Apple Pay Cash - Just how safe is it?

Discussion in 'iOS 11' started by WolfSnap, Nov 8, 2017.

  1. WolfSnap macrumors 6502a


    Sep 18, 2012
    I've been trying to find information on Apple Pay Cash's sending/receiving policies, and so far haven't had that much success..

    I read the terms and conditions, and in there, it says that payments are non-refundable once sent. Great! BUT, if I send money from a credit card and/or a debit card, I can always get that charge reversed...

    Now, let's say I'm selling an iPhone on Craigslist, and we both agree to pay via. Apple Pay Cash.

    But, unknown to me was that the person who I'm selling the phone to is a huge scammer and as soon as I give him the iPhone (and receive the Apple Pay Cash payment), he's on the phone with his credit card company claiming that the charge wasn't authorized.

    Let's also assume that the credit card company sides with the scammer..

    What happens to the money I received? Does it get returned to the issuing bank? Am I on the hook for the money? What if I've already transferred the money to my bank? Is it going to get reversed from there too?

    Or, is this the risk Apple/Green Dot is taking, and THEY will absorb the loss and go after the scammer for the loss, meanwhile I'm safe and secure with the Apple Pay Cash payment I received?

    Sure, payments from friends are fine -- but, for this to really be useful, I need to know what happens in the event that someone claims it was an unauthorized payment...
  2. macfacts macrumors 68040


    Oct 7, 2012
  3. kylew1212 macrumors regular

    Oct 17, 2017
    Huntsville, AL
    Not necessarily true. There has been scammers use counterfeit cash to buy items on craigslist.

    Watching this thread.

    I'm also very curious about the original question. This could be an extremely easy and safe way for selling items via craigslist.
  4. hansenc macrumors 6502


    Jun 16, 2004
    Something tells me you should treat Apple Cash like Venmo and only use it with people you trust.
  5. Glee217 macrumors member


    Jun 20, 2016
    I am on the same boat as a seller on craigslist as well. So did youactually find your answer?

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4 November 8, 2017