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Google PlayOn Tuesday, Apple announced the introduction of Apple Pay Later, which gives users the option to split purchases into four payments.
As detailed in a post on Apple’s Newsroom, the new feature lets users choose the option to split payments that total $50 to $1,000 into four over the course of six weeks. It can be used for online or in-app purchases with retailers who accept Apple Pay across both iPhone and iPad, and will be available for select users before being made eligible to all eligible users later down the line.
Credit cards are not accepted, and users will need to link a debit card to repay the loans, which will be taken automatically in the three installments that follow the initial purchase.
