Is Apple Pay a bank?

Apple Pay is a service provided by Apple Payments Services LLC, a subsidiary of Apple Inc. Neither Apple Inc. nor Apple Payments Services LLC is a bank. Any card used in Apple Pay is offered by the card issuer. Pay for your purchase with installments when you check out with Apple Pay and select the pay later option that works for you.

How do I pay a loan on Apple Pay?

Make sure your total purchase is between $50 and $1,000 and tap Continue. The Apple Pay screen should then give you the option to pay in full or pay later. Choose the Pay Later tab to use your loan to pay for the purchase in four installments. You will see how much money is due now and how much you will pay over the next six weeks.

How do I apply for Apple Pay installment plans?

When available, you can apply for an installment plan for your Apple Pay purchase from a supported installment provider at checkout. Tap the Apple Pay button or choose Apple Pay as your payment method. Tap Other Cards & Pay Later Options. If options are available, they'll be listed under Additional Pay Later options.