Since the start of October, Apple workers have been testing Apple Pay Cash in a particular model of iOS 11.1 that allowed the characteristic to be enabled by an inside system certificates. The take a look at was initially restricted to company workers, however later expanded to retail workers. Apple Pay Cash didn’t find yourself delivery in iOS 11.1, however it’s apparently prepared for iOS 11.2.
Apple Pay Cash works by the Messages app and is designed to permit for fast person-to-person cash transfers, very similar to Square Cash or Venmo. It’s obtainable as a devoted iMessage app within the built-in Messages app, with money transferred by iMessage transactions. Though most Apple Pay Cash protection has targeted on the iPhone, cash will also be despatched utilizing an Apple Watch.
Cash could be despatched from a linked debit or bank card, whereas acquired money is saved in an Apple Pay Cash card in Wallet that can be utilized for purchases or despatched to a checking account. Sending money by a bank card incurs a three% charge, whereas sending money from a debit card is free.
The Apple Pay Cash card obtainable in Wallet is being made obtainable by a partnership with Green Dot, an organization that gives pay as you go Discover playing cards. For Apple Pay Cash to work, each events have to have the characteristic enabled and activated. Money can solely be despatched in a one-on-one message, with Apple Pay Cash not obtainable in group messages.
Apple Pay Cash may also be obtainable on the Apple Watch with watchOS four.2, and customers can ship money straight from the Messages app on the wrist-worn system.
To use Apple Pay Cash in immediately’s beta, each individuals will must be operating the iOS 11.2 public beta. $10 minimal should be loaded onto the Apple Pay Cash card in Wallet, two-factor authentication should be turned on, and an iPhone 6 or later is required. Apple Pay Cash is restricted to the U.S. at the moment.
Apple first introduced person-to-person Apple Pay as an iOS 11 characteristic at its Worldwide Developers Conference in June, however it was not carried out in any of the iOS 11 betas and in the direction of the tip of the beta testing interval, Apple confirmed it will be coming in a future iOS 11 replace.