Electronista

Mobile News   Apple  
updated 12:44 PM EST 01.16.13
Apple's Chinese online store adds installment purchases
The Chinese version of the online Apple store has added the ability to pay for products in installments, reports note. An order must cost between 300 yuan ($48) and 30,000 yuan ($4,800), and buyers must have a China Merchants Bank credit card. Through January 23rd, three- to 12-month installment purchases are interest-free. An 18-month payment carries 6.5 percent interest, while going up to 24 months raises the interest rate to 8.5 percent.