How to send or receive money using Apple Pay Cash (tutorial)

Apple released iOS 11.2 last week allowing iPhone users to finally be able to use Apple Pay Cash. Apple Pay Cash lets you send money from person to person through iMessage or Siri. It’s Apple’s way of replacing popular payment apps such as Venmo, which is incredibly popular among the younger generation. Venmo has had a huge impact on my day-to-day life making annoying tasks such as splitting the bill at a restaurant much easier. Does this scenario sound familiar to you? You go out to eat with a big group of friends and at the end of dinner, the group tries to pay with an assortment of cash and various credit cards. There is always one person who takes on the burden of gathering the different forms of payment and doing the math to see who owes what. It’s also an absolute nightmare for the waiter/waitress who is handed 7 different credit cards and a fistful of cash. With payment apps such as Venmo, one person can take the bill and charge everyone else at a later time.

Apple Pay Cash is a similar concept with the added benefits of making payments through iMessage or Siri. To start using Apple Pay Cash, you’ll have to meet some conditions listed below.

• iPhone 6 and all newer models
• Updated to iOS 11.2
• Two-factor authentication for your Apple ID
• Credit or debit card
• Must be at least 18 years old

Setting up Apple Pay Cash in Wallet

1. Tap Settings
2. Tap Wallet & Apple Pay
3. Tap Apple Pay Cash card
4. Follow onscreen instructions

Make sure to keep your debit or credit card in hand because you’ll need it to finish setting up your Apple Pay Cash. Once you’re set up, you’ll see your Apple Pay Cash card among the cards that you have in your Wallet. This virtual card can be used to make purchases at participating stores. The default pin is if you use the Apple Pay Cash card is always 0000.

Tapping the Apple Pay Cash card offers some in-depth information about your account. You can easily add money to your account, which is taken from the debit card you added. You can also transfer your money into your associated bank account once you want to cash out your balance.

How to transfer to your bank account

1. Tap Settings
2. Tap Wallet & Apple Pay
3. Tap Apple Pay Cash card
4. Tap Transfer to Bank
5. Transfer the intended amount to your bank account

If you need to add your bank account, make sure to have your routing number or account number ready. Keep in mind that it will take 1-3 business days for the transfer to complete.

Paying through iMessage

1. Tap iMessage
2. Start a new iMessage with the person you want to send money or receive money
3. Tap on the App Store icon next to the Camera
4. Tap the Apple Pay icon
5. Request or pay the desired amount

Paying through Siri

1. Say “Hey Siri” or hold the home button
2. Say “Pay _______”
3. Tap Apple Pay or say “Apple Pay”
4. Say how much you want to send
5. Siri will show you a summary of the payment and if you want to proceed say “Send”

You will only be able to send money to people who have iMessage and are updated to iOS 11.2. If you try to send money to someone without iOS 11.2, it will notify that this person cannot receive payments sent with Apple Pay at this time.

Additional Information about Apple Pay Cash

• There is no fee for using a debit card
• Credit cards will cost the standard 3% credit card fee
• Setting up Apple Pay Cash doesn’t affect your credit and won’t be impacapted by any credit freezes
• Maximum balance you can have is $20,000
• Per transaction, you can add a minimum of $10
• Per transaction, you can add up to $3,000
• Within a 7-day period, you can add a maximum of $10,000
• You can only send a minimum of $1 per iMessage
• You can only send or receive up to $3,000 per iMessage
• Within a 7-day period, you can send or receive a maximum of $10,000