Apple Cash has been specifically created by Apple to make it easy to send and receive money from your iPhone or Apple devices. Apple Cash takes the form of a digital card integrated into your Apple Wallet on your iPhone. Enabling you to purchase goods both in High Street stores and online using Apple Pay.
If you are interested in learning more about Apple Cash and how to send and receive money using the payment service created by Apple. This quick guide will take you through the process of setting up and using Apple Pay from your iPhone to buy goods both online and in stores. Apple Cash is very similar to using a debit card and can be used to make secure contactless purchases as well as allow you to send and receive money via text messages.
What is Apple Cash
Last year Apple enabled new features which allows Instant Transfer using Apple Cash with MasterCard debit cards, allowing users to transfer money from your Apple Cash balance to a bank account using a Mastercard debit card and Instant Transfer. To complement this change Apple has also change the fee associated with Instant Transfer raising it to 1.5% from 1%.
The Apple card is integrated into the iOS Wallet available on your iPhone, iPad and Apple Watch. You can even use Siri to send money to any of your contacts instantly. Although every transaction is secured by your biometric Face ID or Touch ID authorization system . To set up Apple Cash on your iPhone simply go to : Settings > Wallet & Apple Pay and then tap to turn on Apple Cash.
A few things worth noting before you try to use the Apple payment service is that you need to be at least 18 years old and live in the United States. You also need a compatible Apple device running iOS 11.2 or later or watchOS 4.2 or later and Apple also requires require your Apple ID to have two factor authentication set up. Finally you will also need an eligible debit card in the Apple Wallet application see can send money.
Apple allows you to make purchases using Apple Pay, and send money to someone using the Messages application making it easy to transfer funds to family and friends. Apple has also made it possible for you to transfer money from Apple Cash directly to your bank account and you can use the Instant Transfer feature to make payments and receive daily cash from Apple Card purchases.
One good reason to use the service to send, receive, or request money on Apple devices is that there is no fee, although as explained above there are fees associated with transferring money using other cards such as Mastercard. For more details on all the fees associated with Apple Cash jump over to the official Apple website for the full Terms and Conditions. (Apple Cash card are services provided by Green Dot Bank, Member FDIC.)
How to setup Apple Cash
1. To set up Apple can on your iPhone or iPad go to the settings app and scroll down until you see Wallet & Apple Pay
2. Then simply turn on Apple Cash and under the Payment Cards select the AC service
3. Follow the on-screen instructions provided by Apple and you’ll be ready to access the features.
Now when someone sends you money its automatically securely kept on your digital Apple Cash card which can be found in the Wallet application on your iOS device. You can also set up the Apple payment service for family members under the age of 18 using your the Family Sharing organizer settings section.
Don’t forget if you disable the payment feature on a single Apple device, you can still use the money service on other Apple devices where you are signed in using the same Apple ID. For more information on using the Apple payment system jump over to the official website.