Apple Pay Later, which allows users to split purchases into four payments over six weeks with no fees or interest, has been broadly available through many retailers since last year. This week, Stripe announced that it has enabled Apple Pay Later by default for all merchants accepting Apple Pay. This integration means that nearly every online or in-app checkout using Stripe will offer Apple Pay Later as a payment option. Purchases between $75 and $1,000 can be split when using Stripe, with Apple managing the payments and merchants receiving full payment upfront. Apple Pay Later does not affect users' credit scores, but payment history may be reported to credit bureaus, following a partnership with Experian.
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