If you have made any online purchases recently, chances are you have come across such services Confirm i PayPal payment for 4. They allow you to buy something and later pay by dividing the total cost of the item into several installments. By the looks of things, Apple could soon offer a similar option to Apple Pay users. According to , the company is partnering with Goldman Sachs on a service called “Apple Pay Later” that will allow those who have their devices to settle purchases over time, including those they make in physical stores.
When you use the service, the sales unit says that you will have two ways to pay for the purchase. If you select the “Apple Pay in 4” option, you will need to make four interest-free payments over two months. Another option is to extend the payment period to more months, although in that case interest is possible. Bloomberg says he could not determine how much interest Apple plans to charge or when the company will introduce the service.
We have invited Apple to comment on the report and we will update this article when we hear from the company. But in many ways, Apple Pay Later sounds like a logical extension of what the company is already doing with the Apple Card, where one of the benefits it offers installment plans for buying Mac and iPad devices.
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