Mike Peterson
Apple's "buy now, pay later" partnership with Affirm is now live in Canada, allowing customers to spread out the cost of new devices over a set period of time.
The partnership, which went live on Wednesday, allows customers to finance new iPhone, iPad, and Mac purchases over a 12-month or 24-month period. The payment plan, made in collaboration with Affirm subsidiary PayBright, has no interest if paid in full during that timeframe.
News of Apple's partnership with Affirm in Canada surfaced earlier in August. As of Wednesday, Aug. 11, qualified Canadian customers will be able to finance iPhone purchases over 24 months, and iPad and Mac purchases over 12 months.
Although the Affirm partnership is currently only available in Canada, Apple in 2020 launched a similar monthly installment plan for Apple Card, which allows U.S. customers to spread out the cost of device purchases over months.
The Cupertino tech giant is also reportedly developing an Apple Pay installment plan with Goldman Sachs. Dubbed "Apple Pay Later," the plans will reportedly be available for any purchase made using Apple's payment platform.
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3 Comments
You can finance your $1000 iPhone for 24 months, but a $10,000 iMac you only have 12 months. Yeah great financing plan.
This makes me think that Apple has no imminent plan to release Apple Card in Canada. Sigh. Apple Card can have all my business if it wants.