before a payment is due, users will also receive notifications via Wallet and email so they can plan accordingly. Users will be asked to link a debit card from Wallet as their loan repayment method; to help prevent users from taking on more debt to pay back loans, credit cards will not be accepted.
Apple Pay Later was designed with privacy and security at its core. Purchases using Apple Pay Later are authenticated using Face ID, Touch ID, or passcode, and users’ transaction and loan history are never shared or sold to third parties for marketing or advertising.
Apple Pay Later is offered by Apple Financing LLC, a subsidiary of Apple Inc., which is responsible for credit a*sessment and lending. Apple Financing plans to report Apple Pay Later loans to U.S. credit bureaus starting this fall,5 so they are reflected in users’ overall financial profiles and can help promote responsible lending for both the lender and the borrower.
Mastercard and Goldman Sachs

Apple Pay Later is enabled through the Mastercard Installments program, so merchants that accept Apple Pay do not need to do anything to implement Apple Pay Later for their customers. When a merchant accepts Apple Pay, Apple Pay Later will be an option for their customers during checkout online and in apps on iPhone and iPad. Goldman Sachs is the issuer of the Mastercard payment credential used to complete Apple Pay Later purchases.
Availability
Starting today, randomly selected users will be invited to get early access to a prerelease version of Apple Pay Later via Wallet and through their Apple ID email. Apple Pay Later is available in the U.S. for online and in-app purchases on iPhone and iPad. Apple Pay Later is available with iOS 16.4 and iPadOS 16.4.

visit this link https://www.apple.com/new .. ple-pay-later/
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84 comments

 2 months ago '11        #2
Sin  topics gone triple plat - Number 1 spot x64 OP
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just in time for a recession
+60   

 2 months ago '05        #3
pippen33 
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+50   

 2 months ago '22        #4
Kain777  topics gone triple plat - Number 1 spot x4
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Nice
+3   

 2 months ago '16        #5
00010111  topics gone triple plat - Number 1 spot x9
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+6   

 2 months ago '22        #6
Booda Sack  topics gone triple plat - Number 1 spot x11
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corporation basically said we drain you for all your funds but what about those future funds
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 2 months ago '04        #7
NAKHI ALLAH 
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+27   

 2 months ago '18        #8
DUCEDUCE  topics gone triple plat - Number 1 spot x3
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It’s just a credit card
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 2 months ago '11        #9
Sin  topics gone triple plat - Number 1 spot x64 OP
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 DUCEDUCE said
It’s just a credit card
0 interest
+14   

 2 months ago '18        #10
DUCEDUCE  topics gone triple plat - Number 1 spot x3
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 Sin said
0 interest
Like 4 months and the thing I have been seeing lately people doing this and then can’t pay off the balance only thing you should take out on credit is a car and a house
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 2 months ago '11        #11
Sin  topics gone triple plat - Number 1 spot x64 OP
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 DUCEDUCE said
Like 4 months and the thing I have been seeing lately people doing this and then can’t pay off the balance only thing you should take out on credit is a car and a house
It’s sad people are using credit now and buy now pay later for groceries now


;t=9ml_4Mq31pOV79YFeRWN5A
People are struggling but won’t or can’t stop spending
+13   

 2 months ago '18        #12
DUCEDUCE  topics gone triple plat - Number 1 spot x3
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 Sin said
It’s sad people are using credit now and buy now pay later for groceries now




People are struggling but won’t or can’t stop spending
Hey I have noticed that everywhere they got used to that covid money and now they dont want to give in to going back to reality.
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 2 months ago '11        #13
Sin  topics gone triple plat - Number 1 spot x64 OP
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 DUCEDUCE said
Hey I have noticed that everywhere they got used to that covid money and now they dont want to give in to going back to reality.
I hope people didnt over extend themselves too much and have absolutely no way to pay some things back
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 2 months ago '23        #14
IversonToWebber  topics gone triple plat - Number 1 spot x3
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That's for broke bums
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 2 months ago '16        #15
Homer Pimpson 
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broke n*ggas rejoice
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 2 months ago '05        #16
Micheal C. Will  topics gone triple plat - Number 1 spot x4
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A lot of merchants are doing this now, from Amazon, to Paypal, etc. No credit checks either.
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 2 months ago '16        #17
Vizier  topics gone triple plat - Number 1 spot x1
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 Sin said
I hope people didnt over extend themselves too much and have absolutely no way to pay some things back

Hope is not enough man, the bank's have the data, and I don't think it's good, at least for a couple years.

With that said, this is a good move by Apple, eventually they'll eliminate the buy now pay later apps (Sezzle, Afterpay, Klarna etc).
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 2 months ago '15        #18
POTUS2045  topics gone triple plat - Number 1 spot x1
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AMEX cardholders “welcome to the party.”
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 2 months ago '16        #19
Ward222  topics gone triple plat - Number 1 spot x2
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This form of payment is old af.
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 2 months ago '14        #20
Sphynx 
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All this buy now/pay later sh*t is a trap designed to get kids in debt or ruin their credit when they buy now, and spend the money before the later comes

Don't buy anything you don't need if you can't pay for it 3x over right there
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 2 months ago '07        #21
Blaksentinel 
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Klarna and Afterpay got these companies changing formats to keep up
+12   

 2 months ago '06        #22
sunsetnVine 
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 Sin said
just in time for a recession
Apple trying to get folk on those long term papers
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 2 months ago '07        #23
Rico23  topics gone triple plat - Number 1 spot x2
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Smart from Apple. They want to keep their sheep in one area. No more need for Klarna/Sezzle/Affirm etc. Straightto cart with Apple Pay later
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 2 months ago '05        #24
dblockallday 
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if you can't buy it twice you can't afford it
+15   

 2 months ago '15        #25
edub911 
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Debt debt debt
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