Apple Pay Now Lets You Pay Later With Synchrony [Updated x2]

[MacRumors]

Synchrony is now available as a buy-now, pay-later option when checking out with Apple Pay online and in apps on iPhone and iPad.

Synchrony was added to a list of Apple Pay installment providers in the U.S. in an Apple support document that was updated today, joining Affirm and Klarna. The addition was spotted by MacRumors contributor Aaron Perris.

iOS 18 and iPadOS 18 users can select "Other Cards & Pay Later Options" when checking out with Apple Pay to access payment plans available from Synchrony.

Apple discontinued its own buy-now, pay-later service called Apple Pay Later last year, and started partnering with third-party providers. Apple Pay Later let qualifying customers split a purchase made with Apple Pay into four equal payments over six weeks, with no interest or fees. Affirm, Klarna, and now Synchrony offer similar financing options.

Update: Apple removed Synchrony from the support document after we published. This integration is not yet live.

Update — January 16: The payment plans are now available.

Article Link: Apple Pay Now Lets You Pay Later With Synchrony [Updated x2]

 

[Mr. Heckles]

I can’t wait to see the posts “if you can’t afford it, you shouldn’t get it blah blah blah”

 

[macfacts]

Perfect service for apple users, users with no self control, buying outside their budget.

 

[Mr. Heckles]

Perfect service for apple users, users with no self control, buying outside their budget.

That comment didn’t take long.

 

[I7guy]

Perfect service for apple users, users with no self control, buying outside their budget.

Credit is king.

 

[amartinez1660]

I can’t wait to see the posts “if you can’t afford it, you shouldn’t get it blah blah blah”

Yeah, it still boggles why someone would rather pay, example, $500 today, instead of the same $500 in several weeks or months or sometimes even years (like Best Buy was giving 24 months interest free this Christmas).

Not only it’s the same price (even less if you take inflation into account), the cash flow is nice and tidy in due to the smaller payment chunks, and would be barely felt. For most, just skipping a few Starbucks coffees a month would take care of each monthly payment even.

People that are absolutists against cost free borrowing either know something I’m missing or just come off like judging others.

Ultimately, a phone or an iPad via some Pay Later service won’t make anybody poor… the top causes of poverty in the 21st century [are things that I edited out as they are deemed ‘harsh’]

The main reasons I see to pay it off right away is that finances are so big, that buying an iPad feels like buying chewing gum (we never finance chewing gum even if at 0% don’t wee) or just to cross it off from mental TODO lists.

EDIT: controversial remarks edited, avoiding usual shoot the messenger habits.
Massaged text a bit here and there.

 

[macfacts]

Credit is king.

You still have to pay it off next month, unless you think doing the minimum payment is ok. If you are paying it off next month, why not just wait 1 month to buy whatever.

 

[amartinez1660]

You still have to pay it off next month, unless you think doing the minimum payment is ok. If you are paying it off next month, why not just wait 1 month to buy whatever.

But in that case, if it is needed in a month, would rather still pay a month after that anyways. And some payment card offers split it in 3-months or 6-months or sometimes even 24 months all at 0% interest.

And also, time sensitive deals, got a clear example: this December got an iPad.

It was at $1099 down from $1299. There was a fresh open box around that brought it to $1050, Apple Care still valid for purchase and all.
Pencil Pro it was at $100 down from $130
Same with Magic Keyboard, from $350 down to I forget, $320 I believe.

If I opened a credit card with them it would further add 20% discount on top (quite crazy).

Plus a trade-in of $485 of a previous iPad M1 I had, not that amazing but convenient.

A lot of those deals do come back not long after, by New Year’s Eve likely, but rarely all of the items at the same time. Trade-In loses value over time and the 20% discount was definitely a one time one purchase only offer up until December 24th.

The main drawback, economically, is that it’s inflationary… since it makes it easier to buy products, people are buying more and likely willing to pay more than usual.