Apple Pay Now Offers Monthly Payment Plans From Synchrony

Synchrony is now available as a buy-now, pay-later option when checking out with Apple Pay online and in apps on iPhone and iPad. To access this feature, users need a Synchrony Mastercard, which can be added to the Apple Wallet app. iPhone and iPad users running iOS 18 or iPadOS 18 can select from fixed monthly payment options during the Apple Pay checkout process. The "Pay Later" option will appear during checkout, allowing users to access payment plans from Synchrony. Eligible cards include the Synchrony Preferred Mastercard, Synchrony Plus World Mastercard, and Synchrony Premier World Mastercard. Synchrony will also allow users to view and redeem rewards from eligible cards when checking out with Apple Pay online and in apps on iPhone and iPad, starting later this year. Apple previously discontinued its own buy-now, pay-later service, Apple Pay Later, and has since partnered with third-party providers like Affirm, Klarna, and Synchrony. These services offer similar financing options, allowing customers to split purchases into multiple payments with no interest or fees. Apple Pay Later allowed qualifying customers to split a purchase into four equal payments over six weeks. The new partnership with Synchrony expands the financing options available to Apple Pay users.