Apple has officially launched Apple Pay Cash today for all iOS 11.2 users with an eligible iPhone or iPad model in the United States.
Apple Pay Cash allows for quick person-to-person money transfers, much like competing services Square Cash and Venmo.
Apple Pay is now the simplest and most convenient way to make person to person payments on iPhone, iPad and Apple Watch. Apple customers already use iMessage to communicate with friends and family, and now they can get paid right within those everyday conversations, or by just asking Siri to pay someone.
They can use the debit and credit cards they already have added to Apple Pay, so there’s no need to install an app or create yet another account.
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 instantly to pay someone or make purchases using Apple Pay in stores, apps and on the web. They can also choose to transfer it from Apple Pay Cash to their bank account.
After setting up Apple Pay Cash, open the Messages app, tap on the App Store icon, tap on Apple Pay, set the dollar amount, tap pay, select a payment card, and securely authenticate with Touch ID or Face ID. The payment card can be any debit or credit card set up in the Wallet app, or the Apple Pay Cash card.
The recipient taps on the message to receive the funds, which are instantly added to his or her Apple Pay Cash card in the Wallet app. The card’s funds can be used to make purchases using Apple Pay in stores, in apps, and on supported websites, or withdrawn to a bank account within one to three business days.
When new users receive money for the first time, the funds are added to their new Apple Pay Cash card once they accept Apple’s terms.
Users can also view their transaction history, including person to person payments as well as purchases they’ve made in stores, apps and on the web with Apple Pay Cash, right in Wallet.
Apple Pay Cash is available on iPhone 6 and later, iPhone SE, all iPad Pro models, the fifth-generation iPad, iPad Air 2, and iPad mini 3 models running iOS 11.2.
Apple recommends that customers who have updated to iOS 11.2 before today restart their devices if Apple Pay Cash is not showing up.