How to Send Money Through Apple Pay [Complete Guide]

Want to know more on how to send money through Apple Pay? then stay glued to this guide as I will show you the various steps involved.
Ketcha Brandon
Send Money Through Apple Pay

In case you own an Apple device like iPhone or iPad, then Apple Pay is an amazing and easy way to access your money using your smart device. This App offers its users with many services therefore making it quite easy to use your funds.

Want to know more on how to send money through Apple Pay? then stay glued to this guide as I will show you the various steps involved.

Online money transfer services are fast becoming part of many people's daily activities since it greatly facilitates sending and receiving money. Apple Pay is one of those services and knowing how to send money through Apple Pay might be of great importance to you in some situations.

Table of Contents

What is Apple Pay?

Apple Pay is a payment service provided by Apple through applications on various Apple devices (iPhone, iPad, etc). Apple Pay is similar to Venmo since it allows you to link your credit or debit card so a to send money. You can also use Apple Pay to pay for items in stores and online.

Can You Send Money to Someone Else With Apple Pay?

Yes. If you’re in the US and have an eligible Apple device, you can send domestic USD payments using Apple Pay and Apple Cash.

Apple Pay payments can only be made to other people within the US at the moment.

How to Send Money Through Apple Pay

Before being able to send money via Apple Pay, you first of all need to have the App installed on your device. Once you have the app installed already, its just a few steps to link a source of money and send a payment.

It is necessary you have in mind that Apple Pay is only compatible with Apple devices such as Mac, iPhone, iPad or Apple Watch.

Step 1: Install Apple Wallet

As earlier said in this guide, the first thing to do before being able to send money through Apple Pay is to install the app. Below are the 3 steps involved on how to install Apple Wallet on an iPhone.

  1. Open the App Store.
  2. Search "Apple Wallet"
  3. Install Apple Wallet.

Step 2: Add a Payment Method

In order to easily send money through Apple Pay, you have to link a payment method or funding source. Once you have already link a funding source which might be a debit card, when you make a payment or send money, the funds are automatically taken from the card you linked.

You can follow the steps below to link a payment method on the iPhone version of Apple Wallet.

  1. Open the Apple Wallet app
  2. Tap the Add button
  3. Select Debit or Credit Card, depending on what kind of card you have
  4. Tap Continue
  5. Follow the instructions on-screen for adding a new card 
  6. If you are asked to, select your bank or card issuer from the given list or use the search bar to find it
  7. Verify your information with your bank or card issuer.

You have to Note that not all cards are supported by Apple Pay so it is necessary you check support.apple.com to see if your bank or card provider is compatible with Apple Pay. In case your card is not among the supoorted cards, then you will not be able to use it as a payment method.

You can link more than a single card to your Apple Wallet. When you make a payment or send money, you can choose the card you want to use as the source of funds.

Step 3: Send a Payment

As soon as you have linked a card to your Apple Pay, sending payment becomes an easy thing to do. You can pay using Apple Pay at any merchant that displays the Apple logo.

Below are the steps involved on how to send money through Apple Pay using an iPhone:

  • Open the Apple Wallet app
  • To use your default payment card:
  • If your iPhone has Face ID, double-click the side button. Authenticate with Face ID
  • If your iPhone has Touch ID, rest your finger on the Touch ID sensor, or
  •  Enter your passcode.
  • To use a different card, tap your default card to see your other cards. Tap a new card and authenticate.
  • Hold the top of your iPhone near the contactless reader until you see “Done” and a checkmark on the display.

READ ALSO: How To Get Free Money On Cash App [13 Easy Ways].

How to Send Someone Money With Apple Pay

Sending money through Apple Pay to pay at a restaurant or store, for instance, is distinct from sending money to someone's Apple Wallet.

You can transfer money to someone using Apple Wallet's Apple Cash feature. Apple Wallet users can send money to one another via Apple Cash, a peer-to-peer payment service.

Set Up Apple Cash

When paying a retailer via a point-of-sale device, the function for transmitting money between Apple Wallet customers operates differently. To add money to your Apple Cash balance, you must utilize Apple Wallet. After that, you can send money to other people using your Apple Cash balance.

Below are the steps to follow if you want to set up Apple Cash in your Apple Wallet app on iPhone:

  1. Open the Apple Wallet app
  2. Tap the image of an Apple Cash card, then tap the More button (…)
  3. Tap Add Money 
  4. Choose an amount of money to add to your Apple Cash balance. The minimum amount is $10
  5. Tap Add, then choose which linked card you want to take the money from
  6.  Confirm that the billing address shown is correct
  7. Confirm the authorization of the transaction using Face ID, Touch ID, or your passcode.

Send a Payment

Since Apple Cash is integrated with the Apple Messages App, sending ,money using Apple Cash is just like sending an instant message using Messages app.

Below are the steps involved to send money to someone through Messages:

  1. Open the Messages app 
  2. Start a new conversation with your contact or choose an existing conversation
  3. Tap the Apple Pay button. If you don’t see the Apple Pay button, tap the stylized A next to the message bar first
  4. Enter the amount of money you want to send to this contact
  5. Tap Pay
  6. Tap the send button. You can now review or cancel the payment
  7. Authorize and confirm your payment with Face ID, Touch ID, or your passcode.

It is necessary you have in mind that the individual you send money to must have an Apple device with Apple Wallet installed. They do not need to have a linked payment method just to receive the funds.

In case you later realize that you made a mistake, you can cancel it as long as the receiver has not yet accepted the payment. If they have already accepted the payment, then all you can do is simply ask them to refund the money.

READ ALSO: How To Send Money With Credit Card On Cash App.

How to Withdraw Money From Apple Pay

You might need to transfer funds from your Apple Cash balance to your bank account from time to time. To withdraw money through Apple Pay, you need an associated payment method that is compatible with it.

There are two ways to take money out of Apple Pay. Transfers to linked debit cards can be made instantly, and transfers to bank accounts can be made within one to three business days.

Below are the steps to follow if you want to transfer money from your Apple Cash balance to a debit card:

  1. Open the Apple Wallet app
  2. Tap the image of an Apple Cash card, then tap the More button (…)
  3. Tap Transfer to Bank
  4. Enter an amount of money to transfer then tap Next
  5. Choose the Instant Transfer option
  6. If you don’t have a linked debit card that is compatible you will need to add one first
  7. Tap the button labeled > to choose the card you want to transfer funds to 
  8. Confirm the billing information for your chosen debit card.

As soon as you confirm the transaction, your funds should be available on your debit card within 30 minutes.

Below are the guidelines to transfer money from your Apple Cash balance to your bank account:

  1. Open the Apple Wallet app
  2. Tap the image of an Apple Cash card, then tap the More button (…)
  3. Tap Transfer to Bank
  4. Enter an amount of money to transfer then tap Next
  5. Choose the 1-3 Business Days option. If you don’t have a bank account linked to your Apple Wallet app, follow the on-screen instructions to add one
  6. Confirm the transaction with Face ID, Touch ID, or your passcode. 

After you confirm the transaction, it will take up to 3 business days for the funds to be available in your bank account.

Final Thoughts on How to Send Money Through Apple Pay

In case you own an Apple device like iPhone or iPad, then Apple Pay is an amazing and easy way to access your money using your smart device. This App offers its users with many services therefore making it quite easy to use your funds.

Want to know more on how to send money through Apple Pay? Above in this guide, we have outlined all the steps and what it takes to send money through Apple Pay.

Frequently Asked Questions on How to Send Money Through Apple Pay

What is the difference between Apple Cash and Apple Pay?

Apple Cash is a digital card in Wallet that lets you send and receive money in Messages or Wallet. The money you receive appears on your Apple Cash card in Wallet. You can spend it however you like in stores, online, and in apps with Apple Pay.

What is the fee for Apple Pay?

A 1.5 percent fee (with a minimum fee of $0.25 and a maximum fee of $15) is deducted from the amount of each Instant Transfer. Account security checks may require additional time to make funds available. Instant Transfers typically post immediately but can take up to 30 minutes.

How do I transfer money from Apple Pay to bank instantly?

Open Settings > Wallet & Apple Pay > Apple Cash and tap Bank Account > Add Bank Account, then enter your bank's routing number and account number. Now, from the Apple Cash screen, tap Transfer to Bank, then enter the amount of money you want to transfer and tap Transfer.

Can I use Apple Pay to send money to another person?

To start sending and receiving payments, all you need to do is use iMessage. Open the Messages app and tap on the person you want to pay. On top of the keyboard, you will see an Apple Pay icon. Select that and you can request or send money with an iMessage.

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