Apple ENDS Pay Later After 1 Year?!

0:00 Skit
0:52 Commentary

[sledracer-ut]

Alright, that "wow" at 0:20 got me. XD

[CodexAdrian]

I mean, pay later is so dumb for companies. less money up front *and* now you incur risk. would be smarter to outsource it to other companies

[InfiniteRegen]

Me getting a Apple Card ad then an Afterpay ad at the end of the video seems so funny to me 😂😂

[hkmpkpdw]

I financed a burrito in four easy payments…

[citywitt]

Former finance pro here. Apple should never have even got into Apple Card. The way the sector is regulated is such that you basically can’t manage money in well regulated markets unless you have that as the only thing you do. That’s why the card never launched in the uk. Our consumer protections are way too strong against firms not having the right controls and failsafes in place.

[TechOut]

Wasn't even a year Pay Later rolled out publicly about 6 months ago.

[lamprosnick]

4:37 worst type of customer for the bank

[paulmillan]

I guess it shows apples higher end loyalty rather than we are here for everyone.

[techinrl]

It’s possible people just weren’t using the program. Almost everything I’d want to finance in the last year cost more than $1000, so the program wasn’t usable. If they had extended it to $1500 or $2000, I probably would have used it.

[MorbidGod]

4:07 they don’t have to “be a bank” to be a bank these days. They could partner with a bank - similar to what most online banks do.

[JuanJohn]

No one in the USA gets paid once a month unless you are in some type of government service like Social Security

[Zomboy]

Glad I totally got to use it in the UK

[Missle]

I’m fortunate to have a job that pays once a week, very convenient but still have to be wise with it.

[BaconFaceMcGee]

That could have been a useful service.

[doomy_doomy]

I am with drew. My coworkers do that shit on everything. Yet they fail to realize that they are spending more by doing it on more things.

[adorableredfox]

ahh yess here comes apple explained to explain why apple cancelled pay later

[TheiTunesFanboy]

I never liked Apple Pay Later to begin with because it not only encourages people to spend more money than they have, but it also subtracted Apple’s focus on technology.

[kienhwengtai]

There's a background banking crisis going on so all credit is being pulled.

[justinrayharvey]

im still worried about the apple cards fate

[Saturntime]

I like the monthly payment system with Apple Card with 0 interest on apple products. Allows me to pay off a product a few months where I can save and then pay off the entire thing at a later date.