Users can also view their transaction history, including person to person payments as well as purchases they've made in stores, apps and on the web with Apple Pay Cash, right in Wallet. To see how to use Apple Pay to send or receive money, click on the video at the top of the story. US users now have the ability to send and receive peer-to-peer (P2P) payments via Apple Pay in the firm's messaging platform, iMessage.
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.
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. On Monday, Apple finally launched Apple Pay Cash, its own person-to-person payment system.
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.
The new feature will work with Siri, according to recent reports, and will not require a new app. Apple will add a 3% fee if you use a credit card to send money. All transaction maximums can also be affected by limits on a user's available balance on their debit or prepaid card or limits from their bank or card issuer. The maximum amount that can be added in any seven-day period is $10,000. And while Messages and Apple Pay Cash are built into the latest version of Apple's mobile operating system, consumers have to download Venmo separately.
Sending and receiving money with Apple Pay and the Apple Pay Cash card are services provided by Green Dot Bank, according to Apple.