Apple Pay Cash has arrived to United States customers, enabling person to person cash payments through Apple Pay and iMessage. So, if you want to, for example, pay your friend back for a meal out, sending the money through Apple Pay Cash means the payment is instantly deposited onto an Apple Pay Cash card added into the Wallet and available for immediate use.
Apple Pay Cash is ideal for smaller payments among friends - for instance, suppose a user owes their friend some money.
Though retail purchases are possible with Apple Pay Cash, the service's primary function is an easy way to transfer money between friends through iMessage.
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. The recipient doesn't even need to have Apple Pay setup on their device first.
This feature was initially introduced in WWDC 2017, now finally every Apple Watch users can enjoy the same.
Apple says the transfers are secure on both ends of the transaction with Apple Pay. And since there's no Touch ID, much less Face ID, you'll have to key in your passcode the old-fashioned way. Tap Apple Pay Cash card, then follow the onscreen instructions. Within a 7-day period, users can send up to $20,000 tho their bank account. You can not add more than $3,000 per day.
After this is completed, the Apple Pay button at the bottom of a conversation in Messages is seen.