What Is The Difference Between Apple Pay And Apple Cash?

Apple Cash and Apple Pay

Apple Cash formerly Apple Pay Cash is Apple’s peer-to-peer payments service. You can use Apple Cash to make and receive payments in Messages, or you can get Siri to send money for any online transactions. Also with Apple cash as an online Instant transfer that you can use on your Apple wallet for sending money. Recently Apple cash Instant Transfer now works with Mastercard debit cards. Apple Cash, Apple’s peer-to-peer payments service that works with Apple Pay and iMessage.

It’s now possible to use Instant Transfer with both Mastercard and Visa debit cards. Previously only the latter card could be used, so the addition of Mastercard means Instant Transfer is more accessible to users who want to quickly transfer money from an Apple Cash balance to a bank account without having to wait for the transaction to be processed.

What is the difference between Apple Pay and Apple Cash?

What is the difference between Apple Pay and Apple Cash
Apple cash

Both Apple Pay and Apple Cash services are integrated into the Messages app. You can send and receive money as you would a text message, with no additional downloads necessary beyond the operating system. Note that these services are available only in the U.S.

How do Apple Pay and Apple Cash work?

How do Apple Pay and Apple Cash Work
Apple Pay

Apple Pay users make payments from their mobile device, funded by a linked credit or debit card. These payments must be approved with a passcode, Touch ID, Face ID or a double-click on Apple Watch’s side button.

Apple Cash can be found in Apple’s digital wallet. You can load cash from a debit or prepaid card, then use the wallet to fund Apple Pay transactions or send and receive money from others.

If you have an  Apple Card, Apple Cash is also funded with Daily Cash. When you pay with your Apple Card through Apple Pay, you automatically get back a percentage of your purchase as Daily Cash. In that way, you can get cash back with Apple Pay.

When a user receives money, it’s kept in the recipient’s Apple Cash account. The user can store and eventually spend it using Apple Pay or transfer it to a Visa debit card or a bank account, which can take up to three days.

For balances over $1, Apple Cash has a $1 minimum transfer requirement when transferring money to a bank account. But if your balance is under $1, you can transfer the full balance.

The minimum deposit is $10 when you transfer from your debit or prepaid card into the wallet.

Apple Cash and Apple Pay Features

Digital wallet costThere’s no fee to send, receive or request money using Apple Cash with normal delivery. If you select “instant transfer” when moving Apple Cash money to your bank account, however, there is a 1% fee subject to a $0.25 minimum and $10 maximum.
Linking optionsEligible U.S. credit, debit or prepaid cards.
Speed for cashing out to a bank accountWithin 30 minutes with Instant Transfer if using an eligible Visa debit card. 1-3 business days to use a bank transfer.
What you needApple device with the most recent operating system. Two-factor authentication set up for Apple ID. Money on the Apple Cash card or an eligible debit card that’s linked to the mobile Apple Wallet.

Source: NerdWallet

Apple Cash allows you to send up to $10,000 to another recipient per transaction, and transfer up to $20,000 per week to your debit card or bank account. You can use money received via Apple Cash on many apps and websites as well as at millions of stores that accept Apple Pay. In addition, you can apply for the company’s credit card, the Apple Card, which also integrates with the other digital applications.

How to Set up an Apple Cash Card on iPhone and iPad?

When you set up Apple Cash, you can send and receive money in the Messages app or make purchases using Apple Pay.

How to Set up an Apple Cash Card on iPhone and iPad
Apple cash mobile App

Remember you need to be at least 18 years old and a residing in the United States.

You should Have a compatible device with iOS 11.2 or later or watchOS 4.2 or later. 

Need to set up two-factor authentication for your Apple ID.

You can sign in to iCloud with the same Apple ID on any device that you want to use to send or receive money.

Also add an eligible debit card in the Wallet app, so you can send money.

Apple Cash Set up
Apple Cash Set Up
  • Now  to set up Apple Cash open the Settings app on your iPhone or iPad.
  • Scroll down and tap Wallet & Apple Pay.
  • Turn Apple Cash on.
  • Under Payment Cards, tap Apple Cash.
  • Tap Continue, then follow the instructions on your screen.
  • When someone sends you money, it’s automatically and securely kept on your Apple Cash card. Your new Apple Cash card can be found in the Wallet app.
  • If you’re under 18 years old, your Family Sharing organizer can set up Apple Cash for you with Apple Cash Family.

If you turn off Apple Cash for any one device, you can still use Apple Cash on other devices where you’re signed in with your Apple ID.

Under Payment Cards, tap Apple Cash.

Confirm your personal details and then wait for your Apple Cash card to activate.

Once activated, an Apple Cash card will appear in the Wallet app and you’ll be able to access your Apple Cash from there.

Alternatively, you can also use the Wallet app to enable Apple Cash. Launch the Wallet app and tap the Apple Cash card that appears there. Apple will walk you through the setup process, and ask if you want to enable ‌Apple Pay‌. You’ll then be directed to the Settings app to confirm your information.

What all you can do with Apple Cash?

What all you can do with Apple Cash
Even Siri Helps you to send money
  • You can add money  to Apple Cash. 
  • Also make purchases using Apple Pay. 
  • Send money to someone in the Messages app.
  • Transfer money from Apple Cash to your bank account.
  • Use your Apple Cash to make payments on your Apple Card balance
  • Receive Daily Cash from Apple Card purchases

Note that  there’s no fee to send, receive, or request money using Apple Cash and setting up Apple Cash doesn’t affect your credit and won’t be impacted by any credit freezes.

To protect your account, you might be asked to verify your identity at certain points when using Apple Cash. 

Sending and receiving money with Apple Pay and the Apple Cash card are services provided by Green Dot Bank, Member FDIC.  You can’t use person to person payments with Apple Pay for any business-related activities, such as operating a business or paying employees.

Apple Card is issued by Goldman Sachs Bank USA, Salt Lake City Branch. Apple Card is available only in the United States.

How to make instant transfer using Apple Cash?

How to make instant transfer with Apple Cash
Wallet App

To make an Instant Transfer, open the Wallet app and select your Apple Cash card, then tap the three-dotted icon. Tap Transfer to Bank, enter an amount, and select Instant Transfer.

Currently only available in the United States, Apple Cash can be used to make and receive payments in Messages, or you can get Siri to send money to a friend or family member.

When someone sends you money, it goes on your virtual Apple Cash card, which is stored securely in the Wallet app on your iPhone. You can use the money on it to send to someone, make purchases using ‌‌Apple Pay‌‌ in stores, within apps, and on the web.

When someone sends you money, it goes on your virtual Apple Cash card, which is stored securely in the Wallet app on your iPhone or iPad. You can use the money on it to send to someone, make purchases using ‌Apple Pay‌ in stores, within apps, and on the web. Alternatively, you can transfer the money on your Apple Cash card directly to your bank account.

There’s no fee to send, receive, or request money using Apple Cash, and setting up an Apple Cash card won’t affect your credit score.

Also as mentioned  if you’ve applied for Apple’s own-branded credit card – called simply Apple Card – you can use Apple Cash to help pay off your Apple Card balance. You can also take advantage of Apple Card’s “Daily Cash” rewards system, where Apple pays out cash back bonuses on a daily basis.

There’s no limit to how much Daily Cash you can get, and it’s paid daily into your Apple Cash card – if you have one.


Q1. Are there any Apple Cash Casinos?

You can only find as of now Apply Pay online casinos.  You can use Apple Cash to make purchases just as you would with physical cards and cash. It works anywhere Apple Pay is accepted — in stores, online, and in apps. You can also transfer your Apple Cash to your bank account.

Q2. What is the function of Apple Cash and Apple Pay?

Apple Cash lets you send and receive money in Messages. The money you receive appears on your Apple Cash card in Wallet. You can spend it however you like, just as you would with physical cards and cash.

Apple Pay enables you to make secure, contactless purchases using your Apple Cash, your Apple Card, and any other credit and debit cards that you add to Wallet.

Q3. How do I add money to my Apple Cash card?

You can easily transfer money from your debit card to your Apple Cash card. And the money you receive in Messages is added to your Apple Cash balance. If you use Apple Card, your Daily Cash back is deposited to your Apple Cash card, too.

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