Published: Fri, December 08, 2017
Hi-Tech | By Grace Becker

Apple Pay Cash Now Available with Latest iOS Update

Apple Pay Cash Now Available with Latest iOS Update

Apple Pay Cash is promoted primarily as a person-to-person payment service leveraging Apple's iMessage feature, similarly to how Facebook enables P-to-P payments within Messenger.

You can use that balance either by dumping it back into a connected bank account or to pay for something else via Apple Pay or Apple Pay Cash. The money is then placed in your Wallet app on an Apple Pay Cash card. But that could be small comfort to banks concerned about creeping disintermediation by third parties as mobile commerce expands.

If you don't have a debit card linked to Apple Pay Cash, you'll get a pop-up that says "Unable to Add Money", and you'll tap on "Add Card" to link a debit card. Then, tap the black Apple Pay icon in the dock.

Want to know more about using Apple Pay Cash? Venmo introduced Pay with Venmo at a handful of merchants in 2014, and in October Venmo expanded opened the feature to more than 2 million merchants that that accept payments from parent PayPal.

Interestingly, the update page details the problem as - "watchOS 4.0.1 fixes issues that in rare cases were causing Apple Watch to join unauthenticated (captive) Wi-Fi networks, such as those found in public places like coffee shops and hotels, which direct the user to a web page before the network can be accessed".

Unlike its competitors, Apple Pay Cash doesn't work on Android devices.

Apple Pay Cash is now live for U.S. users, allowing iPhone, Apple Watch, and iPad owners to transfer money to virtual Pay Cash cards.

Users have to make sure that Apple watch has at least 50 percent battery in order to install the update. Keep in mind that using a credit card is subject to a 3% fee when sending money through Apple Pay Cash.

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For users anxious about possible information theft or other security issues, Apple guarantees security along with the convenience of Apple Pay Cash.

You'll find more Apple Pay instructions from Apple.

It took them long enough but Apple is finally rolling out a peer-to-peer payment system called Apple Pay Cash. For those who are passionately dedicated to the Apple ecosystem, it has an appeal. The regulators ruled in favor of Apple.

The initiating person (the payer) loads the appropriate credit or debit cards into their phone to be used in ApplePay in the Wallet app.

Both the P-to-P feature and the commercial feature are necessary to make Apple's payments equation complete, Crone contends.

What Can You Do with Your Apple Pay Cash Balance?

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.

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