Maybe you didn’t know that because it’s “very Apple.” So, so Apple that it’s not even available on other devices. And maybe not even in yours. But it’s true, Apple’s Bizum exists and I will call Apple Pay Cashnot to be confused with the Apple Pay system.
In this article, we will review the differences between the two systems, in addition to explaining what exactly Apple Pay Cash is. Also the big disadvantage of this platform today, given that At the moment it is not available in USA although there have been indications that it might happen.
What is Apple Pay Cash and what devices is it available on?
Apple Cash is a tool owned by Apple Payments Inc., a financial company located in the United States and, unsurprisingly from its name, is owned by Apple. It’s a platform with which to send and receive money in the same way that we could do it with Bizum or other PayPal type platforms.
The idea with which it was born is, according to Apple itself, to provide a secure payment gateway between individuals, although it is also used for business payments. It is linked to a checking account and the bottom line is that you do not need to provide private information to a third party to process the payment.
In addition, it allows you to have a virtual balance in order to make purchases safely without worrying that someone can steal money from your card. In all cases, a random virtual card number is added to each transaction, making it impossible to identify, as is the case in Apple Pay.
Which devices are compatible with Apple Cash
This platform works via iMessage or Wallet, Apple’s two native applications, the first being integrated into the ‘Messages’ application. Simply chat with another user who has Apple Cash so that, by clicking on their respective icon, we can send or request a payment.
The service itself It is available on iPhone, iPad, Apple Watch and Apple Vision Pro. While it is true that it has been proposed for a few versions of the operating systems of these terminals, Apple does not establish a minimum requirement beyond recommending that the latest version of the system be available at all times.
How to set up Apple Cash
Although you may see the Apple Cash logo in your iPhone app, be aware that only works in the United States. It was released there a few years ago and, although there are speculations about its international launch as we will tell you later, the truth is that the company has not yet confirmed its expansion.
If you are a US citizen and you are over 18 years oldthe steps to follow are as follows:
- Open the settings app on your device.
- Go to the “Wallet and Apple Pay” section.
- Tap “Apple Cash”.
- Now click “Continue” and follow the steps given on the screen.
How to send or receive money with Apple Cash
Continuing with the previous line, who must be over 18 years old and in the United States, you can use this service by following these steps:
On iPhone and iPad
- Open the “Messages” app and enter the chat of the person you are going to send or request money from.
- Tap the “+” icon in the lower right corner.
- Elige ‘Apple Cash’.
- Indicate the amount of money you want to send or request.
- Click ‘Send’.
- Confirm the operation by pressing the side button twice.
- Identify yourself with Face ID or Touch ID.
On Apple Watch
- Open the “Messages” app and enter the chat of the person you are going to send or request money from.
- Tap the App Store icon.
- Elige ‘Apple Cash’.
- Using the ‘-‘ and ‘+’ buttons, enter the amount of money you want to send or request
- Click “Send” or “Request”.
- Confirm the operation by pressing the side button twice.
En Apple Vision Pro
- Open the “Messages” app and enter the chat of the person you are going to send or request money from.
- Select your Apple Cash card.
- Select the quantity you want to send or request.
- Tap your debit card and double-click at the top to pay or request.
- Confirm the operation using Optic ID.
What are the differences between Apple Pay and Apple Cash
Apple Pay and Apple Cash share some of the name and essence, since both are used to make payments, but they are not the same. Apple Pay is a payment method similar to a debit or credit card, only in digital format. A card must be linked to the system and when we want to make a payment in an establishment we will have to select the card, identify ourselves with Face ID or Touch ID and bring the iPhone closer to a dataphone to make the payment (it can also be do in online stores).
In exchange Apple Cash does not work contactless as is the case with Apple Pay. In this case, it is as if a new payment card is created that can be linked directly to a bank account and transfer the balance from one to another to carry out operations that, fundamentally, are based on the sending money from one contact to another.
Why Apple Pay Cash is not in USA
Officially, Apple has never expressed the reasons, but it is an open secret that It hasn’t arrived yet for legal reasons. It’s not exactly the same thing, but it’s a similar case to the company’s own card, the Apple Card. In this case, this is due to the commissions and other regulations that the company must comply with to provide this service not only in USA, but throughout the European Union.
Rumors have been heard in the past regarding its incorporation. Especially since the Apple Cash icon also appeared on iPhones in these countries. However, no progress has been made in this regard and we are still waiting for its launch. Who knows, maybe WWDC 2024 will serve to announce its expansion, although we insist that from today it is not something that has been leaked that will happen.
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