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To buy now, paying for the later app, Apple Pay later allowed consumers to split their purchases from retailer partnerships into four equal installments. We also reported the loan details, including repayment history, to the credit department.
However, Apple reduced this feature in June 2024. If it becomes unavailable, consider some reliable options instead.
Three alternatives to Apple Pay will be available later
If you’re a fan of Apple’s later features, you might be disappointed with its ending. The advantage is that it is feasible Alternatives for BNPL It’s worth considering. You can use Sezul, PayPal, or affirmations to make your purchases more manageable.
|
Sezul |
PayPal |
positive |
|
|
Bankrate score |
5.0 |
4.7 |
4.8 |
|
Loan amount |
Up to $15,000 |
$30- $10,000 |
Starting at $50 |
|
April |
0%-34.99% |
0%-35.99% |
0%-36% |
|
Terminology length |
2 weeks to 48 months |
6 weeks to 24 months |
6 weeks to 48 months |
|
Fee |
Late paymentsfIllness payment and rRegression fee |
Not applicable |
Not applicable |
learn more: Buy Now Trends, Pay Later
1. Sezul
Sezul This is a BNPL app that allows you to install in-store or online purchases from participating retailers. If you choose Pay with two options, you will pay half of the purchase and the other half in two weeks. The 4 option payment splits the purchase into four equal payments over a six-week period. In any case, you will not pay interest.
You can also choose a monthly installment plan. This allows you to repay Sezul on a maximum of 48 months. This includes interest payments and the fee can reach 34.99%, but some of the appropriate borrowers are eligible for a 0% APR.
Sezul’s repayment options are similar to those offered by Apple. If you can pay in two or four installments, you will avoid interest and receive a high funding limit of $2,500. If you choose to pay in monthly installments, the maximum amount you can fund is the generous $15,000.
2. Paypal
PayPal It also offers you the option to buy now and pay later for 4, and pay monthly plans. Payment is available for four people to purchase between $30 and $1,500. Like other BNPL apps, you will need a down payment at the point of sale, followed by three interest-free payments.
If you need more purchasing power, Pay Monthly Plan can help you purchase between $49 and $10,000. The repayment period is 24 months and the loan amount is eligible for an APR of 9.95-35.99%.
Unfortunately, PayPal doesn’t offer as wiggle rooms as wiggle in terms of maximum loan amount and duration. Still, you can avoid interest by paying off your balance within the six-week window. Get access to PayPal purchase protection.
3. positive
positive Another BNPL option with two payment plans. You can choose from four equal payments or choose monthly installments. Like other Apple Pay alternatives, later purchases can be split into bi-weekly payments without taking on interest. Some borrowers may need to pay a down payment, but if they are eligible, they can pay $0.
Monthly installment options are for purchases of up to $5,000 over a period of three months to five years. Access to this plan requires a soft credit check, with a maximum APR of 36%. This is similar to Personal loan feesPersonal loans require a hard credit check.
Depending on your credit profile, you can get more borrowing power with Sezul or PayPal. Still, it’s worth affirming, as I skipped mainly the troublesome late payments and returned the payment penalties I found on many other BNPL apps.
Why did Apple Pay stop the BNPL service?
Apple stopped offering BNPL services in the summer of 2024, but did not explain why it chose to suspend the program. If you have an existing BNPL loan using Apple, you can access and manage it in detail through your Apple wallet.
The tech giant has stopped offering BNPL products, but shoppers with Apple cards in their wallets have access to interest-free installments on Apple products.
