Official Apple video shows you how to use Apple Pay Cash

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Since the launch of Apple Pay in the United States, the payment service has been expanded to Canada, France, Russia, Switzerland, the United Kingdom, Australia, Mainland China, Hong Kong, Italy, New Zealand, Singapore, Japan, Spain, Ireland, and Taiwan.

The catch? Your device (s) must support the new iOS 11.2, which is available now as a free update and is required to make person to person payments and use Apple Pay Cash on iPhone and iPad. 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.


Existing Apple Pay users will be able to use their current Apple Pay accounts with the expanded services and won't have to install a new app, according to Apple. To see how to use Apple Pay to send or receive money, click on the video at the top of the story. Funds are then added to a virtual Apple Pay Cash card that is issued by Green Dot, a prepaid card firm, to be used for online and in-store purchases. 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.

Money can also be sent through Siri as the feature will ready Apple Pay Cash when dollar amounts are mentioned. And while Messages and Apple Pay Cash are built into the latest version of Apple's mobile operating system, consumers have to download Venmo separately. Money you receive will be added to the Apple Pay Cash card in your Apple Wallet.


Making the Apple Pay Cash services particularly convenient is that it includes the ability for users to send their direct payments to others right from an iMessage on their Apple devices, where they are already communicating with friends. Once the account is verified, each person can have a maximum balance of $20,000. In addition, it can only be done if Apple Pay Cash is already set up in an iPhone running on iOS 11.2.

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.


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