Apple Renames Apple Pay Cash to ‘Apple Cash,’ Adds Instant Transfers

By Anna Breuer on 26 March 2019
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IMG_1895Apple simplified its awkwardly named Apple Pay Cash service to Apple Cash on Monday and the Cupertino-based made other changes to the product as well.

The company announced it was ending the use of credit cards to support payments to another person via Apple Cash and added support for Instant Transfers to a debit card.

“Starting on March 25, 2019, we will no longer support using credit cards to fund person-to-person payments,” it said in an e-mail message to customers. “This will ensure Apple Pay Cash customers never have to worry about cash advance fees that may be charged by issuing banks.”

While the option to use a credit card to fund a person-to-person transfer was discontinued, Apple Cash cardholders can still use a debit card to fund the transfer.

Apple also added a new feature, Instant Transfers, which lets cardholders make immediate transfers from an Apple Cash balance to an eligible Visa debit card stored in the Wallet app.

(Photo: Accura Media Group)

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