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Just wanted to add to this: I was having this issue with a wallet I bought on Friday; I finally exchanged it at the Apple store today and am having the same issue. The guy at the store had no idea what the issues might be or how to fix it.

The phone is at least recognizing it as a wallet accessory now which is an improvement; it’s just not able to add it to Find My.

Annoying.
 
For what it’s worth, I was told by an Apple rep tonight that this is a known issue now and they are going to release a software fix. We’ll see.
 
Pretty sure it’s a bug in ios 15. Just like the bug with the Apple watch that we can’t use to unlock our phones when wearing a mask.
 
Pretty sure it’s a bug in ios 15. Just like the bug with the Apple watch that we can’t use to unlock our phones when wearing a mask.
Interestingly enough, my Watch connectivity is perfectly fine. The only issue I’m having is with the wallet.
 
exchange it, its prob defective… ordered 2 one worked one did not… exchanged it today and the new one worked right away
 
exchange it, its prob defective… ordered 2 one worked one did not… exchanged it today and the new one worked right away
I exchanged mine and the second behaved the same way. Apple has already acknowledged that this is an issue and is working on a software fix.
 
Mine is working fine, no issues here.
Minor comment: Does anybody know how to change the name of the wallet? it's the only icloud "device" that I can't change it seems...
 
Mine is working fine, no issues here.
Minor comment: Does anybody know how to change the name of the wallet? it's the only icloud "device" that I can't change it seems...
Mine says wallet out of the box. Funny that you cannot edit the name.
 
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