How Does Apple Cash Work?

Apple Cash is a new feature that allows users to send and receive money through iMessage. Here’s how it works and what you need to know.

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What is Apple Cash?

Apple Cash is a feature that allows you to send and receive money with fellow Apple users quickly, easily, and securely. Using the Messages app, you can send and receive payments right alongside your regular conversations. The money you receive appears in apple cash card in the Wallet app, and you can use it just like any other credit or debit card. You can also transfer your Apple Cash balance to your bank account.

How to set up Apple Cash

If you’re running iOS 11.2 or later, you can set up Apple Cash on your eligible iPhone or iPad. Once you set up Apple Cash,* you can use it to pay someone in Messages, or to make using apple pay in stores, apps, and on the web. You can use apple cash to pay for transit.

To set up Apple Cash, you need an iPhone with Touch ID or Face ID.* You also need to be at least 18 years old and a resident of the United States.

Here’s how to set up Apple Cash:

1. Open the Wallet app and tap .
2. Follow the steps on your screen.
3. When asked if you’d like to set up Apple Cash, tap Continue. Then tap Set Up Later or Set Up Now.4 If you choose Set Up Now, enter your date of birth and tap Next. If you choose Set Up Later, you can finish setting up Apple Cash later in the Wallet app.

Just like with your other devices and services, you should keep your devices and passcodes secure, and only use them with people and businesses that you trust. All transactions are monitored for suspicious activity 24 hours a day by our team of security experts.”

How to use Apple Cash

If you have an iPhone, you use apple cash to pay someone back for something or to make a purchase in stores, in apps, and on the web. You can also use Apple Cash to pay for transit.

To use Apple Cash, you need to set apple pay on your iPhone.

Once you have set up Apple Pay, you can add money to your Apple Cash balance so that you have money available when you need it. You can do this by transferring money from your bank account or by using a credit or debit card.

If you receive money from someone else in a message, it will go into your Apple Cash balance. You can use this money to make purchases or send it to someone else. You can also transfer your Apple Cash balance to your bank account.

Fees and limits

Transaction Fees
When you use Apple Cash to send money to someone, there are no fees. However, if you use a credit or debit card to fund your payment, there is a 3% fee.

Receiving Fees
There are no fees for receiving money with Apple Cash.

You can only add up to $3,000 per transaction and $10,000 within a 7-day period.

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