Apple Cash 2021 Everything You Need to Know

Apple Cash is a digital wallet service that allows you to send, receive, and store money.

You can use Apple Cash to make purchases online or in-store with participating merchants.

The service is available to anyone with an iPhone or iPad running iOS 8 or later.

You can cancel an Apple Cash payment by opening the Messages app, finding the conversation where the payment was made, tapping on the payment, and then tapping Cancel Payment in the Wallet app. If you don't see the Cancel Payment button, the recipient has already accepted the money.

It can take 1-3 days for the funds to return to your Apple Cash card after canceling a payment. If you're having issues with canceling or getting money back, it's recommended that you open a dispute with Apple Support.

To choose between automatic or manual accepting of payments, you can follow these steps on your iPhone, iPad, or Apple Watch.

Requesting money through Apple Cash is a straightforward process. You can start a new conversation or open an existing one with the person you want to request money from.

To request money through Apple Cash on your iPhone or iPad, you'll need to tap the Apple Pay button in the app drawer below the input box. If you don't see the Apple Pay button, tap the App Store button on the left of the input box first. Then, enter an amount, tap Request, and send your request.

You can also request money through Apple Cash on your Apple Watch by opening the Messages app and choosing a conversation with the person you want to request money from. Next, tap the Apple Pay button – the blue circle with the dollar sign – and enter an amount. Swipe on the Pay button to show the Request button, then tap Request.

If you want to cancel an Apple Cash payment, you can do so by following a few simple steps. Open the Messages app and find the conversation where the payment was made.

To cancel the payment, tap on the payment, and your Apple Cash card will open in the Wallet app. Under Latest Transactions, tap the payment, then tap it again, and finally, tap Cancel Payment. If Cancel Payment isn't an option, the person you sent the payment to has already accepted the money.

Canceling a payment can take 1-3 days for the funds to return to your Apple Cash card. If you have any issues with canceling or getting money back that's owed, it's recommended that you open a dispute with Apple Support.

If you're having trouble canceling a payment, you might need to request the money back from the recipient. You can do this by asking them to return the money, but keep in mind that this might not be possible if they've already spent the money.

Here's a step-by-step guide to canceling an Apple Cash payment:

1. Open the Messages app

2. Find the conversation where the payment was made

3. Tap on the payment

4. Tap on the payment again

5. Tap Cancel Payment

If you're not sure how to accept Apple Cash payments, don't worry, it's easy.

You have seven days to accept the first payment sent to you, after which payments are automatically accepted by default.

However, you can change this to manual, which means you'll see an Accept button on any money you're sent through Apple Cash.

To choose between automatic or manual accepting of payments, you'll need to access your Apple Cash settings on your device.

On your iPhone, tap the three dots on your Apple Cash card in the Wallet app to select between Automatically Accept Payments or Manually Accept Payments.

If you want to reject a payment, you can do so by opening the Wallet app on your iPhone, tapping your Apple Cash card, finding the payment under Latest Transactions, and then tapping Reject Payment.

You can also access these settings on your iPad by going to Settings > Wallet & Apple Pay, and on your Apple Watch by going to the Apple Watch app on your iPhone.

Here are the steps to access the settings on each device:

Apple Pay Cash is only available in the US. There's no word yet on UK availability at the moment.

Some payment methods have geographical restrictions, so it's essential to check the availability of a service before using it.

To set up Apple Cash, you'll need to have a compatible iPhone or iPad, and you must be at least 18 years old. You can also set up Apple Cash for minors under your Family Sharing group.

To start, open the Settings app on your device, and scroll down to Wallet & Apple Pay. Tap it and then turn Apple Cash on in the menu. You can also set up Apple Cash for your child or teen by tapping [your name], then Family Sharing, and then Apple Cash.

You'll need to follow the prompts on the screen to set things up, and you might need to verify your identity. Make sure your child meets the requirements, and you'll also need to use the same Apple ID to set up the Apple Cash account as you used for Family Sharing.

To set up Apple Cash, you'll need to have an Apple device and an Apple ID. You can send, receive, and request money in the Messages app, or ask Siri to pay someone in your contacts.

You can use your Apple Cash card by default, or change it to use your debit card instead, or a combination of both if the amount is more than the balance on your Apple Cash card.

The first time you use Apple Cash, you'll have seven days to accept the money you've been sent. Once you've accepted the terms and conditions, payments are automatically accepted - though you can change this to be manual.

You can cancel a payment if the person doesn't accept it, or if you change your mind. You can also transfer money from your Apple Cash card to a bank account or instantly onto another debit card.

Any money you put on your Apple Cash card can be used to make purchases with Apple Pay, or to pay someone through Apple Cash.

To set up Apple Cash, you'll need to meet some basic requirements. You must be at least 18 years old, which is a great age to start managing your finances.

You'll also need to live in the United States, which is where Apple Cash is currently available.

To use Apple Cash, your device needs to be running a compatible operating system. For iPhone users, this means iOS 11.2 or later. If you're an Apple Watch user, you'll need watchOS 4.2 or later.

You'll also need to set up two-factor authentication for your Apple ID, which adds an extra layer of security to your account.

To send and receive money, you'll need to sign into iCloud on your device with the same Apple ID you use for Wallet.

Here are the specific requirements you'll need to meet:

You'll also need to add an eligible debit card in the Wallet app to send money.

To set up Apple Cash for a child or teen, you'll need to be the family organizer and use the same Apple ID for Apple Cash as you did for setting up Family Sharing. This will allow you to manage their account and receive notifications when they make transactions.

The child or teen will need to have a compatible Apple device, such as an iPhone, iPad, or Watch, running the latest iOS, iPadOS, or watchOS software. They'll also need to sign in to iCloud on each device using their Apple ID and turn on two-factor authentication for each Apple ID.

To start the setup process, open the Settings app on your iPhone and tap on your name, then Family Sharing. Scroll down to the bottom of the screen and tap Apple Cash, then choose the child or teen you want to set up Apple Cash for.

You'll need to follow the prompts on the screen to set up their account, which may include verifying your identity. If you see a "Pending" status, make sure the child meets the requirements.

Here's a summary of the requirements for setting up Apple Cash for a child or teen:

There are no monthly fees for Apple Cash, so you can use it without worrying about extra charges.

The maximum Apple Cash balance you're allowed to have after verifying your identity is $20,000, but this reduces to $4,000 if you're part of Apple Cash Family.

You can send and receive money with Apple Cash without any fees, but be aware that there are limits. The minimum amount you can send or receive is $1, while the maximum is $10,000 per message.

If you're part of Apple Cash Family, the maximum amount you can send or receive is capped at $2,000 per message.

If you transfer money to a debit card using Instant Transfer, a 1.5% fee (with a minimum fee of $0.25 and a maximum fee of $15) is deducted from the amount of each transfer.

Here are the key transfer limits for Apple Cash:

The Instant Transfer fee remains the same for both individual Apple Cash cards and Apple Cash Family users, at 1.5% with a minimum fee of $0.25 and a maximum fee of $15.

There's no fee to send, receive, or request money using Apple Cash. You can use it to transfer funds without worrying about any extra costs.

Setting up Apple Cash also won't affect your credit and it won't be impacted by any credit freezes. This is a big plus for people who are concerned about their credit scores.

If you select Instant Transfer when transferring money to a debit card, you'll pay a fee. The fee is 1.5% of the transfer amount, with a minimum fee of $0.25 and a maximum fee of $15.

There are no fees for transferring Apple Cash funds to your bank account. This is a convenient option for people who want to keep their money in the bank.

The limits for Apple Cash are pretty straightforward. You can have a maximum Apple Cash balance of $20,000 after verifying your identity, or $4,000 if you're part of Apple Cash Family.

The minimum and maximum amounts for sending and receiving money are $1 and $10,000 per message, respectively. You can also send or receive a maximum of $10,000 within a 7-day period.

For Apple Cash Family users, the maximum amount per message is reduced to $2,000, and the 7-day maximum is also capped at $2,000.

To add money to your Apple Cash card, the minimum amount is $10, and the maximum is $10,000 per transaction. You can also only add a maximum of $10,000 within a 7-day period.

For Apple Cash Family users, the minimum remains at $10, but the maximum decreases to $2,000. You can only add up to $2,000 within a 7-day period.

Here's a summary of the limits for adding money to your Apple Cash card:

To transfer money from your Apple Cash card to your bank account or debit card, the minimum amount is $1, or the full balance if it's below $1. The maximum for a single transfer is $10,000, and you can only transfer up to $20,000 within a 7-day period.

There are no monthly fees for Apple Cash.

You can set up Apple Cash without a credit check, making it a hassle-free experience.

No monthly fees means you can use Apple Cash without worrying about additional charges.