iPhoneForums.Net News Team
- Jun 18, 2010
- Reaction score
MacRumors writes that Apple Pay Cash has finally arrived via the newly released iOS 11.2 beta. This means that in the US, public beta testers and developers can now get hands-on experience with the peer-to-peer payment service, which was previously only available to Apple employees.
Apple Pay Cash is very easy to use. You simply have to access the Messages app on iPhone (or Apple Watch with watchOS 4.2), where you will find a new Apple Pay Cash app. Simply tap on the app to access the Apple Pay Cash page. You can then send money to, or request money from, one of your contacts directly via Messages.
When you send money to someone, they must tap the incoming message to accept the payment. The money will then be loaded onto an Apple Pay Cash card in your Wallet app. You can send money using your debit card, credit card, or Apple Pay Cash card, but any money that you receive can only be stored on your Apple Pay Cash card, not any of your other cards. Green Dot, the company behind prepaid discover cards, is responsible for providing the Apple Pay Cash card.
It’s free to send money via your debit card or Apple Pay Cash card, but it costs 3% of the total to send money using your credit card.
Source: Apple Pay Cash Preview: A Look at Apple's New Peer-to-Peer Payments Service