Synchrony Pay ⁢Later: A New Option for Apple Pay Users

Synchrony Pay ‍Later now offers installment options through⁤ Apple Pay.

With⁤ the introduction‌ of Synchrony Pay Later, ​Apple Pay users can ⁤soon enjoy the convenience of making purchases in installments.

Competing Services in the Market

This new offering by ⁤Synchrony positions it⁣ alongside‌ established players like Affirm and Klarna, both⁤ widely recognized for their ‍buy-now, pay-later solutions integrated within Apple Pay.⁣ This shift comes ​after Apple’s ‌decision to phase out its own pay-later service, which was ​officially discontinued in 2024.

Integration with Apple Payment ⁤Systems

Recently discovered by MacRumors, Synchrony’s inclusion on‌ the Apple support page highlights its eligibility for installment payments. Customers should ‌expect to ⁣see Synchrony’s service listed under “Other Cards & Pay Later Options” during transaction ‍checkouts utilizing Apple Pay.

The Evolution of Digital Transactions

Launched way back ⁢in 2014, ​Apple Pay revolutionized⁤ digital transactions by ‍allowing users to make payments ⁤directly via their iPhones without needing‍ a physical ‌payment card. This capability has significantly ‌boosted convenience for consumers accustomed to ‍modern payment methods.

Reasons Behind Apple’s Strategic Shift

Although Apple’s vision for a‌ seamless pay-later‍ option was grand, they ultimately opted⁢ not to continue backing⁤ this‌ financing approach‍ themselves. The⁣ reason behind this pivot remains somewhat ambiguous but appears ‍linked to ‍financial considerations ‍rather than operational capabilities.

Simplifying Installment Purchases Through Third Parties

As a result of ‌Apple’s strategy​ change, ​services⁤ like Synchrony facilitate ‍splitting purchases made through Apple Pay into ‍manageable monthly installments—akin to‌ what was previously offered by Apple’s own​ solution. However, new users may have to apply directly ‌with these third-party providers instead‌ of seamlessly accessing an integrated feature via their existing Apple ‌Card ⁢accounts.

The Future Availability of Synchrony’s⁣ Service

Currently, as of publication time, synchronization’s‌ pay-later ⁢functionality is not ⁢yet visible within the interfaces of Apple‌ Wallet or at checkout ​points. Its presence on Apple’s support documentation hints that accessibility is imminent ⁤and ​should be anticipated‌ shortly.