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WatchOS 4.2 update brings support for Apple Pay Cash and more

WatchOS 4.2 update brings support for Apple Pay Cash and more

A balance can also be used to pay for transactions inside a store or online using Apple Pay. It's become a must-have app for millennials, and as we can see in this chart from Statista, the amount of money sent through it has soared since 2015.

Although Apple Pay Cash may be useful for financial matters, users should also take note of the various limits of the feature. The payments using Apple's debit card will be free using Apple Pay Cash while transactions via credit card will be accompanied by a 3% fee, with a $3,000 United States dollars limit set for individual payments.

Users can manually update their Apple Watches by keeping their iPhones in proximity and launching the Watch app and go to the My Watch tab and then General Software Update.

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The new Apple Pay Cash capabilities, which were announced by the company December 5, will now allow Apple device users to split a restaurant, household or any other bill securely with other users or to send gifts or other payments.

When users get paid, the money they receive is added to their new Apple Pay Cash card that lives in the Wallet app. They can send that money to others, use it to make purchases or transfer it to their bank account. Money you receive will be added to the Apple Pay Cash card in your Apple Wallet.

Other competing payment apps already have person-to-person payments capabilities, but Apple Pay Cash allows Apple device users to make payments in iMessage. Both parties to an Apple Pay Cash transaction must have the feature enabled on their iPhone or Apple Watch. Once the account is verified, each person can have a maximum balance of $20,000. Users can withdraw the money to the bank account, and use it to send it to other people. For person to person transfers, there is a minimum of $1 and a maximum of $3,000 per transfer, along with a $10,000 weekly maximum. Sending and receiving money from friends and family is now secure, faster and more convenient than ever with Apple Pay. In addition, it can only be done if Apple Pay Cash is already set up in an iPhone running on iOS 11.2.


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