P2P Apple Pay : How To Use Apple Pay Peer To Peer

22/08/2024 Freddy news Comments Off on P2P Apple Pay : How To Use Apple Pay Peer To Peer
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P2P Apple Pay : How To Use Apple Pay Peer To Peer

Apple Pay offers peer-to-peer (P2P) payments, allowing you to send and receive money directly to and from other Apple Pay users. This feature is currently available within the Messages app or by asking Siri.

However, Apple has announced a new P2P feature called “Tap to Cash” that will be available with the iOS 18 update in Autumn 2024. “Tap to Cash” will enable iPhone users to transfer money simply by holding their phones together, even without needing each other’s phone numbers.

How To Use Apple Pay Peer To Peer

Currently, there are two main ways to use Apple Pay peer-to-peer payments:

1. Using the Messages App:

  • Open the Messages app and start a new conversation or tap an existing one with the person you want to send money to.
  • Tap the Apple Pay icon (it looks like a stylized “A”) in the app bar above the keyboard.
  • Enter the amount you want to send.
  • Tap “Pay”, then double-click the side button on your iPhone to confirm.
  • Authenticate with Face ID, Touch ID, or your passcode.

2. Using Siri:

  • Activate Siri by saying “Hey Siri” or pressing and holding the side button (or home button, depending on your iPhone model).
  • Say something like: “Send [amount] to [contact name] using Apple Pay.”
  • Confirm the details when Siri asks.
  • Authenticate with Face ID, Touch ID, or your passcode.

Apple Pay Peer To Peer

Coming Soon: Tap to Cash

In Autumn 2024, with the iOS 18 update, Apple will introduce a new P2P feature called “Tap to Cash”.

This will allow you to transfer money simply by holding your iPhone near another iPhone, even without needing each other’s phone numbers. More details on how to use this feature will be available once the update is released.

What is the limit on Apple Pay P2P?

The limits on Apple Pay P2P transactions are as follows:

  • Per message: You can send or receive a minimum of $1 and a maximum of $10,000.
  • Within a 7-day period: You can send or receive a maximum of $10,000.

However, you might also be limited by the available balance on your debit or prepaid card or limits from your bank or card issuer.

If you are part of Apple Cash Family:

  • Per message: You can send or receive a minimum of $1 and a maximum of $2,000.
  • Within a 7-day period: You can send or receive a maximum of $2,000.

Please note that these limits are subject to change and it is always advisable to confirm with Apple Support or your financial institution for the most up-to-date information.