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

On Monday, the company launched Apple Pay Cash.

The new feature is the biggest part of Apple's latest iOS11.2 update which they had no choice but to release early thanks to software bugs in 11.1.2.

Just about two weeks removed since the release of iOS 11.1.1 - an update which finally fixed that pesky keyboard bug which autocorrected the letter "I" to an odd-looking symbol - we're now getting word that another keyboard issue with iOS 11 has emerged.

One of the major issues that has been solved by iOS 11.2 is the December 2 date bug.

Now Apple has flipped the switch meaning all USA users can begin using the Square Cash and Venmo competitor. Considering Apple Pay was available for quite a while in the U.S. before the United Kingdom rollout, it's not likely to be imminent.

The Apple Pay improvements were announced during Apple's Worldwide Developers Conference in June.

Note: in order to successfully send Apple Pay Cash payments, both the sender and recipient must be registered for Apple Pay Cash, according to the setup process below.

You'll need to verify your identity.


Tap the Messages App Store icon to the left of the iMessage text field, and select Apple Pay there.

If you are stocking your Apple Pay Cash card with funds from a current debit account, there are no fees. You can use it to send and receive money in the Messages app. When making payments, the virtual Apple Pay Cash card is linked to a credit or debit card stored in the Wallet, and it can draw funds from here if there is insufficient balance available for a particular transaction.

The same applies to transferring money to your bank account, though the overall maximum you can beam to your account over seven days is $20,000.

When entering your bank account information, you need to input your account number and routing number so that you can link your Pay Cash account to your bank account. When adding cash, there's a minimum $10 requirement for every transaction and a maximum amount of $3,000.

Saying something like "Send x dollars to Zac using Apple Pay cash" is a super fast and satisfying way to pay others.

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