Apple’s retail staff is reportedly testing its ‘buy now, pay later’ service

Apple has expanded the internal testing for its Pay service’s buy now, pay later feature to include its retail employees, according to Bloomberg. When the tech giant’s experimental features make their way to its retail staff, that’s typically a sign that it’s going to be released in the near future. Apple Store workers started testing the company’s credit card in 2019 a month before it became available, and staff at its HQ visitor center tested Tap to Pay shortly before the first partner companies like Square and PayPal launched support for the payment solution. 

The tech giant first announced the pay later functionality for Apple Pay at its WWDC event in June 2022. It was supposed to arrive alongside iOS 16, but the company changed its mind and rolled out the new mobile platform without the feature in tow. Bloomberg’s Mark Gurman reported at the time that the company was having “fairly significant technical and engineering challenges in rolling out the service,” which led to delays. 

When Apple introduced pay later, it said the payment option will give users a way to split the cost of purchases into four equal installments paid over six weeks with no additional interest or fees. Gurman now says that the company is also working with Goldman Sachs Group to offer an option that splits up the cost of large purchases into several months with interest on top. Seeing as the company even established its own subsidiary to conduct customer credit checks and approvals, it’s not hard to believe that it has plans to introduce more pay later options in the future. 

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