Barkings! | The SmallDog Apple Blog

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My granddaughter Khadija is away at college at Boston University and from time to time she will hit her gramps up for some bucks. I am happy to help, because as I tell Grace, what exactly do I work for if not to help out my granddaughter! But that’s not the story, when Khadija asked me for $20 I asked her how to send it to her and she uses Venmo. That’s what I did but then I told her Apple Cash is coming out and the next time I am only sending by Apple Cash!

With the latest release of iOS11.2 for your iPhone and iPad, Apple has activated Apple Cash which is a really easy way to send money to friends and family. It is basically an App for Messages and it works really well. But even better you can just ask Siri. I just said “hey Siri, pay Grace a dollar” and just like that I virtually took a dollar out of one pocket and put it in another.

You can connect Apple Pay Cash to a credit or a debit card but if you use a credit card you will be dinged the 3% fee. Use your debit card and there is no fee!

But let’s review how to set up and use Apple Pay Cash. Step one is that you have to be sure to upgrade your iPhone or your iPad to the latest iOS – iOS 11.2. To do that, simply go to Settings—->General—->Software Update and check to see if you are current.

You do have two-factor authentication turned on, right? You need that for so many features that just about everyone should have it active. If not go to settings—>iCloud—>Password & Security—->Two Factor Authentication and follow the instructions there.

Okay, so you have iOS 11.2 and Two Factor Authentication, what now? Now open the Wallet app. At the top you will see a brand spanking new Apple Pay Cash card. Click on that and hit continue to activate your Apple Pay Cash card. This card is really important. This is where you will receive any money that others send to you. It will be stored in your Apple Pay Cash card and can be easily used to send cash to someone else, to pay for goods or services using Apple Pay or you can transfer it to your bank account.

Once your digital Apple Pay Cash card is set up, you will be asked to pair a credit or debit card to the new service. I put in one of each but a debit card makes the most sense since you do not get charged the 3% fee. If you put in more than one you will be asked each time to choose which card you want to use, which is another step.

Once you have added a card and agreed to the terms and conditions you will be asked to verify the card by entering in a code that will be sent to you automatically. Now, you can add some cash to your Apple Pay Cash card if you wish. That makes sending money a couple clicks easier but it is not necessary.

If you click on the “i” button on the Apple Pay Cash card screen you will get your information screen which will tell you your balances, have buttons for adding money or transferring it to your bank, etc. It also has a tab to review your transactions.

To send money to a friend you can simply ask Siri in the Messages app, open the App drawer and choose the Apple Pay icon. Remember that both parties must have iOS 11.2 installed for person to person payments to work. So, that means no sending bucks to Android users.

When you tap on that icon you will get a pop-up to ask you how much you want to send. Your friend will receive a pop-up to accept. Once you verify the transaction using your fingerprint or in the case of the iPhone X it is super easy – just look at your iPhone and bingo! you have sent the cash.

Your friend has instant access to the cash in their Apple Pay Cash card which they can use for Apple Pay or to send on to someone else. If you want to transfer the money to your bank account you tap on Transfer to Bank and then add your bank account’s routing number and account number. These transfer requests can take up to 3 days so they are not instant.

You can set up your Apple Cash Card as your default payment in Apple Pay if you find that you have a lot of good friends sending you cash all the time. If you are going to send or receive more than $500, Apple Pay might require that you verify your identity with social security number, DOB or even your driver’s license.

Regardless, I think that at least for the millions that use iPad and iPhones Apple Pay Cash will be the easiest way to send money and should give PayPal and their peer-to-peer cash system, Venmo, a run for the money, so to speak.

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