Apple Pay Cash Allows Person-to-Person Payments From Apple Devices

To see how to use Apple Pay to send or receive money, click on the video at the top of the story. The payments using Apple's debit card will be free using Apple Pay Cash while transactions via credit card will be accompanied by a 3% fee, with a $3,000 Dollars limit set for individual payments.

Apple Watch users can now simply ask Siri to pay someone.

Apple Pay Cash can be used to make quick and secure purchases in stores, apps and on the web.

When a user receives a payment from another user, the payment will automatically be added to a new Apple Pay Cash card that lives in their Wallet app.

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Keep in mind though, Apple have just released their new software for iOS 11.2, Apple Pay Cash was suppose to be rolled out to devices over the course of the weekend but instead the update was released early to fix a bug that caused it to crash.

Unlike Venmo and other payment apps, Apple Pay Cash doesn't work on Android devices.

For users anxious about possible information theft or other security issues, Apple guarantees security along with the convenience of Apple Pay Cash. In that case, they will be prompted to accept the terms and then the funds will be added to their new Apple Pay Cash card. Both parties to an Apple Pay Cash transaction must have the feature enabled on their iPhone or Apple Watch. For person to person transfers, there is a minimum of $1 and a maximum of $3,000 per transfer, along with a $10,000 weekly maximum.

Sending and receiving money with Apple Pay and the Apple Pay Cash card are services provided by Green Dot Bank, according to Apple. In June 2016, Apple Pay users gained the ability to make cash withdrawals from Bank of America ATMs using their iPhones.

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