When the feature launches, users will launch the Messages app, tap on the App Store icon, select Apple Pay from the app drawer, set the dollar amount, tap pay, select a payment card, and securely authenticate with Touch ID or Face ID.
The payment card can be any debit or credit card linked to Apple Pay in the Wallet app, or the Apple Pay Cash card.
The recipient taps on the message to receive the funds, which are instantly added to the Apple Pay Cash card in the Wallet app. The card’s funds can be used to make purchases using Apple Pay, or withdrawn to a bank account.
Apple Pay Cash will be free to use with the Apple Pay Cash card and debit cards, but it will have an industry standard three percent fee for credit card transactions to cover processing costs, according to Recode.
