The post talks about the current scenario where Apple Confirms Ceasing the Pay Later Service, and the new installment program.

Highlights

• The pay-later services will be canceled in the future, confirms Apple. The company revealed the news only after a few months of its launch.
• Apple is planning to introduce a new loan installment program where the buyers can pay the amount in installments.
• The news that Apple Confirms Ceasing the Pay Later Service has raised many questions among existing users.
• The users will get easy access to make payments for their devices easily. They can proceed for payment with their debit and credit cards or any other payment option.

Apple Confirms Ceasing the Pay Later Service

Apple said in a statement that the company is heading towards the closure of previous services. Users can also pay using Apple Pay. The company confirmed in a press release that they will choose this loan installment method as it has more flexibility.

Apple Pay Letter was put to use in March of last year. The users made payments in 6 weeks without any interest.

The feature enabled users to purchase the device first and pay in 4 installments afterward. But now, the service has been removed, and the buyers can buy the device by making early installment payments.

Apple Intends on a New Loan Program

The new loan program by Apple, also known as the global installment loan program, will be introduced soon. In this loan program, the users will be able to pay their loans for their devices using their debit and credit cards. They can also pay the landers using Apple Pay.

However, installment loan programs will be introduced in the United Kingdom. Several banks, such as HSBC and Monzo, are collaborating with Apple to introduce their new installment program. The latest installment loan feature will be added as soon as Apple rolls out updates on iOS 18.

The latest iOS 18 update is going to be released in September, and the new loan program will be launched only after the update. The company said that they came to provide customers with easy access to their payments. The new loan program will bring flexibility in payments.

Will the existing buyers with the program be affected?

Many questions have been raised by the existing users about whether they will be affected by the new loan program. Many repurchased the device using the old payusingater program, and they are confused about the clarification on recent changes.

However, the existing users need not worry. Moreover, the company has said that it will not provide any new loans under the old scheme. So, the users already paying under the Pay Later program will continue to do so.

Earlier, Apple allowed its users to purchase the device through the loans that the company issued. Now, users can easily make their purchases through their own credit and debit cards or any other payment options available and can purchase their new device.

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Conclusion

The information about Apple seizing the past services of pay later confused customers and caused them to need clarification about their existing payments. However, the company has kept everything in mind and has issued the new feature for the new buyers. Apple Confirms Ceasing the Pay Later Service has been launched keeping in mind the requirements of the buyers. If you wish to get more such news, subscribe to our website, Financereview.org.