Apple Ends Support for Funding Person-to-Person Payments With Credit Cards, Renames Apple Pay Cash to 'Apple Cash'

Apple yesterday began sending emails to Apple Pay customers, warning them about new changes to the service that are taking effect immediately with iOS 12.2 and watchOS 5.2. With the updates, Apple has ended support for sending money through ‌Apple Pay‌ Cash using a credit card (including the upcoming Apple Card).

apple cash new name
Previously, users could link their credit card to fund person-to-person payments in Messages, which are then linked to ‌Apple Pay‌ Cash in the Wallet app. Now, Apple has stopped accepting credit cards as funding options for ‌Apple Pay‌ Cash effective March 25, 2019.

‌Apple Pay‌ users can still send money using a debit card or their existing ‌Apple Pay‌ Cash balance. The company says that the update "will ensure ‌Apple Pay‌ Cash customers never have to worry about cash advance fees that may be charged by issuing banks."

In the same email, Apple discusses ‌Apple Pay‌ Cash Instant Transfers, which lets users quickly transfer money from an ‌Apple Pay‌ Cash balance to an eligible Visa debit card in the Wallet app. These transfers are processed within minutes and a 1 percent fee (minimum fee of $0.25 and maximum fee of $10) is deducted from the amount of each transfer. Traditional bank transfers still remain, offering free ACH bank transfers that take one to three business days.

Lastly, during yesterday's keynote Apple showcased a new name for ‌Apple Pay‌ Cash, now simply called "Apple Cash." The company highlighted the name change during the ‌Apple Card‌ segment of the event, explaining how ‌Apple Card‌ owners will be able to get Daily Cash rewards that instantly appear on their Apple Cash cards.

Jennifer Bailey, VP of Apple Pay: "So when you're buying your morning coffee, shopping for groceries, and any time you pay using Apple Card, you get Daily Cash. Not a month from now, but every day. So every day you spend, cash is added to your Apple Cash card, which is also in the Wallet app.

This simplifies the name, although the change has yet to appear as of iOS 12.2. It's possible the name change will show up alongside the launch of ‌Apple Card‌ this summer.

If you missed yesterday's event, or want a quick refresher, be sure to check out or six-minute recap of everything Apple announced at the event.

Related Roundup: Apple Pay

Popular Stories

iOS 18

Here Are Apple's Full Release Notes for iOS 18.2

Thursday December 5, 2024 11:48 am PST by
Apple seeded the release candidate version of iOS 18.2 today, which means it's going to see a public launch imminently. Release candidates represent the final version of new software that will be provided to the public should no last minute bugs be found, and Apple includes release notes with the RC launch. The iOS 18.2 release notes provide a look at all of the new features that are coming...
New Things Your iPhone Can Do in iOS 18

20 New Things Your iPhone Can Do in iOS 18.2

Friday December 6, 2024 4:42 am PST by
Apple is set to release iOS 18.2 in the second week of December, bringing the second round of Apple Intelligence features to iPhone 15 Pro and iPhone 16 models. This update brings several major advancements to Apple's AI integration, including completely new image generation tools and a range of Visual Intelligence-based enhancements. There are a handful of new non-AI related feature controls...
iPhone 17 Slim Feature

iPhone 17 'Air' Expected to Be ~2mm Thinner Than iPhone 16 Pro

Friday December 6, 2024 4:07 pm PST by
In 2025, Apple is planning to debut a thinner version of the iPhone that will be sold alongside the iPhone 17, iPhone 17 Pro, and iPhone 17 Pro Max. This iPhone 17 "Air" will be about two millimeters thinner than the current iPhone 16 Pro, according to Bloomberg's Mark Gurman. The iPhone 16 Pro is 8.25mm thick, so an iPhone 17 that is 2mm thinner would come in at around 6.25mm. At 6.25mm,...
iPhone 14 Pro Display Two Times Brighter Feature

Every Display Upgrade Rumored for Apple's iPhone 17

Friday December 6, 2024 5:14 am PST by
Apple's next-generation iPhone 17 lineup may bring some of the most significant display improvements we've seen in recent years. While the iPhone 17 series isn't expected until late 2025, multiple rumors suggest Apple is working on substantial screen upgrades across its entire smartphone range. From enhanced refresh rates to advanced materials and improved power efficiency, these display...
airpods pro 2 gradient

AirPods Pro 3 Expected Next Year: Here's What We Know

Thursday November 28, 2024 3:30 am PST by
Despite being released over two years ago, Apple's AirPods Pro 2 continue to dominate the wireless earbud market. However, with the AirPods Pro 3 expected to launch sometime in 2025, anyone thinking of buying Apple's premium earbuds may be wondering if the next generation is worth holding out for. Apart from their audio and noise-canceling performance, which are generally regarded as...
Generic iOS 18

Apple Seeds Second Release Candidate Versions of iOS 18.2 and More With Genmoji, Image Playground and ChatGPT Integration

Monday December 9, 2024 10:06 am PST by
Apple today seeded the second release candidate versions of upcoming iOS 18.2, iPadOS 18.2, and macOS 15.2 updates to developers and public beta testers for testing purposes, a week after releasing the first RCs. The first iOS 18.2 RC had a build number of 22C150, while the second RC's build number is 22C151. Release candidates represent the final version of beta software that's expected to see a ...
iCloud General Feature

Apple Defeats Lawsuit Related to iCloud's Measly 5GB of Free Storage

Friday December 6, 2024 7:43 am PST by
The U.S. Court of Appeals for the Ninth Circuit this week upheld a lower court's dismissal of a lawsuit alleging that Apple illegally deceived customers into paying for iCloud storage, according to a court filing. The decision was reported by Law360. The lawsuit alleged that Apple deceived customers into purchasing iCloud-enabled devices by misleading customers into believing that they can...
top stories 7dec2024

Top Stories: iOS 18.2 Coming Soon, iPhone 17 Rumors, and More

Saturday December 7, 2024 6:00 am PST by
2024 is rapidly drawing to a close, but Apple isn't quite done with releases for the year as iOS 18.2 and related operating system updates are arriving very shortly. Apple Intelligence is a major focus for these updates, but there are some other tweaks and improvements arriving for all users. Looking toward hardware rumors, discussion continues around Apple's work on a foldable iPhone, an...

Top Rated Comments

Mlrollin91 Avatar
75 months ago
Sorry I'm not familiar with how things work in the US. But this is just your own money right, not credit card? So you're being charged to access your own cash.

So this is like a tax on being poorer and having lower cash reserves? Otherwise you just wait a bit longer?

But why are people transferring money from Apple to a debit card anyway? Because they need to access cash from an ATM? Apple doesn't support ATMs?

I don't understand why you'd put your money into this bank service that then places these "inconvenience fees" on you.
You seem to be making a much bigger deal out of this than it actually is. People pay other people with Apple Cash. The receiving party has two options to transfer that money to their bank. 1) ACH for free (takes 1-3 days), or 2) Instantly to a debit card, for 1% fee. If you want your money now, you pay a convenience fee. This is not uncommon.

Apple Cash is not a ATM card, you cannot use an ATM - besides ATMs charge a $2-3 fee to use unless its your bank's ATM.

Apple Cash is not a "bank service" its a way to send and receive money from people, like PayPal or Venmo. PayPal and Venmo also charge these fees for instant transfer. I'm pretty sure it costs them money to make an instant transfer so they are recouping it by charging you.
Score: 12 Votes (Like | Disagree)
bigboyz12000 Avatar
75 months ago
I love how Apple lists all of these reasons but leaves out that they themselves are offering a credit card (main reason) HAHA!
Score: 12 Votes (Like | Disagree)
PastaPrimav Avatar
75 months ago
Ending that is a good idea. I know plenty of people who have accidentally taken a cash advance on their credit card thanks to trying to use Apple Pay person-to-person. Which is something no one ever wants to do, or ever should do.
Score: 11 Votes (Like | Disagree)
Mlrollin91 Avatar
75 months ago
1% fee to move money? Wow.
No. It is a 1% fee to move it instantly to a debit card. It’s still free for bank transfers, just as before. This isn’t uncommon in the industry.
Score: 11 Votes (Like | Disagree)
now i see it Avatar
75 months ago
all fun & dandy but there's zero reason to stop using PayPal

All of these apple services all under one roof are getting disturbing. One iOS botched update and your life is put on hold. And botched iOS updates are not uncommon.
Really... who wants their money tied to Apple services? Just asking for trouble.

The wisest thing to do is diversify to other providers for: Music, Video, money (especially money) and everything else. So when there's a problem (and Apple certainly isn't immune to them) only one service goes down, not the whole freaking house of cards
Score: 9 Votes (Like | Disagree)
bbednarz Avatar
75 months ago
So why offer a version with 1% charge? Just trying to take advantage of people?
Because some people want the money instantly. This isn't new. The Cash App and Paypal have identical policies.
Score: 8 Votes (Like | Disagree)