Apple Pay Later is Apple’s newest “buy now, pay later” feature. It lets you split any purchase from $50 to $1,000 into four equal payments over six weeks, all with no interest or extra fees. You can use this payment method for shopping online or at local stores that accept Apple Pay.
How to set up Apple Pay later
In this guide, I'll show you how to use Apple Pay Later and how to set it up on your iPhone.
You can use Apple Pay Later on your iPhone through the Wallet app. When you buy something with Apple Pay Later, your six-week payment plan is divided into four equal parts. They automatically charge your account every two weeks through your linked bank. The best part is that you don’t need any money at the time of purchase.
Please note: Apple Pay Later is currently rolling out to a select group of users who receive an invite. They are randomly choosing people via Apple ID emails for this early version.