In follow up to the news reported earlier this week that Apple has launched its own P2P service (Apple Pay Cash), more details are emerging about how it actually works and the providers involved. Money received via Apple Pay Cash will be stored in a digital card in the Wallet app, which users will be able to spend anywhere Apple Pay is accepted.
Apple Pay Cash's person-to-person payment feature is available to users that are at least 18 years old.
Affected users have been asked to consult Apple Support. They can pay by transferring funds using the feature instead of opening an entire app or hitting the ATM to settle the debt.
iOS 11 is now running on 59 percent of iPhones and iPads according to Apple, which has updated its developer support page with the new data. So, using this feature one can send and receive the money via messenger.
Users can also view their transaction history, including person to person payments as well as purchases they've made in stores, apps and on the web with Apple Pay Cash, right in Wallet. There you can access the Apple Pay icon. That cash can be used for purchases or it can be transferred to a bank account.More news: Google Lashes Out at Amazon by Blocking YouTube
Each payment, though, will prompt you to confirm it with a passcode, your face, or fingerprint.
Those delays-presumably coupled with lagging demand for the iPhone 8 by users anxious to pick up Apple's latest phone-enabled Android to increase its market share by 4.3% in the five biggest European markets, 8.2% in the United States and 7.5% in Japan during the three months ending October 2017.
Using Apple Pay Cash is free with a debit card. Go to Settings Wallet Apple Pay Apple Pay Cash and tap the button to toggle it on. Is Apple Pay Cash a Venmo killer, though? In a 7-day timeframe, users can add up to $10,000.
When it comes to sending and receiving money on iMessage, the minimum amount is $1 per message, while the maximum is $3,000.