How to Use Apple Pay Cash and Avoid the 3% Transaction Fee

How to Use Apple Pay Cash and Avoid the 3% Transaction Fee

How to Use Apple Pay Cash and Avoid the 3% Transaction Fee

The feature allows users in the United States with an up-to-date iPhone to send money to other iPhone users through the company's Messages app.

While Apple Pay Cash started rolling out yesterday, the new feature has just gone live for many users today. Apple announced it in June during its developer's conference.

Another aspect with the latest update is that it comes with the fix for the date bug that caused iOS 11.1.2 devices to crash after December 2. It's not activated for all users yet: some may not see the Apple Pay Cash toggle in the Wallet & Apple Pay settings page, or the Wallet app inside of the Messages app. At the moment it is only available in the US.

Before proceeding to download the update, you need to charge the device completely and also establish connectivity with Wi-Fi.

Users can then use this account to pay for goods and services through Apple Pay.

You'll need to verify your identity.


You can also invoke Siri and send money, by saying, "Send $10 to John". The service was not available at launch on the weekend, Apple has now enabled it.

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The service is free to use. If you use a credit card, there is a 3% fee on each transaction, which can be avoided altogether by using a debit card.

The P2P payments are integrated in the iMessage app, using contact details to send payments with cards already registered on Apple Pay.

Now that you've got everything set up, you can also choose to link your bank account to withdraw funds from Apply Pay Cash. You can find out how to set up your Apple Pay Cash card here.

Now Apple has flipped the switch meaning all US users can begin using the Square Cash and Venmo competitor.

Unfortunately, there are some limits in sending and receiving money with Pay Cash. The minimun amount is US$10. Over a seven-day period, a maximum of $10,000 can be added. With the Cash app, people can send and receive money from friends instantly.

Despite the limits, it could still help you eliminate the hassle of paying through the paper currency when paying your friends for stuff.

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