How to Send or Receive Money on Apple Pay

The Apple Watch pairs with your iPhone to enable payments on the go. As of 2022, Apple Pay facilitated over $1 trillion in transaction volume during 2022 – a substantial increase from 2021. If you’re using Apple Cash to make a purchase either online or in a store, you’ll need to pay using Apple Pay. Also, you should enable two-factor authentication (2FA) for your Apple ID to add an extra security layer. Apple Pay is accepted in many countries and regions, but its availability can vary. Support is limited in Africa, and not all South American countries offer Apple Pay.

How to send money through Apple Pay: step by step

You can use this balance for future Apple Pay purchases or transfer it to your bank account. Instead of tapping “Pay,” tap “Request” and send the payment request. The person will receive a notification they can tap to complete the payment. The Messages app offers the simplest way to send money directly to another person. To get started, open a conversation with the recipient in Messages. Tap the Apple Pay button (looks like a dollar sign) at the bottom of the screen.

Step 3: Enter the Amount

Apple makes no representations regarding third-party website accuracy or reliability. If the person you sent money to has not accepted the money yet, you can cancel the payment. Some people visiting the Schengen area, which includes 29 countries, will be required to complete the biometric checks, to start with. Choose how much to send and whereSelect the amount of money and which currency it should be exchanged into.

Review the details and authorize the payment with Face ID, Touch ID, or your passcode. The recipient will get a notification when the money arrives. To transfer Apple Cash the 11 best bitcoin wallets of 2021 to someone else, open the Wallet app on your iPhone and tap your Apple Cash card.

As you start to accumulate money on the Apple Cash card, you may want to move it to a debit card or a bank account. This can be done by going to the same place where you added funds to the card, by clicking the icon with three dots next to your digital card. From there, you can tap “Transfer” and confirm the transaction with your passcode, Face ID, or Touch ID. If you already have eligible debit cards on file, just tap “Transfer” and select the card you want to send the money to. If you have money on your Apple Cash card you can withdraw it to your bank account in 1 — 3 working days, or make an instant transfer to an eligible debit card⁶.

Identity verification issues frequently prevent users from receiving money. Apple requires verification for security and regulatory compliance purposes. Each entry shows the payment amount, sender’s name, and transaction date. If Green Dot Bank were to fail, users’ Apple Cash balances would be protected up to the insurance limit.

Delivery options

To create one, go to Settings on your iOS device and tap “Sign in to your iPhone.” If you don’t have an account, select “Don’t have an Apple ID? If someone sends you money in Messages and you don’t have Apple Cash set up, you’ll see Accept in the message. When you tap Accept, you’ll be prompted to set up Apple Cash. After you set up Apple Cash1, you can add money to your balance using the debit or prepaid cards2 that you already use with Apple Pay in Wallet. Please follow the steps in the support article linked below. By selecting “Continue to your bank”, you bene league a step closer as belgian clubs vote to merge with dutch football will be taken to an external interface with different privacy and information security policy.

Using Apple Cash for Purchases

Before you can actually start sending money, you need to make sure Apple Cash is all setup and ready to go. The exact strategy for how to send money on Apple depends on the device you’re using. Below, I’ll tell you how to send money cryptocurrency wallet guide for beginners 2020 on an iPhone or iPad. Then, I’ll explain how to do it with an Apple Watch, which is just a little bit different.

• «I don’t feel like a wealthy person. Yes, I do get to go on holiday, but when I do, it’s the cheapest holiday.»
• Consider any limits an app has on how much money you can send.
• Follow the steps to enroll and start sending and receiving money.
• This requires verification through both your Apple ID password and a code sent to your trusted devices.

This ensures users always have funds available for transactions. Before receiving money through Apple Pay, you need to set up the service on your device. This process involves creating an Apple ID, linking your financial accounts, and completing identity verification for Apple Cash. Here’s a simple, step-by-step guide on how to send or receive money using Apple Pay through Apple Cash in the Messages app or Wallet app. In your Apple Cash transaction history, person-to-person payments appear with a name, phone number, or email address. If the transaction status says pending, the receiver hasn’t accepted your payment yet, and you can cancel it.

• For Apple Cash specifically, you must link a debit card to transfer received money to your bank account.
• Users can collect payments through the Messages app, view and manage their funds in the Wallet app, or proactively request money from friends and family.
• Use this article to decide whether Apple Pay – including Apple Cash – is right for you or if you need other ‘better’ alternatives.
• To receive money, the sender must have your phone number or email address that’s linked to your Apple ID.
• On top of exchange rates, providers usually attach a transfer fee that varies based on the destination and the amount being sent.

This process adds another layer of protection for your information. You’ll need to confirm transactions with Face ID, Touch ID, or your passcode. This security step ensures nobody else can send payments using your voice. Tap “Pay” and then confirm with Face ID, Touch ID, or your passcode.

You can only deposit funds using a debit or prepaid card in your Apple Wallet. The lowest amount you can load is $1013 for each transaction, while the highest amount you can contribute is $10,000. Also, you can deposit a maximum of $10,00013 altogether in a week. For Apple Cash Family, the least amount per transaction remains at $10. However, the highest limit per transaction decreases to $2,000.

FDIC Insurance on Apple Cash

Recurring payments through Apple Pay can save time and prevent missed bills. To set up this feature, users need to access their Apple Wallet and select the card they wish to use for regular payments. If there’s an “Accept” button in the message, tap it to manually receive the pending payment. Each transaction shows the date, amount, and the name of the person who sent or received the payment. Users can tap on any individual transaction to see more details, including the status of the payment and any notes attached to it.

What are the steps to accept payment via Apple Pay on an iPhone?

Bankrate.com is an independent, advertising-supported publisher and comparison service. We are compensated in exchange for placement of sponsored products and services, or by you clicking on certain links posted on our site. While we strive to provide a wide range of offers, Bankrate does not include information about every financial or credit product or service. To send money from Wallet, simply tap the Apple Cash card in Wallet and then tap Send.

Then, open a conversion with the person in the Messages app and tap the plus (+) icon to make a payment. With Wise you can set up your transfer online or in app, and make your payment with a low fee and the mid-market rate. When it’s time to pay for your transfer, select Apple Pay, to send money seamlessly through Apple Pay and Wise, with great rates and transparent costs every time. The funds will be transferred from your linked debit card to your Apple Cash balance. The transaction usually processes immediately, making the funds available for use right away. Choose “Instant Transfer” to send the money to a linked debit card immediately.