Using Apple Pay Later is hassle-free if you own a newer iPhone or iPad. When making a purchase, simply choose the Pay Later option instead of paying in full. After the purchase, you can opt to have the payments automatically debited or make manual installments at your own pace. Apple assures users that applying for this financial service will not impact their credit scores, and the approval process is quick.

In terms of security, Apple promises that your spending history, loan details, and credit information will not be shared or sold to merchants or marketers. To be eligible for Apple Pay Later, you need to be at least 18 years old, have an active Apple Pay account with a linked banking card, provide legal identity proof, and have two-factor authentication enabled for transaction verification. This service is available for all online storefronts and in-app payments. However, if your account balance falls below the minimum installment amount and you are unable to pay on time, your banking institution may charge additional fees.