Apple's pay later approvals did not go as planned
Apple has offered a new buy now pay later feature but it looks like there can be some conditions.
Apple's Buy Now Pay Later feature might depend on some conditions that not everyone will like. According to Bloomberg's Mark Gurman, Apple will base the amount it lends you for its new "buy now, pay later" service on your past purchases and spending patterns. The tech company apparently plans to assess your eligibility based on your App Store purchases, retail store purchases, and even peer-to-peer transfers you've done using Apple Cash.
Apple's pay later approvals did not go as planned
According to reports, the amount the business will loan you will depend on your credit history, whether you've already applied for an Apple Card, and your purchasing patterns with any other cards connected to Apple Pay. According to Bloomberg, the business will also take into account the Apple products you currently own.
Having some sort of conditions for the feature might effect users' ideas on the subject. Apple apparently granted access to the function to its shop staff so they could test it out by making their own purchases. Gurman claims in his most recent report that testers had observed loan approvals for as much as $1,000.
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