Why is Apple Pay later not showing up?

Apple Pay Later: Gone, But Not Forgotten (How to Manage Your Existing Loans)

Apple Pay Later, the buy-now-pay-later (BNPL) service integrated directly into Apple Wallet, is no longer available. If you’re wondering why you can’t see it, the simple answer is that Apple has discontinued the service. This means that new loan applications are permanently closed, and the feature itself is slated for removal.

This decision, while surprising to many users, marks the end of Apple’s foray into the competitive BNPL market. While Apple hasn’t publicly detailed the reasons behind the discontinuation, speculation points to a combination of factors, potentially including lower-than-expected adoption rates, challenges in managing loan defaults, and perhaps a strategic realignment of Apple’s financial services initiatives.

What this means for you:

• No new loans: You can no longer apply for an Apple Pay Later loan. The option will be completely absent from the Wallet app.
• Existing loans: If you currently have an active Apple Pay Later loan, it’s crucial to understand how to manage it. The loan itself is not being cancelled, but access to it within the Wallet app will be removed with the release of iOS 18.
• Loss of Wallet access: With the iOS 18 update, the associated Apple Pay Later card will be removed from your Wallet. This doesn’t affect your loan repayment obligation, but it means you’ll need to use alternative methods to track and manage your loan.

Managing your existing Apple Pay Later loan:

Apple has not yet released comprehensive details on how to manage existing loans post-iOS 18. However, expect communication directly from Apple via email or potentially through a dedicated webpage outlining the next steps. This communication will likely detail:

• A new platform or website: Apple will likely direct users to an external platform or webpage to manage their outstanding loans, including making payments and viewing statements.
• Contact information: Clear contact information will be provided for customer service related to existing loans.

What to do now:

• Check your email: Keep an eye out for emails from Apple regarding your Apple Pay Later loan and the transition to the new management system.
• Prepare for the iOS 18 update: Be aware that the Apple Pay Later card will be removed with this update. Ensure you have all necessary information regarding your loan before the update is installed.
• Be patient: Allow time for Apple to communicate the specific procedures for managing your loan outside of the Wallet app.

The discontinuation of Apple Pay Later is a significant development. While inconvenient, it’s crucial to remain proactive in managing your existing loans and awaiting further instructions from Apple regarding the transition process. By staying informed and following Apple’s guidance, you can ensure a smooth transition and continue to repay your loan as agreed.