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Apple Pay has reached its critical mass with most stores accepting this payment method in and around London. Apple Pay expanded further during WWDC 1017 when Apple introduced the ability to send and receive payments between individuals. Whether your friend without a wallet has an iPhone or an Apple Watch, they can now pay you back with Apple Pay Cash.
In this comprehensive guide, we will cover the process of making one-to-one payments with Apple Pay by iMessage on an iPhone or Apple Watch.
When Will Apple Pay Cash Launch in the UK?
Apple Pay Cash was rolled out in the US in December 2017 with the iOS 11.2 update. Apple has confirmed that Brazil will receive the feature in 2018, but they have kept silent about any other plans; the most likely countries will be UK, Ireland, and Spain. Though there was no Apple Pay file at the WWDC 2018 event, we are optimistic about an upcoming announcement.
What Do You Need to Use Apple Pay Cash?
You and the beneficiary must both have an Apple device and active iMessage accounts for this to work. You also need the latest version of iOS 11.2, and to be 18 or older and American – at least for now.
How Do You Set Up Apple Pay Cash?
Open Wallet, tap Pay money, and click on the set up Apple Pay Cash. Agree to the terms and conditions and complete the 2-factor authentication for secure account upgrade. Sign in to iCloud to allow access to the service.
How Do You Pay Someone with Apple Pay Cash?
To pay someone, initiate an iMessage thread, and tap the small Apple Store icon. Click the Apple Pay icon, enter the amount, verify with Touch or Face ID, and send the payment.
Alternatively, you can use Siri to send money. Say phrases like ‘Send [amount] dollars [name],’ and the payment will be processed. Another option is to use Apple Pay Cash by Contacts, which works the same way as using Apple Pay Cash from iMessage.
Where Does the Money Go?
The peer-to-peer payment is transferred to an Apple Pay Cash card in the Wallet app in your iPhone. This card is like a virtual bank account that is created without your bank account information. While you have instant access to your money, it is only available for purchases through Apple Pay.
Where Does the Money Come From?
The payment is deducted from your Apple Pay Cash card first and then the bank account you have set up with Apple Pay.
Latest FAQs
1. Is Apple Pay Cash Safe?
Yes. Apple Pay uses tokenization, which means your payment information is not shared with merchants. Instead of sharing your card number, a unique code is used for your transactions. Also, all transactions require 2-factor authentication or Touch/Face ID verification.
2. Does Apple Charge a Fee for Using Apple Pay Cash?
There are no fees for using basic Apple Pay Cash services. Using a credit card to fund transfers may incur a fee set by the card issuer.