The Apple Pay Later feature is a great way to get the things you want without having to pay for them right away. This is especially useful when you see something you want but don’t have enough money to get it at that moment.

Apple Pay is an awesome service that lets you pay for your purchases with your phone. It’s super convenient and easy to use, but did you know Apple is introducing a new feature that allows you to buy something now and Pay Later in the iOS 16 update? It’s called “Apple Pay Later.”

Essentially, the Apple Buy Now Pay Later feature on the iPhone lets you make a purchase and then pay off that purchase over time in six-week installments. It’s kind of like buying something on layaway, except that you never have to go back to the store or wait until you have enough money to pay off the balance before getting your item.

Apple Buy Now Pay Later

Rumors have been going around since July of last year that Apple has been working on this Buy Now, Pay Later iPhone feature. However, there’s a slight difference between what the rumor stated and the reality right now. Initially, the rumors stated that Apple would bring this feature, but for such installments, interest would be added. However, from what was revealed by Apple at WWDC on Monday, it seems there won’t be any interest or fees to use these features. You will just have to complete your payment within six weeks, basically. This makes Apple a standout in the BNPL (Buy Now Pay Later) market, since most companies that offer this service require an interest from you. 

What does the Apple Pay Later feature imply for you? 

Well, if you’re someone who struggles with budgeting or saving up for big purchases like TVs or laptops, this is definitely an exciting development. You can finally buy those things without having to worry about saving up all at once. And if you’re someone who just wants more control over your finances and how much debt you accrue each month, this feature will help keep things balanced by giving you something else tangible than just an abstract number in your bank account.

How does the Apple Buy Now Pay Later feature work?

Apple Pay is the latest and greatest way to pay for your purchases with your iPhone. But what if you want to buy something and pay for it later? With Apple Pay Later, you can do just that. Here’s how it works.

First, when you go to make a purchase at a participating store using your Apple Pay, you’ll see an option for Apple Pay Later at checkout. You would have to apply in order to use the feature. Once your application has been reviewed and approved, you can go ahead and make your first installment. This is how it works: the Apple Buy Now and Pay Later feature allows you to pay in installments over a period of six weeks. 

So let’s say, for example, you have a total payment of $200. At checkout, you will have to use your debit card to pay your first installment, which will be $50. After this, in the next two weeks from your time of checkout, you will be reminded by Apple to make your next installment of $50. The same goes for the two weeks after that, in which you will have to pay another $50, and the following two weeks, your final $50. This sums up the total of $200 in the space of six weeks, all with no interest or fees included. The good thing about this is that you can pay upfront at any time within the six weeks required. Apple will also provide tracking abilities within the Apple Wallet that allow you to track your orders all through the process. Users are also advised to use this feature with caution so you don’t incur debts you can’t pay at the end of the day. 


Apple Pay is one of the most convenient payment methods on the market, but it has its drawbacks. If you want to buy something with Apple Pay and you don’t have enough money in your account for it, what do you do? Well, that’s where the Apple Pay Later feature comes into play.