Apple Pay Later is finally available in the US, but only with an invite

It took nearly a year, but Apple's pay-over-time system is here. The company has launched Apple Pay Later for US customers in a "prerelease" version that requires an invitation. If you're included, you can split your online Apple Pay purchases (made with an iPhone or iPad) into as many as four payments spread over six weeks. You can't apply for loans larger than $1,000 and have to link a debit card, but there are no fees or interest payments. This also won't hurt your credit score, and Apple says it won't share data with third-party marketers.

Apple Pay Later is part of the Wallet app in iOS 16.4 and iPadOS 16.4, and includes a calendar to help you track your next instalment. You'll also get app-based and email notifications for looming payments to be sure you're on time.