Apple Pay Cash lets users send cash directly within Messages or even ask Siri to pay someone. Apart from that, the update brings a host of new features for the users. The new service "Apple Pay Cash" was first announced with the launch of iOS 11.
So how does Apple Pay Cash work?
Apple has officially launched Apple Pay Cash for US customers, which lets users easily send person to person payments securely to friends and family. Though Apple has done a good job of fixing some of the more egregious issues we've seen with minor software updates, it seems that we can't even go a week or two without some new freaky software problem rearing its ugly head. The latest update, the company has introduced the Apple Pay Cash, faster wireless charging for iPhone 8, iPhone 8 Plus and iPhone X and other fixes. Then, tap the black Apple Pay icon in the dock. This virtual debit card can store money you put on it and you can use it to pay for goods and services anywhere that accepts Apple Pay payments-whether that's websites or contactless terminals in off licenses.
You also need to verify your identity. So does Apple's new feature finally make you a believer in Apple Pay? If you use a credit card, there is a 3% fee on each transaction, which can be avoided altogether by using a debit card. You can then enter the amount you want to send or request, and send it as a message. You also have to confirm your legal name and address.
Unfortunately, there are some limits in sending and receiving money with Pay Cash. The second option is to transfer money to a bank accounts. You can find out how to set up your Apple Pay Cash card here. Money that you receive is routed to your Pay Cash card, which you can either use for purchases wherever it's supported, or you can transfer it to a connected bank account. With the Cash app, people can send and receive money from friends instantly.