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Apple Pay Later Available on Limited Basis Starting Today, Launching Widely in Coming Months

ProfessionalFan said:
"American Way" despite 8 other countries having a higher percentage of people with credit cards and several more close behind.

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A percentage of people with credit cards is not indicative of personal household debt, how that debt is structured, what it's owed on, and to who.

Personal debt is a combination of secured and unsecured debt like home loans, car loans, student loans, credit cards, medical debt, etc.
 
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jlwarlow said:
Apple want to follow Paypal except outside the US. No Apple Cash/Apple Card/Apple Pay Later in the UK.
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Is that possibly regulations there delaying/preventing it and not Apple's decision? I can't imagine they would not want to have it in the UK.
 
jlwarlow said:
Apple want to follow Paypal except outside the US. No Apple Cash/Apple Card/Apple Pay Later in the UK.
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Wow didn’t know that, hopefully 🤞 you all can get those features soon as they really come in handy at times. Apple probably doesn’t wanna deal with the banking system in Europe and doesn’t wanna have to go through European litigation if something arises
 
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ProfessionalFan said:
"American Way" despite 8 other countries having a higher percentage of people with credit cards and several more close behind.
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People don't realize how much of a cash-based society the US actually is. I mean, it's not Japan or Germany, but you can definitely tell that (especially smaller) stores dislike cards more here than, say, in a lot of Europe--even if they still ultimately accept them for payment.
 
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CasinoOwl said:
This seems like a way into debt. Why not save up for 4 weeks and then buy the thing when you have the money? I could see how this would be good in case of emergency, but it seems most people will just get into a cycle of spending next month's money. Not good.
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I was going to reply, but @iGeneo is spot on. With 0% interest, and the understanding that I am going to pay in full anyways, this is a great way to keep my money in my hands for longer than I normally would. Then I can make interest on it! I'll definitely be using this for every purchase.

iGeneo said:
At 0.0%, why not keep your money in your bank and use their money?

If you have discipline, this is always a great option
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joshwenke said:
I was going to reply, but @iGeneo is spot on. With 0% interest, and the understanding that I am going to pay in full anyways, this is a great way to keep my money in my hands for longer than I normally would. Then I can make interest on it! I'll definitely be using this for every purchase.
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The APL service has a transaction limit of $1k and the repayment duration is 6 weeks… is the interest earned on your held cash that’s flagged for these purchases going to be worth it?
 
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MrKennedy said:
The APL service has a transaction limit of $1k and the repayment duration is 6 weeks… is the interest earned on your held cash that’s flagged for these purchases going to be worth it?
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My money or their money... always take advantage of free money and stay liquid when possible.

I look at the value of each purchase, often times I am looking for AA Loyalty points as I fly frequently and would like to maintain my EP status on AA. But still, whether I use APL or one of my AA Cards, I'm using their money whenever possible.
 
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iGeneo said:
My money or their money... always take advantage of free money and stay liquid when possible.

I look at the value of each purchase, often times I am looking for AA Loyalty points as I fly frequently and would like to maintain my EP status on AA. But still, whether I use APL or one of my AA Cards, I'm using their money whenever possible.
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So why would you ever use ApplePay Later? You're better off with the cash back or points AND paying 4-8 weeks after your purchase rather than paying 25% of each purchase off at 0/2/4/6 weeks.
 
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If one already has the Apple Card or some other credit card in the Wallet app, it doesn't make sense to apply for a loan with Apple Pay later feature which limits the purchase amount and forces more payments than an actual card.
 
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From what I can tell this is going to be a new payment method(card) that you can choose when checking out, with a certain amount available to spend. So you can use it for multiple purchases as long as you stay under the amount you applied for. Does anyone know if this is correct. Also, from their support document this says you need to include shipping, so does that mean this is only for online, and not in store checkouts?
 
echopulse said:
From what I can tell this is going to be a new payment method(card) that you can choose when checking out, with a certain amount available to spend. So you can use it for multiple purchases as long as you stay under the amount you applied for. Does anyone know if this is correct. Also, from their support document this says you need to include shipping, so does that mean this is only for online, and not in store checkouts?
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Online only yes. not sure how many can be going at one time; PayPal allows 10 for comparison
 
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