Apple Pay just added new ways to pay, including card rewards and installment plans

Date:
Fri, 18 Oct 2024 02:00:00 +0000

Description:
Finally, see how many points you have and what they're worth!

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Apples celebrating ten years of Apple Pay today, and its clear that the Cupertino-based giant is pretty pleased with its payment offerings. Ill be
the first to admit that Apple Pay is still handy and convenient ten years
down the road; most of the time, rather than reaching for a physical card, I simply double-tap the power button on my iPhone and pay.

Plenty more card partners have arrived in the years since the original
launch, and more retailers have been adopting the standard. Alongside teasing future updates, Apple is rolling out two fresh ways to pay using Apple Pay.

Youll now be able to check out with Apple Pay and redeem rewards from
eligible cards - like miles or points from Discover credit cards in the US - as well as access installment loans from Affirm in the US and Monzo Flex in the UK, and flexible payment options from Klarna in the US and UK. Pay with rewards or two new payment options (Image credit: Apple)

Available now with iOS 18 for folks in the United States on an iPhone or
iPad, youll now be able to select rewards like points (think cashback) or miles from eligible Discover Cards to pay for the whole amount or a portion
at checkout. Apples integrated this option directly on the checkout screen which takes up a portion of the bottom of your device and it feels pretty intuitive. It will, by default, show you the maximum amount you can redeem, and by tapping on it, you can adjust the amount.

Even neater, though, and solving just a sliver of the puzzle that is airline mile worth, it will even give you the conversion of what one mile equals to dollars. Thats pretty handy. This experience of using card rewards at
checkout in Apple Pay is just starting with select Discover cards now, but more partners will roll out in the future. Apple confirmed that select Synchrony, Fiserv, and FIS cards in the United States and DBS in Singapore will let you use rewards.

Beyond rewards, though, Apple is adding two new payment options and the first of which can be seen as the partner successor to Apples since closed down Apple Pay Later. First, Klarnas flexible payment options are now available
for folks checking out on Apple Pay with iPhone and iPad, online and in app
- in the United States and the United Kingdom. Allowing you to select the service as a payment option, get approved, and pick a plan for splitting the payment. Its worth noting you wont see the charges hit weekly or bi-weekly (each payment option differs), and youll need to visit the Klarna app for those. (Image credit: Apple)

Second, installment loan payment options are arriving with iOS 18 as well. In the United States, these are done through Affirm, while in the United
Kingdom, these are done through Monzo. With these youll get approved for the loan, can pick terms and see which have interest associated and then complete the checkout process. This is a pretty big step and a direct replacement for Apples own Apple Pay Later installment plans. It will also be expanding at some point in the future to several other countries, including ANZ in Australia and CaixaBank in Spain.

As a whole these new ways to pay, and fresh partners, reinvigorate the Apple Pay experience a bit. Its also key that it doesnt change the ease of use that makes Apple Pay a stellar service and function of Apples myriad devices. I think the addition of rewards for points and miles in the Apple Pay
checkout process will be very handy and will let many make better use of points, similar to how you can check out with points on Amazon. However, they might drain faster. You Might Also Like... Amazon just dropped the Fire TV Stick HD, and it comes with a nice surprise in the box 4 ways you can use ChatGPT's Canvas mode to improve your daily life I love my Kindle but the one thing I don't like won't change anytime soon and now I know why



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Link to news story: https://www.techradar.com/phones/iphone/apple-pay-just-added-new-ways-to-pay-i ncluding-card-rewards-and-installment-plans


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