The Definitive Guide to Apple Cash

What is Apple Cash?

Apple Cash is a tool to transfer money between peers. Operating similar to Venmo, Apple Cash is primarily used to send and receive money from individuals rather than stores. Users can transfer money via iMessage and confirm using their password, Touch ID, or Face ID. Money received enters your Apple Wallet in the form of an Apple Cash card, which you can then use to make purchases in online stores and apps.

How to Use Apple Cash

To use Apple Cash, you must have an iPhone with at least iOS 11.2, Apple Watch with at least WatchOS 4.2, or iPad. You must be at least 18 years old and a US resident. First, you must set up your Apple Pay or Apple Wallet. When you are ready to use Apple Cash, go into the Apple Wallet app and send money to your Apple Cash account from your debit card. Then, navigate to iMessage to send money to peers. Confirm with either password, Touch ID, or Face ID. 

When you receive money, you can find it in your digital Apple Cash card located in your Apple Wallet. You can then use the money to shop online, in apps, or transfer to your bank account.

Apple Cash vs Apple Pay

It is easy to be confused about the difference between Apple Cash and Apple Pay. Apple Pay is the overlying system that must be in place to use Apple Cash. Apple Cash is simply a tool within Apple Pay used to transfer money between peers. Apple Cash is less for making purchases in stores (though you can use money received to pay in stores) and more for money transfer between friends and family.

Conclusions

Apple Cash is a quick and easy way to send money through text messages. It is a feature within Apple Pay that enables money transfers for casual situations. With potential transfers to your bank account and online stores, Apple Cash is definitely a useful tool for existing customers in the Apple ecosystem.