Apple Pay Cash Coming in Future Update to iOS 11 and watchOS 4

[MacRumors]

Apple today confirmed that Apple Pay Cash will be released as part of a future update to iOS 11 and watchOS 4.

Coming this fall with an update to iOS 11 and watchOS 4, Apple Pay users will be able to send and receive money from friends and family quickly, easily and securely. Pay and get paid right in Messages, or tell Siri to pay someone, using the credit and debit cards they have in Wallet. When users get paid, they receive the money in their new Apple Pay Cash card in Apple Wallet and can use the money instantly.

Apple added a "Coming This Fall" label to Apple Pay Cash on its website recently, so it was already likely the new feature won't be available on iOS 11 launch day tomorrow, and now we know for certain.

Apple Pay Cash is a new peer-to-peer payment service that enables iPhone, iPad, and Apple Watch users to send and receive money.

When the feature launches, users will launch the Messages app, tap on the App Store icon, select Apple Pay from the app drawer, set the dollar amount, tap pay, select a payment card, and securely authenticate with Touch ID or Face ID.

The payment card can be any debit or credit card linked to Apple Pay in the Wallet app, or the Apple Pay Cash card.

The recipient taps on the message to receive the funds, which are instantly added to the Apple Pay Cash card in the Wallet app. The card's funds can be used to make purchases using Apple Pay, or withdrawn to a bank account.

Apple Pay Cash will be free to use with the Apple Pay Cash card and debit cards, but it will have an industry standard three percent fee for credit card transactions to cover processing costs, according to Recode.

Apple Pay Cash will only be available in the United States at launch. Apple has yet to share details about a wider rollout.

Article Link: Apple Pay Cash Coming in Future Update to iOS 11 and watchOS 4

 

[Dwalls90]

Hopefully it actually comes this Fall.

iMessages in iCloud is still outstanding too.

 

[killawat]

$20 dollars for Ramen? Kid must be buying that gourmet stuff.

 

[CarlJ]

Yes, "money for ramen", because mom doesn't respond as well to "money for beer".

 

[levitynyc]

I'll just keep using Venmo.

 

[benface]

$20 dollars for Ramen? Kid must be buying that gourmet stuff.

Is $20 for ramen that expensive? Here in Montreal it's around that, including taxes and tip.

 

[44267547]

I think this is a fairly convenient way to send money to someone. And the fact the funds are available instantly is more accommodating then actually waiting for the transaction to process if someone needed the money for something more urgent.

 

[chetttos]

Well, there is no Apple Pay on my country, so this sucks a little less.

 

[stoopkidblues]

Hopefully iCloud iMessages comes with this update too

 

[DMaki650]

LOL "Coming This Fall"...... Which is this friday. I have this feeling that based on the Apple site it's an app in the iMessage app store.

 

[adepew]

Is the black message bubble a feature of Apple Pay Cash?

 

[nutmac]

Hopefully iCloud iMessages comes with this update too

Agreed. I didn't run into any issues when I beta tested "Messages in the iCloud" feature and I loved it. Not only does the feature sync messages across devices, it frees up storage space on the device (similar to iCloud Photo Library's optimize storage feature).

I heard the feature is flaky when you have free or low storage plan (I have 2TB plan so I never ran into any issues).

 

[dan9700]

Nothing is really all i want is icloud messages but seems everything is coming soon

 

[576316]

Looking forward to this. A far more elegant solution than PayPal or Paym.

 

[fairuz]

Is the black message bubble a feature of Apple Pay Cash?

I'll be sending people 1 cent just to make the bubble black.

 

[Joe Rossignol]

Is the black message bubble a feature of Apple Pay Cash?

Looks like it. You can send a message with your payment.

 

[Ds6778]

Good, maybe they can focus on all the bugs in IOS 11. 3D Touch lagg is completely unacceptable.

 

[profets]

Apple Pay Cash will be free to use with the Apple Pay Cash card and debit cards, but it will have an industry standard three percent fee for credit card transactions, according to Recode.

I was curious about how you would get funds into the Apple Pay Cash card. I guess when transferring from a debit card within Apple Pay it'll be free, but if you want to send money or transfer to Apple Pay Cash from a credit card it'll have this fee?

 

[fairuz]

Looking forward to this. A far more elegant solution than PayPal or Paym.

The thing to compare it to is Venmo, as nobody uses PayPal for these kinds of transactions. Or you can compare to Bitcoin Cash! loljk

Apple Pay Cash will be free to use with the Apple Pay Cash card and debit cards, but it will have an industry standard three percent fee for credit card transactions, according to Recode.

Well, this sucks, unless it's free from a debit card as the above poster was speculating.

 

[jgelin]

Very excited for this feature.

 

[0003939]

There seems to be a hint towards an October event now.

 

[tardman91]

20 cents

20 dollars

 

[dannys1]

Yes, "money for ramen", because mom doesn't respond as well to "money for beer".

Or "money for drugs"

 

[ovo6]

Fast charging available now for 100$

 

[jaack]

I hope we don't have to wait too long for this to launch outside of the States.