Apple announced during WWDC 2022, a technology event held annually by the North American giant, a new payment method that allows users of the company’s digital wallet to split purchases in up to four equal payments spread over up to six weeks.
Although payment in installments is common in Brazil, in the United States this practicality is not popular and comes as an “innovation” under the “Apple Pay Later” feature, allowing you to split the total amount of the order. adding the interest imposed by the company on the financing.
According to information from The Wall Street Journal, the Cupertino giant intends to impose some limitations on the installment feature in order to avoid possible user fraud, such as maximum loan of US$1,000 (~R$5,100) per transaction and use of the information registered in the Apple ID to validate the order.
As in Brazil, customers interested in using the pay later benefit will have their score evaluated by the company so that the total amount of the loan is defined. If so, you will need to link data from a debit card or bank account for the installments to be automatically cleared on the chosen day.
These fraud limitations could be expanded in the future if Apple deems it necessary, however, for now there are not many details on what to expect from Pay Later.
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