Are apple pay and apple cash the same thing?

Use Apple Cash with Apple Pay. Apple Pay powers Apple Cash, which works a lot like a debit card and lets you send and receive money right in Messages. Just set up your Apple Cash card in the Wallet app and send money to your squad for brunch — or ask them to pay you back.

Can Apple cash be used as Apple Pay?

You can use Apple Cash wherever you use Apple Pay: Send and receive money with Apple Pay (U.S. only) Make contactless payments using Apple Pay. Pay in apps or on the web using Apple Pay.

How does Apple Pay cash work?

When someone sends you money, it’s securely received and kept in Apple Cash. You can use the money right away¹ to send to someone, spend with Apple Pay, or you can transfer the money to your bank account or eligible debit card. If you send money to someone and they don’t accept it, you can cancel the payment.

Can you get scammed on Apple Pay?

The way you can get scammed with Apple Pay is the same as you could get scammed while using any other payment system. Scammers make you transfer your money via Apple Pay to appear as if it was your own choice. A cybercriminal will use social engineering to pretend to be your friend or a family member asking for money.

Why should I use Apple cash?

Not only can you use funds in your Apple Cash card to send and receive money via Messages, but you can also use it to make Apple Pay purchases at retail locations, on the web, and in apps. You can even transfer Apple Cash funds to your own bank account or eligible Visa or Mastercard debit card.

Is there a downside to Apple Pay?

The one downside to the rewards is that they go into your Apple Cash account by default, rather than against your credit balance, though you can set it up to dump money there. One boon to the system is that, unlike typical bank reward plans, you get the money soon after the payment is charged, rather than once a month.

Do you need a bank account for Apple cash?

To use Apple Cash, you must be at least 18 years old and be a US resident. You’ll need to have iOS 11.2 or later, or if you’re using an Apple Watch, WatchOS 4.2 or later. … You can use this cash to make payments in stores, in apps and online — or you can transfer your balance to your bank account.

How do I get Apple cash into my bank account?