Apple Pay Cash Now Available with Latest iOS Update

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Apple has shared reports on their App Store support page showing statistics of their of their current devices and the percentages of which devices are using specific operating systems.

By adding Apple Pay Cash features to Apple Pay, the company now puts its full payment services on par with competitors including Venmo, Square Cash, PayPal and Google Wallet, which already allow person-to-person money transfers in the United States.

Although Apple Pay Cash may be useful for financial matters, users should also take note of the various limits of the feature. But Apple has the huge advantage of already having millions of people who use Messages and who also have already stored their credit and debit cards on their iPhones.

Apple Watch users can now simply ask Siri to pay someone.

Apple released a full overview of the new feature that allows iPhone, iPad, and Apple Watch users with the latest iOS 11.2 to transfer money easily.

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Apple debuted Apple Pay Cash with the iOS 11.2 update last Wednesday, Dec. 5.

Apple Pay Cash can be used to make quick and secure purchases in stores, apps and on the web. Once the account is verified, each person can have a maximum balance of $20,000. Apple will add a 3% fee if you use a credit card to send money. Within a seven-day period, users can send or receive a maximum of $10,000. You will also be able to execute transactions in businesses thanks to a virtual debit card which is compatible with iOS devices.

The minimum amount of money that can be added to an account from a user's USA debit card or prepaid card is $10 per transaction, while the maximum that can be added in each transaction is $3,000.

For users anxious about possible information theft or other security issues, Apple guarantees security along with the convenience of Apple Pay Cash.