Affirm and Klarna Pay Later Options Now Available for In-Store Apple Pay Purchases

[MacRumors]

Affirm and Klarna today announced that their pay later options are now available for in-store Apple Pay purchases.

With the new feature, approved Apple Pay users can use Affirm to opt to split eligible in-person purchases into biweekly or monthly payments from 0% APR to 36% APR.

Those that choose Klarna in the U.S. can use Pay in 4 to split the cost into four interest-free installments, Pay Later to pay the full amount up to 30 days later with no interest, or Financing with monthly installments for larger purchases. In the UK, Klarna supports Pay in 3 and Pay Later.

Affirm and Klarna's pay-over-time options were already available for online purchases made using Apple Pay, but now purchases made in retail locations can also use the split payment functionality. For a short period of time, Apple offered its own Apple Pay Later service, but it was discontinued in favor of partnerships with other companies.

To make an in-store purchase using Affirm or Klarna, iOS 26 is required. Customers can tap on the "+" button in the Wallet app, select Pay Later Options, and choose one of the available services. When ready to pay, double click on the side button of an iPhone as normal and then choose Affirm or Klarna as the payment option. From there, tap on Pay Later, obtain approval, and then authenticate with Face ID or Touch ID to make the purchase.

Article Link: Affirm and Klarna Pay Later Options Now Available for In-Store Apple Pay Purchases

 

[Filligans]

Strong recommendation to never use Klarna. The company has a bad reputation and thousands of unsatisfied users.

 

[iLuddite]

You Will Own Nothing & Be Happy ❤️

 

[Unami]

Sure, use Klarna, give them access to your account and have them download and track every puchase you do for at least a month. It‘s once again one of those „free“ services where the customer is the product.

 

[Radeon85]

Strong recommendation to never use Klarna. The company has a bad reputation and thousands of unsatisfied users.

I've used them for many dozens of purchases totalling a few thousand over the last 3 years, never had an issue. I just shove a lot of my purchases on Klarna and usually pay it off at the end of the month as it's all in one place. At least for me in the UK they've been perfect, not a single complaint.

 

[archvile]

I've used them for many dozens of purchases totalling a few thousand over the last 3 years, never had an issue. I just shove a lot of my purchases on Klarna and usually pay it off at the end of the month as it's all in one place. At least for me in the UK they've been perfect, not a single complaint.

If you are just paying it off then why not use a credit card that offers reward points so you at least get something extra out of it?

 

[Remy149]

Strong recommendation to never use Klarna. The company has a bad reputation and thousands of unsatisfied users.

I’ve been using Klarna instead of my credit cards and haven’t had a bad experience yet. I only use it for stuff I can actually buy in full upfront though.

 

[cdsapplefan]

Purchases usually have to be minimum $35 and up. So no just buying bubble gum or a soda pop and putting it on Pay Later 😂

 

[Remy149]

If you are just paying it off then why not use a credit card that offers reward points so you at least get something extra out of it?

I’m not the person you responded to but I’ve been using Klarna instead of my credit cards because I have a bad habit of just making partial payments and end up occurring interest. With Klarna it’s a flat 0 interest installments. I often pay off stuff early. I don’t live check to check but I still only pay most bills due before my next payroll.

 

[Remy149]

Sure, use Klarna, give them access to your account and have them download and track every puchase you do for at least a month. It‘s once again one of those „free“ services where the customer is the product.

I find the trade off worth it for the service they provide. I’ve switched to only using my credit cards for bills just so I can keep them active

 

[yoheywut]

I find the trade off worth it for the service they provide. I’ve switched to only using my credit cards for bills just so I can keep them active

You find it helpful to constantly carry debt for random purchases and have to deal with a third party payment company to juggle all the mini loans you have open? Sounds like my nightmare.

 

[Astrohunter]

Why even use those scammy services?
Just get a credit card and pay no fees?

 

[mentaluproar]

I cannot imagine a scenario where this is a better option than a promo from your cell phone company.

 

[contacos]

Strong recommendation to never use Klarna. The company has a bad reputation and thousands of unsatisfied users.

It's also bad for your score here in Germany because it pings Schufa and they treat it like a "credit" each time.

 

[Apleeseed84]

If you are just paying it off then why not use a credit card that offers reward points so you at least get something extra out of it?

TBH, they give me better rates when paying long term on items and it goes directly into the product and not just in general balance.

Why even use those scammy services?
Just get a credit card and pay no fees?

You really don’t if you pay it off in the regular four payments.

 

[tubedogg]

We finally got rid of checks and now we're going to have to wait in line behind people going through the BNPL approval process for the purchase. Awesome.

TBH, they give me better rates when paying long term on items and it goes directly into the product and not just in general balance.

Really? The times I've looked at it, Affirm has been either 3 or 4 payments at 0% interest, or ~35% APY on longer payback terms. Credit cards are higher than they used to be but I don't know of anyone doing 35%.

 

[Apleeseed84]

We finally got rid of checks and now we're going to have to wait in line behind people going through the BNPL approval process for the purchase. Awesome.


Really? The times I've looked at it, Affirm has been either 3 or 4 payments at 0% interest, or ~35% APY on longer payback terms. Credit cards are higher than they used to be but I don't know of anyone doing 35%.

From my Experience is that they make money on short term loans, like 6 months will be 35%, when it’s 12 months I get it down to 18% but its price dependent.

I never get to the 12 months because you get no penalty on paying it early, meaning I only pay the partial interest rate that would had led up to the “18% or 35%” since it’s included in the monthly payment, sorry for the confusion.

 

[noannualfee]

Here come the finance virtue signalers. Let people finesse the way they want to finesse. I dont agree with BNPL but maybe people don’t want to mess with their credit utilization. Maybe there are financially responsible people want to stooze every dollar they can? I just got done paying off my maxed out 18-month interest free credit card because i let the full balance sit in a HYSA and gain a few extra dollars. Dont tell the maxed out credit card boogieman.

 

[Black_Mage]

Rather than buy now and pay later, I strongly recommend everyone save money until you can buy & pay now. That's what I do. It requires patience, but I don't pay interest that way. My most recent purchase, the Mac Studio, was purchased that way. I put it on my Apple Card and paid the balance in full. Feels good.

 

[Anuba]

Why even use those scammy services?
Just get a credit card and pay no fees?

How is it any more ’scammy’ than a credit card? I’ve never paid Klarna a dime, only used it to delay payments by a month. Provided you have the discipline to pay the whole sum in 30 days, no cost is added on top of the purchase rice, where is the ’fee’?

Then again I’m not sure how it works in other countries - I live in Sweden where Klarna is based, and here it’s integrated with our digital ID system and as hassle free as Apple Pay, removing multiple steps associated with using VISA, MC, Amex etc.

 

[Black_Mage]

Here's a good video about this subject.

 

[noannualfee]

Rather than buy now and pay later, I strongly recommend everyone save money until you can buy & pay now. That's what I do. It requires patience, but I don't pay interest that way. My most recent purchase, the Mac Studio, was purchased that way. I put it on my Apple Card and paid the balance in full. Feels good.

Not all payment deferrals are bad. I opened a credit card that had a 18-month no interest offer, maxed it out, and put the in full balance payment in a high yield which gave almost $1100 in interest alone, not including the cashback points. Then just paid it off a week before it was due. Free money

 

[Metus]

I don’t get it, why do people like buying cheap (by cheap I mean like < 200$/€) stuff on BNPL? The only thing were I can understand is if you order 3 same sizes/colors with the intention to just keep one (and you have the money to buy it).

 

[medic711]

These ”buy now, pay later” services are no different than a credit card that creates more fees. Just another common source of this crazy inflation we are seeing.

 

[Black_Mage]

Not all payment deferrals are bad. I opened a credit card that had a 18-month no interest offer, maxed it out, and put the in full balance payment in a high yield which gave almost $1100 in interest alone, not including the cashback points. Then just paid it off a week before it was due. Free money

How were you able to do this without incurring cash advance fees?