
Apple Cash is a convenient way to make person-to-person payments with your iPhone or iPad.
To use Apple Cash, you need to have an iPhone or iPad with iOS 11.2 or later, and a debit card or bank account linked to your Apple ID.
With Apple Cash, you can send or receive money with just a few taps on your screen, and the funds will be transferred immediately.
You can also use Apple Cash to make purchases in stores, online, or within apps, by adding a credit or debit card to your Wallet.
Setting Up Apple Cash
Setting up Apple Cash is a straightforward process that can be completed in just a few steps. To start, open the Settings app on your iPhone, iPad, or Apple Vision Pro.
Scroll down and tap Wallet & Apple Pay. This will take you to the Apple Pay settings page. Tap the toggle next to Apple Cash to turn it on.
Now, under Payment Cards, tap Apple Cash and then tap Continue. Follow the instructions on your screen to complete the setup process. Your Apple Cash card will be automatically added to the Wallet app.
If you need to set up Apple Cash for a family member under 18 years old, you can use Apple Cash Family. Your Family Sharing organizer can set this up for you.
Using Apple Cash
You can set up Apple Cash by following a few simple steps, which you can find in the Wallet & Apple Pay section of your device's Settings app.
To set up Apple Cash, you'll need to turn it on in the Wallet & Apple Pay section, then follow the instructions on your screen.
If you need to send more than $2,000, you can use Messages instead, which has a $10,000 limit.
You can use Apple Cash to send money to someone nearby without sharing your phone number or email, using Tap to Cash.
You can also add money to Apple Cash, make purchases using Apple Pay or your Apple Cash virtual card number, and send money to someone in Messages or Wallet.
Here are some key things you can do with Apple Cash:
- Use Tap to Cash to send money to someone nearby without sharing your phone number or email.
- Add money to Apple Cash.
- Make purchases using Apple Pay or your Apple Cash virtual card number in most places where Visa is accepted.
- Send money to someone in Messages or Wallet.
- Transfer money from Apple Cash to your bank account.
- Use your Apple Cash to make payments on your Apple Card balance.
- Receive Daily Cash from Apple Card purchases.
Apple Cash Features
Apple Cash Features are designed to make peer-to-peer payments seamless and convenient. You can use Tap to Cash to send money to someone nearby without sharing your phone number or email.
With Apple Cash, you can send or receive a minimum of $1 per message, and a maximum of $2,000 per message. Within a 7-day period, the maximum you can send or receive is $2,000.
You can also use Messages to send money, which has a $10,000 limit. This is useful if you need to send more than the $2,000 limit.
To set up Apple Cash, you need to open the Settings app, scroll down and tap Wallet & Apple Pay, turn Apple Cash on, and follow the instructions on your screen.
Apple Cash allows you to make purchases using Apple Pay or your Apple Cash virtual card number in most places where Visa is accepted. You can also transfer money from Apple Cash to your bank account.
Here are some of the key features of Apple Cash:
Frequently Asked Questions
What is the limit on Apple Pay P2P?
Per message, you can send or receive $1-$2,000 with Apple Pay P2P. Daily and 7-day limits apply, with a maximum of$2,000 in a 7-day period
What are examples of P2P payments?
Examples of P2P payment services include PayPal, Venmo, Square Cash, Zelle, Google Pay, and Apple Pay, offering various features and benefits. These services enable fast and convenient person-to-person transactions.
Sources
- https://fintechmagazine.com/articles/apple-launches-iphone-psp-tap-to-cash-feature
- https://support.apple.com/en-us/109305
- https://www.forbes.com/sites/danielwebber/2024/06/25/apple-tap-to-cash-excites-but-the-real-payments-innovation-lies-elsewhere/
- https://www.paymentsdive.com/news/apple-announces-p2p-apple-pay-feature/718635/
- https://support.apple.com/en-us/109304
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