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iOS 17 to Enable Recurring Apple Cash Payments for Kids Allowances and Other Shared Expenses

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Apple today announced that iOS 17 will include an option to set up recurring Apple Cash payments on a weekly, biweekly, or monthly basis, a feature that will be useful for kids allowances and regularly shared expenses, such as rent payments.

Apple-Cash-Recurring-Payments.jpeg

Alongside this feature, users will have the option to automatically top up their Apple Cash balance when it runs low, according to Apple.

Apple revealed this addition in a press release highlighting a long list of new services-related features coming to iOS 17, iPadOS 17, macOS Sonoma, watchOS 10, and tvOS 17. Another feature announced was the ability for iPhone users to present an ID stored in the Wallet app at participating businesses later this year.

Article Link: iOS 17 to Enable Recurring Apple Cash Payments for Kids Allowances and Other Shared Expenses
 
Article Link
https://www.macrumors.com/2023/06/07/ios-17-recurring-apple-cash-payments/
This is going to be a useful feature. Apple going after PayPal/Venmo, Cash App, Zelle, and the like.

Bonus: Apple Cash balance (since it's held with Green Dot Bank) is FDIC insured unlike storing funds with PayPal/Venmo
 
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It's about time. I've learned that growing up today is very different from when I grew up. Very few places accept cash, and I don't always like the idea of having my kids use the Apple Card for their purchases, which I then have to pay off. Giving them some regular spending money via Apple Cash will be useful for many parents out there.
 
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“iOS 17 to Enable Recurring Apple Cash Payments” 😃🤑

“…for Kids Allowances and Other Shared Expenses” ☹️😭
 
snak-atak said:
It's about time. I've learned that growing up today is very different from when I grew up. Very few places accept cash
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I've never come across a place of business that didn't accept cash. On the other hand, there have been places that only took cash (e.g. Pho restaurants, street food vendors, food trucks, etc.)
 
snak-atak said:
It's about time. I've learned that growing up today is very different from when I grew up. Very few places accept cash, and I don't always like the idea of having my kids use the Apple Card for their purchases, which I then have to pay off. Giving them some regular spending money via Apple Cash will be useful for many parents out there.
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Now that Kroger accepts Apple Pay it’s more like, send my kid to do the shopping because they actually think it’s fun and I get to sit at home 🤣
 
sw1tcher said:
I've never come across a place of business that didn't accept cash. On the other hand, there have been places that only took cash (e.g. Pho restaurants, street food vendors, food trucks, etc.)
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Depends where you live. For example here in Phoenix you will run into a few businesses like coffee shops that will only take cards.

Just like I believe every business should offer Apple Pay, every business should also offer cash payments. Never understood why a business would want to limit how you got paid, money is money.
 
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It's about time! I'm tired of giving my kids cash and gold bricks. It just gets old quickly.
 
dontwalkhand said:
Just like I believe every business should offer Apple Pay, every business should also offer cash payments. Never understood why a business would want to limit how you got paid, money is money.
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I agree. U.S. currency is legal tender and should be accepted everywhere in the U.S. And there are still millions of Americans who are unbanked which means they don't have any other form of payment but cash.

With the increasing revolt against rising swipe fees, I've been seeing more (mainly small) businesses prefer cash over cards as well.
 
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Weaselboy said:
You had it made! I got five cents for each year old I was. So 50 cents at age ten, and so on. That said, you could get a candy bar for a dime and the movies were 25 cents.
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Lol, I was expected to do chores and things without any allowance ever. Any money I had was because I earned it with a paper route when I was 12 and up. It was a good life lesson, though, as I’ve never come close to having money issues even considering paying for college and other big expenses. But it is a different era these days.
 
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iMacDragon said:
All legal tender means is it has to be accepted as payment of a debt, and a store purchase is not debt
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When you go to a restaurant and you don't have to pay the bill until after you're done eating, how is that not debt?

I understand there's no debt when you're asked to pay for something before you receive the product/service. But there are some restaurants and other businesses where you pay after the fact that do not accept cash.
 
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Sure, a traditional table service restaurant would be a case of debt where service is given before payment, vs a fast food or street food vendor where food is given at time of payment.
 
iMacDragon said:
All legal tender means is it has to be accepted as payment of a debt, and a store purchase is not debt
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Just because it doesn’t have to be accepted doesn’t mean it shouldn’t.

Just like how Walmart should be required to accept Apple Pay, and it should be mandated that Apple Pay/Contactless should be accepted if you accept cards, period.

Never understood why people would want to limit options. I run a small business myself, when I get paid, I just want to get paid, regardless of “mode”, as long as it’s in full to me. I don’t care wether you give me a card, tap your phone, Venmo me, give me cash, or hell even write me a check.
 
jmh600cbr said:
How about bringing this to Canada?
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Canada has one of the most stable banking systems in the world and one of the main reasons for that is its high degree of centralization and insulation from American banks. So unless Apple is willing to comply with stringent Canadian regulations, it won't happen. This is the same reason the Cash app isn't available in Canada.
 
sw1tcher said:
I agree. U.S. currency is legal tender and should be accepted everywhere in the U.S. And there are still millions of Americans who are unbanked which means they don't have any other form of payment but cash.

With the increasing revolt against rising swipe fees, I've been seeing more (mainly small) businesses prefer cash over cards as well.
Click to expand...
The federal reserve says businesses do not have to accept cash, and businesses are free to develop any payment policies they see fit for their business. That being said, a business is dumb for limiting ways their customers are choosing to give them money. One would think that a business would want to make it easier for customers to give them money, regardless of if it's cash, card, Apple Pay, otherwise. No I don't want to have to download an app to pay you, you should just take my Apple Pay, and the person with a few bucks on him should be able to buy some food from you as well.

The same reason I believe public transit system should enable Open Payments, and allow anyone to board regardless of how they choose to pay, wether if its card, apple pay, cash, bus pass, otherwise (like London, New York, etc).

Unnecessary restrictions are just plain dumb in general.

I guess my belief is, the control should be with the customer. If they want to use cash, let them. If they want to use Apple Pay, let them.

Yes there are fees to some methods, but it's called, the cost of doing business.
 
For years, I always get the error that ApplePay is not available because of a system error. And to try again later. Pffft - I've long stopped putting in so much time to do simple tasks through Apple...
 
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