Apple Pay Later is now available in the US for some users

Apple Pay Later has officially launched for some users in the US. Apple has not announced any major changes to the service since its original unveiling last year. Apple Pay Later was touted as a service that would allow users to split purchases into four equal installments over six weeks. The US version of the service appears to be identical to the original announcement.<br><br>Apple Pay Later appears to have been quietly rolled out to users. The service has not been officially announced by Apple, and it is unclear how widespread the rollout is. Access to the service is currently reserved for some Apple Card users, but it will likely be expanded to all Apple users in the future.<br><br>There are no interest charges or fees, but you’ll be required to make a down payment. The remaining three installments will need to be paid every two weeks. This means that you have six weeks to pay off the debt in total. According to MacRumors, you can even pay off the installment plan early if you’d like.<br><br>A longer repayment period was also briefly mentioned by The Verge. Transunion will be used to run a soft credit check before you can use Apple Pay Later for the first time. In terms of limits, Apple didn’t provide a fixed number. Limits will be determined by TransUnion, based on your credit score.<br><br>When the service was first announced last year, it was met with backlash. Many users were upset that the installment period was so short, with the six-week installment period paling in comparison to the three-month installment periods offered by other services. The required down payment was also a major point of contention for some users.<br><br>Via u/throwra_19996a35r6<br><br>Edit: clarified usage of a hard inquiry vs soft inquiry in the post based on information provided from u/Androponent