Apple Pay Cash Allows Person-to-Person Payments From Apple Devices

ApplePay on an iPhone X. Apple

Meanwhile, Apple Watch users will need the latest watchOS 4.2 before they can start using Apple Pay Cash, according to 9to5mac. To see how to use Apple Pay to send or receive money, click on the video at the top of the story.

Beginning today, Apple customers in the USA can use Apple Pay to send and receive money with friends and family quickly, easily and securely. Using the iMessage app, Apple users can easily transfer money to other people, while the Wallet app will allow people to purchase from physical and online stores and transfer money to a bank account or from a debit or credit card.

Users can manually update their Apple Watches by keeping their iPhones in proximity and launching the Watch app and go to the My Watch tab and then General Software Update.

Apple Pay Cash can be used to make quick and secure purchases in stores, apps and on the web.

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When users get paid, the money they receive is added to their new Apple Pay Cash card that lives in the Wallet app.

Apple debuted Apple Pay Cash with the iOS 11.2 update last Wednesday, Dec. 5. They can send that money to others, use it to make purchases or transfer it to their bank account. The maximum cash balance that can be kept by a user in an Apple Pay Cash account is $20,000. Both parties to an Apple Pay Cash transaction must have the feature enabled on their iPhone or Apple Watch. You will also be able to execute transactions in businesses thanks to a virtual debit card which is compatible with iOS devices.

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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