They&#x27;re not handling the financing. It appears to be going through Citizens Bank, and is an installment loan. [1]<p>And, if you were hoping to use someone cheap like Cricket instead of Verizon, no such luck there either:<p>&quot;1. The iPhone Upgrade Program is available to qualified customers only with a valid U.S. personal credit card. Requires a 24-month installment loan with Citizens Bank, N.A. and iPhone activation with a national carrier — AT&amp;T, Sprint, T-Mobile, or Verizon. &quot;<p>[1] <a href="http:&#x2F;&#x2F;www.apple.com&#x2F;shop&#x2F;iphone&#x2F;iphone-upgrade-program" rel="nofollow">http:&#x2F;&#x2F;www.apple.com&#x2F;shop&#x2F;iphone&#x2F;iphone-upgrade-program</a>