A Little Bit Easier! Apple Officially Launches Apple Pay Cash

A Little Bit Easier! Apple Officially Launches Apple Pay Cash

Apple has shared reports on their App Store support page showing statistics of their of their current devices and the percentages of which devices are using specific operating systems. Anyone using the iMessage and Wallet apps will be able to receive and send money as soon as they update to iOS 11.2 and restart their devices.

Although Apple Pay Cash may be useful for financial matters, users should also take note of the various limits of the feature.

Supported devices for Apple Pay Cash capabilities include iPhone SE, iPhone 6 and later, Apple Watch, iPad Pro, iPad (5th Generation), iPad Air 2, and iPad mini 3 or later. According to the official release, each transaction will require verification with either the Face ID on the iPhone X, the Touch ID on other iPhone and iPad models, or a secure password on the Apple Watch.

When users get paid, the money they receive is added to their new Apple Pay Cash card that lives in the Wallet app.

The Apple Pay Cash card, which was just introduced in December with the latest iOS 11 update, is part of newly introduced functionality that Apple has added to Apple Pay, its mobile wallet. They can use the money instantly1 to pay someone or make purchases using Apple Pay in stores, apps and on the web. When new users receive money for the first time, it's simply added to their new Apple Pay Cash card once they accept the terms. On Monday, Apple finally launched Apple Pay Cash, its own person-to-person payment system. Once the account is verified, each person can have a maximum balance of $20,000.

The minimum amount of money that can be added to an account from a user's U.S. debit card or prepaid card is $10 per transaction, while the maximum that can be added in each transaction is $3,000. The maximum amount that can be added in any seven-day period is $10,000. From there, you can send your Apple Pay Cash balance to a connected bank account.

Sending and receiving money with Apple Pay and the Apple Pay Cash card are services provided by Green Dot Bank, according to Apple. In addition, it can only be done if Apple Pay Cash is already set up in an iPhone running on iOS 11.2.

Related Articles

  • Budweiser maker Anheuser-Busch reserves 40 Tesla electric trucks

    Budweiser maker Anheuser-Busch reserves 40 Tesla electric trucks

    Adviser Investments LLC acquired a new position in shares of Anheuser Busch Inbev in the 3rd quarter valued at about $298,000. Anheuser-Busch Inbev S.A. (BUD) now has a 50-day moving average of 118.41, the 200-day is at 113.73, and the 7-day is 114.90.

    Scotiabank Reiterates $27.00 Price Target for Range Resources (NYSE:RRC)

    Over the last 12 months, LOW's free cash flow per share is a negative -0.55, while that of RRC is also a negative -11.74. Moreover, Allen Invest Management Llc has 0.01% invested in Range Resources Corporation (NYSE: RRC ) for 11,513 shares.
    Ed Sheeran Received This Major Honor from Prince Charles at Buckingham Palace

    Ed Sheeran Received This Major Honor from Prince Charles at Buckingham Palace

    At the end, Ed had a brief conversation with Prince Charles and told him that he was travelling to NY tomorrow for another gig. The Grammy Award victor spoke about his grandfather Bill Sheeran after the ceremony, saying he would be proud of his medal.
  • Brussels Loses Euro 2020 Matches To Wembley

    Brussels Loses Euro 2020 Matches To Wembley

    The other host cities for Euro 2020 are: Baku, Copenhagen, Munich, Budapest, Rome, Amsterdam, Bucharest and Bilbao. Glasgow's Hampden Park and Dublin's Aviva Stadium will host last-16 matches and three group games.
    Xiaomi looks for IPO next year

    Xiaomi looks for IPO next year

    According to one of the people, its float could be the world's "largest technology IPO" next year. However, industry sources suggest that Xiaomi is being highly optimistic about its valuation.
    Saudi prince revealed as buyer of $450mn Da Vinci painting

    Saudi prince revealed as buyer of $450mn Da Vinci painting

    Salvator Mundi has a controversial history , with at least one expert doubting that it is the work of Renaissance master da Vinci. The Louvre in Abu Dhabi already has anor Da Vinci's wall, La Belle Ferronnière, lent by Louvre in Paris.
  • Ryanair faces its first strike

    Ryanair faces its first strike

    The warning came as the airline's pilots across Europe intensify efforts to push for collective bargaining and unionisation at the carrier.
    LG is Selling a Limited Edition $1800 V30 Covered in Ceramic

    LG is Selling a Limited Edition $1800 V30 Covered in Ceramic

    LG made the headlines previous year when the LG V20 was the first ever smartphone that operates Android Nougat. One other surprise of the LG V30 Signature Edition is the fact that it runs Android Oreo out of the box.

    SeaWorld Entertainment (SEAS) Receives Daily Media Impact Score of 0.15

    SeaWorld Entertainment, Inc . on 9/29/2017 reported its EPS as $-0.14 with the analysts projecting the EPS of the stock as $-0.11. Prudential Plc increased its stake in Danaher Corp (DHR) by 28.08% based on its latest 2017Q2 regulatory filing with the SEC.
  • Sophie Turner Fires Up First Look of Jean Grey in 'Dark Phoenix'

    Sophie Turner Fires Up First Look of Jean Grey in 'Dark Phoenix'

    Turner said "It's about the butterfly effect of this thing happening". X-Men: Dark Phoenix will hit theaters on November 2, 2018 . Check out more X-Men: Dark Phoenix images below via EW.
    USA  to maintain Russian Federation  sanctions until it withdraws from Ukraine, Tillerson says

    USA to maintain Russian Federation sanctions until it withdraws from Ukraine, Tillerson says

    More than 10,000 people have been killed in the fighting between Ukrainian forces and Russian-backed rebels. Moscow has denied supplying arms and fighters.
    Cleveland Browns: Takeaways from the offense's performance in Week 13

    Cleveland Browns: Takeaways from the offense's performance in Week 13

    Brown had no experience in evaluating players as he primarily handled the team's salary cap before he was promoted. Brown was named the team's top executive by the Haslams during an overhaul following the 2015 season.