Apple introduces "Pay Later" service for seamless payments.

Apple Pay Later is a new service that allows users to make purchases and pay for them later in four equal installments every two weeks. While it is interest-free and does not require a credit application, users are only financing 75% of the cost, have a credit period of six weeks, and can only finance up to $1,000. Additionally, users do not receive any rewards, unlike credit or charge cards. While it may be a better option for those who carry a balance on their credit card or cannot get other credit, it is not risk-free and should only be used if users can comfortably afford the repayments.