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Apple joins interest-free payment craze with Pay Later

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buy now pay lateris a concept that has been around for decades. But these installments always brought interest.

Recently, we have seen platforms such as Amazon, PayPal and other fintech companies offering a new possibility of deferred payment by 4 times, without commissions and interest.

The concept was a complete success, so now Apple is joining the new shopping trend, Apple Pay Later, your deferred payment servicewhich seems like it will only be available in the United States for now.

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FROM Apple Pay Laterthe user has the option divide the purchase payment into four parts. The first is paid instantly, and the rest in installments, which can be weekly, bi-weekly or monthly.

Operation It has no commissions or interest. Simply split your purchase into four payments and that’s what you pay. This is the same system that Amazon uses, with purchases starting at €75, though it doesn’t offer it for all products.

PayPal recently launched “Pay in 3 installments without interest”, which works the same way, but instead of 4 installments, there are 3 installments. Also, there are no commissions or interest. In this case, there is no minimum purchase, you can get by with simple purchases.

Apple didn’t explain too many details Apple Pay Later. We don’t know if there will be a minimum quantity, but Yes, it will check your accountbefore granting you a reprieve. If you have debts or are on the defaulting list, no deferment will be granted.

These interest-free deferred payments were a great successbecause many people are calling to buy relatively expensive goods, from mobile phones to smart watches or even TVs, postponing payments 4 times, without additional costs.

Not surprisingly, Apple decided to adapt it to its payment platform. Surely Google and other companies will follow in their footsteps.

Source: Computer Hoy

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I am Bret Jackson, a professional journalist and author for Gadget Onus, where I specialize in writing about the gaming industry. With over 6 years of experience in my field, I have built up an extensive portfolio that ranges from reviews to interviews with top figures within the industry. My work has been featured on various news sites, providing readers with insightful analysis regarding the current state of gaming culture.

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