Apple Reportedly Planning Pay Later Service

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Apple Reportedly Planning Pay Later Service

Bloomberg Wealth reports that the service, internally referred to as “Apple Pay Later,” will use Apple Card partner Goldman Sachs as the lender for the proposed installment plan. As of now, the service is expected to offer Apple Pay users the option to pay overtime at the point of sale. They’ll have the choice of making a total of four payments once every two weeks with no interest or more payments over several months with interest.

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It appears the service will be available for purchases made in retail and online stores that accept Apple Pay, with users able to select any of their credit cards to make payments.

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