Published: Tuesday, December 05, 2017 @ 11:43 AM
By: Debbie Lord, Cox Media Group National Content Desk
— Apple Pay Cash is now live for U.S. users, allowing iPhone, Apple Watch, and iPad owners to transfer money to virtual Pay Cash cards.
The app requires iOS 11.2, and works with iPhone 6 or later, iPhone SE, the 5th generation of iPads, iPad pro, iPad Air 2, iPad mini 3 or later and the Apple Watch.
Apple Pay Cash allows users to send and receive money through iMessage conversations using the Messages app. Cash is sent from a linked debit or credit card, according to Apple. If you are receiving cash, it is stored in an Apple Pay Cash card in the Wallet app. That cash can be used for purchases or it can be transferred to a bank account.
According to Apple, you will have to have two-factor authentication turned on to use the app.
The app is being rolled out to the latest iOS beta first, so it may not be available immediately to some.
There are limits on the amount of money that you can send and received per day and per transaction. If you are adding cash, there is a minimum of $10 per transaction. You cannot add more than $3,000 per day. You cannot add more than $10,000 over a 7-day period.
If you are sending or receiving cash, there is a $1 minimum and a $3,000 maximum. You can send or receive up to $10,000 over a 7-day period.
According to Apple, here’s what you need to use Apple Pay Cash:
Here’s how to set up Apple Pay Cash: