Now you can finance an Apple purchase over time with PayBright in Canada
Apple’s new funding partnership with Affirm has officially launched in Canada.
Earlier today, Mark Gurman, who initially reported on the new partnership last week, posted on Twitter that the new financing option has started to appear for customers shopping at the country’s online Apple Store. .
Apple’s new partnership with Affirm’s PayBright comes in the form of a new “Buy Now, Pay Later” program that allows customers in Canada to fund select purchases between 12 and 24 months.
The companies plan to launch the initiative this month at Apple’s online and physical retail stores in Canada, according to a message sent to Apple retail employees in the region, which was obtained by Bloomberg News. The service will allow buyers of iPhones, Macs and iPads in Canada to pay for their purchases over 12 or 24 months instead of paying in full at the time of transaction. Apple told staff it will offer the program interest-free for a limited time after launch.
Apple is still expected to launch another service called “Apple Pay Later,” which would fund virtually any Apple Pay purchase over time.
For Apple, the next Canadian system is just one more step towards its plan to buy it now and pay later. The Cupertino, Calif.-Based company is working on a service called Apple Pay Later that will spread the cost of any item purchased through Apple Pay across multiple payments. Apple is working on two versions of the service: a zero-interest plan that consists of four installments, or an interest plan that spans several months, Bloomberg News reported.
Apple already offers a “buy now, pay later” service for certain purchases from Apple with the company’s Apple Card credit card, but the company’s credit card is still only available in the United States.
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