Apple Pay Cash Now Available with Latest iOS Update

07 December, 2017, 19:32 | Author: Darnell Taylor

Whether splitting a bill, paying someone back or sending a last-minute gift, Apple Pay makes it easy to pay and get paid, right in Messages.

The catch? Your device (s) must support the new iOS 11.2, which is available now as a free update and is required to make person to person payments and use Apple Pay Cash on iPhone and iPad.

Apple Pay Cash is a virtual debit card which appears in the Wallet app and hold money which the user can receive from Person to Person transfers.

The new feature will work with Siri, according to recent reports, and will not require a new app.

There's no need to install an app or create a new account to send and receive money with Apple Pay. Finally, for debit or prepaid credit card to Apple Pay Cash transfers, there is a $10 minimum and a $3,000 maximum per transfer, with a $10,000 weekly limit.

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Apple Pay now enables iPhone, iPad and Apple Watch users to send or receive money directly to and from friends, family members or any others using new Apple Pay Cash capabilities that have been added to Apple's 3-year-old payment services.

This partnership should help grow usage and adoption of Apple's payment offerings, which in turn will increase the number of transactions performed on Discover's network.

Apple Pay Cash can be used to make quick and secure purchases in stores, apps and on the web. Today the word comes down that Apple Officially Launches Apple Pay Cash. Once set up, though, Apple Pay Cash will then be available for the Apple Watch in both Messages and Wallet apps. In June 2016, Apple Pay users gained the ability to make cash withdrawals from Bank of America ATMs using their iPhones.

The minimum amount of money that can be added to an account from a user's U.S. debit card or prepaid card is $10 per transaction, while the maximum that can be added in each transaction is $3,000.

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