Apple is going to add post-pay to Apple Pay
Live now, pay later: the motto is completely up to date again. Apple is aware of this and comes up with postpay for Apple Pay.
It’s the most normal thing in the world: you pay immediately before you buy something. For example, in a store, you pin (or pay in cash) there before you take your items with you. It is also very common in online stores these days that you pay before the online store sends your items to you. If there is something wrong with it, you can request your money back with the applicable return policy.
Reversed
That while paying afterwards is actually a fairer option for the customer. This shows that the selling party has to cross the road first: a good relationship of trust for the buying party, usually the consumer. In a restaurant you can also eat first and then pay. According to that principle, Apple will roll out a new feature for their payment service Apple Pay that makes paying afterwards easy.
No whining
It is not new, because paying afterwards with Apple Pay resembles the system with which PayPal has grown. PayPal advances you, as it were, so that the payment happens immediately. Afterwards you can see how you are going to make the payment. That can be automated, by the way. With this strategy, Apple wants to ensure that any problems with payments are addressed afterwards, so that you don’t have to worry about paying quickly. That should make Apple Pay more attractive than regular debit cards.
Two versions
As it is now planned, there will be two options for the user to pay afterwards with Apple Pay. The first is a kind of credit card system. This keeps track of your payments and you get the bill for that month to pay every month. The second is for people who may find it easier to spread out their payments a bit more. Apple calls it “Pay in 4,” which divides all transactions into four. You then have to ‘pay back’ this every two weeks. Think of it this way: if you buy a $1,000 MacBook, you can either pay off that $1,000 at the end of the month in one fell swoop, or pay $250 every two weeks for eight weeks. Everything interest free.
It is not yet concrete when paying afterwards for Apple Pay will be rolled out, but it will work in the US with both the Apple Card or Apple Pay via your iPhone or Apple Watch. It is not known how and whether the service will work in the Netherlands. (via Bloomberg)
