How to set up Apple Pay Later on iPhone?

Did you know that you can now set up Apple Pay Later on your iPhone? With this new feature, users can conveniently make purchases and divide their payments over time. Setting up Apple Pay Later is quick and easy, and it works similarly to other popular payment apps such as Affirm or Klarna. Here's a step-by-step guide on how to get started:

1. Open your Wallet app: To begin, locate and open your Wallet app on your iPhone.
2. Tap on the plus icon: Once you have opened the app, look for the plus icon located in the top right corner of the screen. Tap on it to proceed.
3. Choose Apple Pay Later: After tapping the plus icon, you will see a list of available options. Look for Apple Pay Later and select it.
4. Continue and request an amount: Upon selecting Apple Pay Later, tap the "Continue" button. You will then be prompted to request an amount to spend. You can choose an amount between $75 and $1,000.
5. Check your eligibility: After entering the desired amount, you can check your eligibility for Apple Pay Later. The process of checking eligibility does not impact your credit score.
6. Provide basic information: If you are eligible, you will need to provide some basic information to complete your application. This information will be used to determine if you are approved.
7. Shop and check out with Apple Pay: Once you are approved, you can start shopping and checking out using Apple Pay. This feature is available both online and in apps where Apple Pay is accepted.
8. Tap "Next" and request a payment plan: After selecting your desired items, tap "Next." You can then request a payment plan that suits your needs. For example, if your purchase is $100, you can choose to pay it off in four interest-free payments of $25 each, spaced two weeks apart.
9. Verify your personal details: To finalize your Apple Pay Later setup, you will need to verify your legal name, date of birth, and phone number. This information will be automatically fetched from your Apple ID.

It's important to note that Apple Pay Later may only work with certain Apple IDs and devices. If you're interested in using this service, give it a try and see if it's available for you. Apple seems to be entering the market to compete with existing payment apps like Klarna, bringing more convenience and flexibility to iPhone users.

Setting up Apple Pay Later can provide a convenient way to make purchases without having to pay the full amount upfront. With its interest-free payment plans, it offers more financial flexibility for users. So, if you are an iPhone user and want to take advantage of this new feature, give Apple Pay Later a try and enjoy a seamless and flexible payment experience.