The "buy now, pay later" concept is reportedly being tested by Apple's retail staff

The “buy now, pay later” concept is reportedly being tested by Apple’s retail staff

When Apple launched pay later, it said that the payment option would allow consumers to divide the cost of goods into four equal payments paid over six weeks with no added interest or fees. Gurman now claims that the business is now collaborating with Goldman Sachs Group to create a payment plan that spreads the expense of significant purchases over many months, with interest added on top. Given that the corporation has even formed its own subsidiary to undertake consumer credit checks and approvals, it’s not surprising that it intends to provide additional pay later choices in the future.