The new service, which was first unveiled in June, is designed to rival other similar apps like Square Cash and Venmo. Apple had hoped to include it into the latest version of the operating system iOS 11 which was launched in September. However, Apple Pay Cash’s launch was delayed until December when iOS 11.2 was released.
The major drawback of the new app is that it is not compatible with Android systems. You can only access the money-transfer service via an up-to-date iPhone, Apple Watch, or iPad.
The service was available Monday, but not all iPhone users had access to it.
Transfer Cash via Apple Pay Cash
The new feature can be accessed from the iMessages app. After you launch the app, look for the App Store icon next to the message box. There you can access the Apple Pay icon.
However, you might need to set the feature up first from the Settings app > Wallet & Apple Pay. The system will verify your identity too and ask you to confirm your real name and address. Ensure you agree to the terms and conditions.
After the setup process, you can transfer money for free. But you will need a debit card for that. If you use a credit card, the iPhone maker will charge 3% on each transaction.
If you don’t want the app to access your credit or debit card whenever you need to transfer money, you can fuel your Apple Pay account via a bank account. The app will automatically draw the money directly from the bank account during each transaction.
Each payment, though, will prompt you to confirm it with a passcode, your face, or fingerprint.
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