Apple just launched its own buy now, pay later service—here’s how it compares with Affirm, Afterpay, Klarna and PayPal
Publishing timestamp: 2023-03-30 15:40:32
Summary
Apple has launched a new service called Apple Pay Later, which allows users to split purchases into four interest-free payments paid over six weeks without additional fees. Users can apply for a loan between $50 and $1000 before making a purchase, and a soft credit check is conducted to ensure they are in a good financial position before taking on the loan. Purchases using the service will be authenticated using Face ID, Touch ID, or passcode. Apple Pay Later joins other popular BNPL services such as Affirm, Afterpay, Klarna, and PayPal's "Pay in 4" option.
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Keywords: apple inc, personal finance, personal debt, consumer spending, paypal holdings inc,
Source: https://www.cnbc.com/2023/03/30/how-apple-pay-later-compares-with-affirm-afterpay-klarna-paypal.html