The WWDC 2022 event is over now. Apple showcased the latest iOS 16 update at the event. Also, Apple unveiled a flurry of new software features and services, including an updated iPhone lock screen, multitasking features, Apple pay-later service, and many more features. Apple has done something beyond our expectations at the event. Anyways, here, we will discuss the new Apple Pay-later service. What is the Apple Pay Later, and how to use this service on iPhone?
What is Apple Pay Later Service?
Apple released the Apple Pay Later service at WWDC 2022 and other new features. Apple Pay Later is a new update to the previous Apple Pay service. This feature will let users split the cost of a purchase over Apple Pay into four equal payments over six weeks without any interest or fine. The Apple Pay Later is included in the upcoming iOS 16 for iPhone and will be part of Apple Wallet. But, as of now, this service is not available for all countries except in some US-based cities. Yes, the first phase of the launch will be in the US in both apps and the web. Soon, this service will be available for all countries.
How can you use the Apple Pay Later service on your iPhone?
We have already told you how the Apple Pay Later works. Now, we will discuss how to use this service on your iPhone. Apple Pay Later is powered by the Mastercard network and will be available easily with no extra work from the developer or merchant side. According to Apple, the Apple Pay Later will include zero interest and no fees and will be available everywhere Apple Pay is accepted. Using Apple Pay Later will prompt you to authenticate your identity on your Apple device via Touch ID or Face ID. Once verified, it will ask you to either pay for your purchase in full or later.
Apple Pay Later will allow users to pay for instalments over six weeks starting with the first payment that will be made upfront. The other three payments will be spread over the next six weeks when you make one payment every two weeks. The Apple Wallet app manages all your upcoming payments. Nothing to worry about anything. The Apple Wallet lets you track what’s due and when. That’s how easy and effective the Apple Pay Later service is. This service will remove many online payment-related issues. Apple Pay Later makes it easy to view, track, and repay Apple Pay Later payments within Wallet.
The Apple Pay Later specifically might indeed be a handy feature to make payments over time. However, you should always make sure to use these services responsibly and not accrue debt simply because you can pay it off over time. Keep in mind that always pay your bills in full and on time. Anyways, that’s all for today. We will update all upcoming information. Feel free to ask in the comment section below if you have anything to ask.
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