You will be able to send and receive funds from your contacts via a message with the help of Apple Pay. The update also adds support for fast wireless charging for the iPhone 8, iPhone 8 Plus and iPhone X. These phones earlier supports fast charging up to 5 watts, and with the new update adds to 7.5 watts of wireless charging.
Apple Pay Cash: How Does It Work?
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Apple wants to make it easier for you to use your phone instead of your wallet when it comes to treating your friends and family or paying them back when you owe them.
Apple's P2P service, Apple Pay Cash, is now up and running. This virtual debit card can store money you put on it and you can use it to pay for goods and services anywhere that accepts Apple Pay payments-whether that's websites or contactless terminals in off licenses.
You can use Apple Pay Cash right away, but to prevent future issues and for a smoother experience, it's best to verify your identity with Apple right away. So does Apple's new feature finally make you a believer in Apple Pay? The process will ask you for your name, address, date of birth, and last four digits of your social security number. If you use a credit card, there is a 3% fee on each transaction, which can be avoided altogether by using a debit card. Hopefully, it'll become more widely available in the coming days, just in time for the holidays. Moreover, users also disabled notifications for the affected apps to ensure that their iPhone and iPad worked without crashes. Venmo, which is part of PayPal, allows users to send and receive money, regardless of whether they have an iPhone or Android.
Head to Settings → Wallet & Apple Pay → Apple Pay Cash then tap Add Money or Transfer to Bank. "We accept digital money in almost all fiscal functions - from purchasing bonds and stocks, to managing checking and savings accounts, to simply splitting a dinner bill - removing the need for physical money". Of course, you can also withdraw the balance to the associated bank account.