After a day of availability to users, Apple Pay Cash now officially online

AppleInsiderAppleInsider
Posted:
in iPhone
Apple has officially launched Apple Pay Cash -- a feature in iOS 11.2 that allows users to send and receive money from family and friends from within Messages.




When users get paid, the money they receive is added to their new Apple Pay Cash card that lives in the Wallet app. They can use the money instantly1 to pay someone or make purchases using Apple Pay in stores, apps and on the web.

The money can also be moved out of the Apple Pay Cash card to a bank account.

Users can view transaction history, including person to person payments with the virtual debit card associated with Apple Pay Cash, as well as purchases made in stores, apps and on the web with Apple Pay Cash, in the Wallet app.

Transfers from a credit card will incur a 3 percent fee. Users can side-step that fee by linking a debit card and executing the transfer with that as the payment method.

Apple Pay Cash was announced at Apple's annual Worldwide Developers Conference in June, but the feature was not completed in time for the launch of iOS 11 in September.

iOS 11.2 was launched very early Saturday morning after it was discovered a bug could cause repeated crashes when the date changed to Dec. 2. Because iOS 11.2 was apparently delivered before Apple had originally planned, Apple Pay Cash was not yet live prior to Monday.

Apple notes that performing the transfer through the Apple Watch will require watchOS 4.2, which is not yet available.

Comments

  • Reply 1 of 9
    preclarotipopreclarotipo Posts: 33member
    Mine was activated around 9pm Monday, Dec. 4th in the Eastern Time zone (midwest USA).

  • Reply 2 of 9
    maciekskontaktmaciekskontakt Posts: 1,169member
    I just am waiting when some creep uses message to hack and transfer some money for purpose of laundering it in largere amounts. Is Apple ready for those schemes?

    And how about talking about amounts, but not transferring? Is it smart enough?
    edited December 2017
  • Reply 3 of 9
    StrangeDaysStrangeDays Posts: 12,879member
    maciekskontakt said:
    I just am waiting when some creep uses message to hack and transfer some money for purpose of laundering it in largere amounts. Is Apple ready for those schemes?
    Yes and I hope they’re ready for hackers turning on their sprinkler system!
    watto_cobra
  • Reply 4 of 9
    karmadavekarmadave Posts: 369member
    Given that Apple Pay is linked to a user's bank account (Debit card) or credit card, large transfers ($10K+) would be subject to reporting by the financial institution. Creative hackers would always find new ways to try and skirt the laws...
  • Reply 5 of 9
    unclephilunclephil Posts: 9member
    maciekskontakt said:
    I just am waiting when some creep uses message to hack and transfer some money for purpose of laundering it in largere amounts. Is Apple ready for those schemes?

    And how about talking about amounts, but not transferring? Is it smart enough?
    You need to confirm the last four digits of your SSN and other ID info to fully enable Apple Pay Cash. They can even ask for a picture of your drivers license...
  • Reply 6 of 9
    thisisasjthisisasj Posts: 64member
    The hackers will send blast iMessages with dollar amounts, and iPhone users will be forced (forced I say!) to look at their phones and approve sending cash just by looking at the phone. Because FaceID! haha
  • Reply 7 of 9
    tgr1tgr1 Posts: 33member
    karmadave said:
    Given that Apple Pay is linked to a user's bank account (Debit card) or credit card, large transfers ($10K+) would be subject to reporting by the financial institution. Creative hackers would always find new ways to try and skirt the laws...
    I believe limited to $3000 per transaction. Haven't heard about any limits per day.
  • Reply 8 of 9
    vahancouvervahancouver Posts: 14unconfirmed, member
    thisisasj said:
    The hackers will send blast iMessages with dollar amounts, and iPhone users will be forced (forced I say!) to look at their phones and approve sending cash just by looking at the phone. Because FaceID! haha
    That's not how FaceID works 🙄. Do you even have iPhone X? You still need to double press the side button to initiate the FaceID authentication. 
  • Reply 9 of 9
    lorin schultzlorin schultz Posts: 2,771member
    I've learned from another source that this feature is only available in the USA. Mr. Wuerthele, when a feature is limited to a specific group of users, geographic or otherwise, I would be grateful to see that mentioned in the article so I don't chase wild geese. Thanks!
    edited December 2017
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