Last week it was discovered that Apple had added Synchrony to its list of supported ‘Pay over time’ providers—but prematurely, as the mention was later revoked. Today, however, Synchrony financing is officially launching for Apple Pay users, with even more support coming later.
Pay over time is available now with Synchrony, but updates are coming later
Today in a press release, Synchrony announced its new Apple Pay partnership. And importantly, the option to pay later is limited to select cardholders.
Eligible Synchrony Preferred Mastercard, Synchrony Plus World Mastercard, or Synchrony Premier World Mastercard holders can now choose to pay with the standard terms of their credit card or use a promotional offer that includes fixed monthly payments…Promotional Offers are only available for eligible well qualified cardholders.
Eligible users should now see the Pay Later option for Synchrony when making a qualified Apple Pay purchase.
It can be found from within Change Payment Method on the Apple Pay checkout screen. Then, you’ll be able to see exactly what the terms of the payment plan are.
Additionally, Synchrony shared about two updates coming later in the year:
Synchrony plans to expand the ability to pay for eligible purchases with fixed monthly payments to more Apple Pay users across the company’s portfolio of co-branded cards.
Later this year, consumers will also be able to view and redeem rewards from eligible Synchrony-issued cards when checking out online and in-app on iPhone and iPad with Apple Pay, bringing even more flexibility and choice to the checkout experience than ever before.
Support for viewing and redeeming rewards right within the Apple Pay interface will be an especially nice feature when it arrives.
Do you use Apple Pay’s ‘pay later’ options? Are you glad to see Synchrony support added? Let us know in the comments.
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