Apple Pay Cash and person to person payments limits
Dec 08 2017 by Joanne Wise
Apple Pay Cash also has much work to do in gaining adoption at this late stage of P-to-P, going up against long-established services like Venmo and Square Cash and now Zelle, introduced this year with broad bank support. However, you can send payments using the service via an iPhone, iPad, or an Apple Watch.
Pay Cash works with every Apple phone back to the iPhone 6, and on iPads starting with the Air 2 model. But if you don't plan to spend it from there, you can instead transfer that money to your bank account.
To set up Apple Pay Cash, open the Wallet app and select the Apple Pay Cash card at the top.
You can set up Apple Pay Cash in the Wallet & Apple Pay area inside the Settings app. Unlike the previous Apple Wallet functionality, with Apple Pay Cash, you can actually store money in an Apple account, rather than just using Apple Pay as a conduit for a credit or bank card.
Here's what it looks like when you send or request money.
. For sending this dollar, I paid a 3 percent fee (the same as with Venmo and other services), but that's because the payment was via credit card. Apple Pay Cash, thankfully, doesn't by default share your every transaction with a special-purpose social network, as Venmo does. Go to Settings Wallet Apple Pay Apple Pay Cash and tap the button to toggle it on.
Once the payment has been sent to the recipient, it will be marked as "Pending" until it is accepted by the recipient.
Apple debuted Apple Pay Cash with the iOS 11.2 update last Wednesday, Dec. 5.
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Apple refuses to confirm its arrangements from banks, noting that banks indicate Apple Pay has enabled them to expand transactions through more customer touchpoints since its introduction in October 2014.
You'll need to add your bank account details first, so tap on "Add Bank Account".
Confirm these details by entering them in again. With iOS 11.2 and watchOS 4.2, the Apple Pay Cash app for iMessage enables money person-to-person money transfers from within a text message conversation.
What Can You Do with Your Apple Pay Cash Balance?
Users can also view their transaction history, including person to person payments as well as purchases they've made in stores, apps and on the web with Apple Pay Cash, right in Wallet. You can use that money to send to other people through iMessage, just like we showed you above, but that's just the tip of the iceberg. If you have a MacBook with Touch ID, you can use Apple Pay Cash, or you can connect an older Mac to your iPhone and pay that way.
The connection between banks and Apple Pay has been uneasy at times, and the introduction this week of Apple Pay Cash does little to assuage concerns about how far the tech giant's tentacles may eventually extend into commerce.