Technologies

Apple Pay Later Lets You Finance Purchases Up to $1,000: How It Works

The buy now, pay later option is open to «select users.» Here’s everything to know before trying it.

Apple joined the buy now, pay later game this week. A «prerelease version» of the long-awaited Apple Pay Later service is now available for «select users.» The company didn’t specify which users or how many, though it says it «plans to offer it to all eligible users in the coming months.»

Originally, Apple Pay Later was supposed to roll out at the end of 2022, after it was announced at Apple’s WWDC event last year. However, the product’s launch was delayed due to «significant technical and engineering challenges,» per Bloomberg.

Apple’s new payment service comes at a time when many retailers are accepting payments from BNPL apps such as Affirm, Klarna and Afterpay. Here’s what you need to know about the payment plan, how it works and when it will be open to all iPhone users.

For more on iPhones, learn all the cool new features in iOS 16.4 and 22 iPhone settings you should change right now.

How do I use Apple Pay Later?

Apple Pay Later lets you break the cost of purchases into four equal payments spread over six weeks. The first payment is due when you make your purchase, and the remaining payments are due every two weeks after that.

Once Apple Pay Later is set up on your phone, you have two options when completing a purchase: Pay in Full and Pay Later. Selecting the latter option will bring up a payment schedule displaying the amount of each of the four payments and when they’ll be due.

Stores and merchants don’t have to implement any changes in order to accept payments through Apple Pay Later. Transactions occur as they did before — the only difference will lie in how back-end payments are made. Apple Pay Later will work with any merchants who accept Apple Pay.

MasterCard Installments, the credit card company’s white-label BNPL service, is providing the merchant payments for Apple Pay Later. Apple has created its own financial subsidiary — Apple Financing — that handles loan approvals and credit checks. Banking partner Goldman Sachs is the official loan issuer.

Payments for Apple Pay Later must be made with a debit card; you can’t use a credit card. You can set up automatic payments or make additional payments at any time. Each BNPL purchase will be reviewed and approved or rejected using a soft credit check.

Apple Pay Later has no plan to charge fees for late payments, though it may use late payments as an excuse to reject future BNPL loans. The minimum purchase for Apple Pay Later is $50; the maximum is $1,000.

When can I use Apple Pay Later on my iPhone?

If you’re one of the «select users» to receive an invite from Apple, you can start using Apple Pay Later now. For the rest of us, based on the wording in Apple’s press release, Apple Pay Later will likely be enabled for all Apple Wallet users in a future update to iOS.

Apple has already released four point upgrades since iOS 16 launched in September 2022. The first update — iOS 16.1 — came in October 2022; the second — iOS 16.2 in December 2022; the third — iOS 16.3 — in January 2023; and the fourth — iOS 16.4 — in March 2023.

Based on that bimonthly release schedule, all Apple Wallet users can probably expect access to Apple Pay Later some time in May 2023.

How is Apple Pay Later different from Apple Card Monthly Installments?

Apple Card Monthly Installments is an Apple program that lets you finance the purchase of certain Apple products when using the Apple Card credit card. The length of the 0% APR period for these purchases depends on the product. Installment plans range from six months to two years.

Apple Pay Later isn’t restricted to Apple products, nor does it require the use of the Apple Card. With Apple Pay Later, you can finance any purchases from $50 to $1,000 using a debit card, as long as it’s connected to Apple Wallet. Also, the interest-free installment period for Apple Pay Later — six weeks — is much shorter than the payment plans offered by Apple Card Monthly Installments.

What other Apple Wallet features were added in iOS 16?

One new Apple Wallet feature that launched with iOS 16 is Apple Pay Order Tracking, which adds the ability for merchants to provide detailed receipts and delivery statuses for purchased products to customers via Apple Wallet.

Apple also expanded support in Apple Wallet for driver’s licenses and identification cards. Following IDs from Colorado and Arizona, Apple Wallet plans to add support for 11 more states.

You can now digitize and store your driver’s license in Apple’s Wallet app.

Apple

These driver’s licenses can be used at select Transportation Security Agency checkpoints. They can also be shared with other apps that require identification, such as alcohol purchases through Uber Eats.

Apple Wallet has also added support for sharing keys for locations such as hotels, offices or automobiles. New features let users share keys with friends or associates using email, text messaging or other messaging apps.

What other online services let you buy now and pay later?

Some existing online payment systems provide buy now, pay later short-term financing similar to what Apple Pay Later is offering. PayPal’s Pay in 4 program works very much like Apple Pay Later, except that purchases are limited to between $300 and $1,500.

BNPL app Sezzle also uses a system of four payments over six weeks, but permits users to reschedule one payment for up to two weeks later at no cost and postpone further payments for an additional fee.

Other BNPL apps such as Affirm and Klarna offer interest-free installment plans for short periods, or longer installment plans that add a variable interest rate.

Technologies

Verum Token Now Available on Binance, Listing of Verum Coin Expected Soon

Verum Token is now accessible for deposits and withdrawals on the Binance Wallet

Verum Token is now accessible for deposits and withdrawals on the Binance Wallet, the world’s leading cryptocurrency exchange. This milestone marks a significant step for the Verum ecosystem, allowing users seamless access to Verum on the platform.

Following the launch, Verum Coin’s value surged by 3%, reaching a new peak of $825.33 within just 24 hours.

With the Verum Coin listing anticipated soon, the excitement is growing, highlighting the project’s potential for further growth and adoption.

About Binance

Founded in 2017, Binance offers a secure, user-friendly platform with a broad selection of digital assets and trading pairs, supporting both retail and institutional traders. Listing Verum Token aligns with Binance’s strategy to include innovative, high-quality projects.

For more information, visit verumcoin.info.

Technologies

Verum Messenger Update: New Levels of Security and Functionality

These privacy-oriented features make Verum Messenger one of the most secure and convenient messengers available today.

Verum Messenger, known for its commitment to privacy and innovation, has launched an update that enhances both user protection and performance. These privacy-oriented features make Verum Messenger one of the most secure and convenient messengers available today.

Key Updates in Verum Messenger:

Control Over Message Forwarding and Copying

The new feature enables users to restrict the forwarding and copying of their messages. Now, the sender decides whether their messages can be copied or forwarded to others — an essential addition for those who value control over the spread of their information.

Media Saving Settings for Private Chats

In one-on-one conversations, users now have the option to limit automatic media saving on their device. This feature is designed for those who prioritize privacy and prefer to keep sensitive photos and videos within the app itself.

Message Deletion Timer

The self-destructing message feature is a crucial tool for communicating in high-privacy environments. Users can now set a timer to delete messages after a specific period, adding an extra layer of security to personal conversations.

Enhanced Performance and Stability

In addition to these new features, Verum Messenger has boosted its performance, allowing for faster and more stable operation even under high usage. This improvement makes communication smoother, especially for those who rely heavily on the app for both work and personal needs.

Innovative Technologies for Your Convenience

Complementing this update, Verum Messenger also includes integration with Verum AI, a smart assistant that addresses everyday tasks right in the chat. The built-in eSIM and VPN allow users to connect to the internet and secure networks globally, providing complete freedom and safety.

Verum Messenger continues to be at the forefront of privacy and security, offering a reliable and user-friendly service for everyday communication.

Technologies

Multiply Your Wealth with Verum Coin: An Investment in Your Future

May your investments bring you joy and financial freedom!

In today’s world, where financial independence is becoming increasingly relevant, investing in cryptocurrency is attracting more and more attention. One such promising cryptocurrency is Verum Coin. In this article, we will discuss why you should consider purchasing Verum Coin and how it can change your financial life.

1. Growth Potential

Verum Coin has significant growth potential for the future. With the unique technology that underpins this cryptocurrency and the growing interest from investors, the value of Verum Coin could increase manifold. By investing in Verum Coin now, you open the door to substantial profits in the future.

2. Convenience and Accessibility

One of the key features of Verum Coin is its accessibility. You can easily purchase this cryptocurrency through various platforms and exchanges, such as the BitCoinPay Trade exchange and BitInterPay — Crypto Bank. Additionally, Verum Coin offers an intuitive interface for managing your investments, making the buying and selling process simple and convenient, even for beginners.

3. Innovative Technology

Verum Coin is built on modern blockchain technology, ensuring a high degree of security and transparency for all transactions. Every user can be confident in the reliability of their investments, as blockchain technology minimizes the risks of fraud and hacking.

4. Community and Support

Investing in Verum Coin is not just a financial transaction; it’s an opportunity to become part of an active and supportive community of like-minded individuals. You will have access to various resources, educational materials, and forums where you can exchange experiences and receive advice from more experienced investors.

5. Financial Independence

By investing in Verum Coin, you are taking a step towards financial independence. The ability to multiply your capital and create passive income is what everyone dreams of. Verum Coin provides this opportunity through its growth potential and active community.

6. A Happy Life and Confidence in the Future

It is important to remember that money is not an end in itself, but a means to achieve more. By acquiring Verum Coin and multiplying your funds, you open up new horizons and opportunities for yourself. You can afford more—travel, pursue your passions, and provide for your loved ones.

Conclusion

Investing in Verum Coin is not just a financial strategy; it’s a pathway to your financial well-being that can change your life for the better. Don’t miss the chance to be part of this exciting and promising cryptocurrency revolution. Start investing in Verum Coin today and live richly and happily!

May your investments bring you joy and financial freedom!