Apple Pay Cash disallowing person-to-person credit card payments

Effective immediately, Apple Pay Cash in iOS 12.2 and watchOS 5.2 will not allow sending person to person funded by credit cards, including the forthcoming Apple Card.

Following the announcement of its Apple Card, Apple has now altered its existing Apple Pay Cash service. As of March 25, Apple Pay Cash ceased allowing users to make person to person payments using a credit card, although it still supports ACH bank transfers. Apple has now also added an Instant Transfer option which lets you transfer money from Apple Pay Cash to an eligible debit debit card, but for a 1 percent fee.

Apple says that these changes to Apple Pay Cash are coming with the updates to iOS 12.2 and watchOS 5.2. Apple and Green Dot, the service that Apple uses for Apple Pay Cash, claim that dropping credit card support is to help customers, by avoiding cash advance fees that a bank may pass on to a customer when paying an individual with Apple Pay Cash.

Apple's announcement says that the Apple Pay Cash Instant Transfer service usually works "within minutes of your request, but could take up to 30 minutes." While Apple now charges for transferring money out of Apple Pay Cash and no longer supports credit cards for person to person transfers, it does still support debit cards without charge.

"You can continue to send money for free with Apple Pay, with no fees at all, using your debit card or your Apple Pay Cash balance," the terms clearly say.

Apple Card was announced at Apple's March 25 event and will be launched in the US this summer. Goldman Sachs CEO Richard Gnodde said that the Apple Card will see an international release, after an initial, focused deployment in the U.S.

17 Comments

ihatescreennames 1971 comments · 19 Years

About 5 years ago

Don’t upgrade!!

/s

I got that email last night but the change won’t affect me as I never transfer money from my credit card. It wouldn’t make much sense considering I have a checking account that works for me fee. I wonder how many people tranaferred from a credit card. I figure Apple has the numbers and maybe it was used infrequently enough it was deemed unimportant. Or maybe it was intended as a launch feature only to help people get started with Apple Pay Cash.

Metriacanthosaurus 880 comments · 8 Years

Yeah I can see this not having anything to do with Apple Card and more plugging a hole which has done more harm then good. I know plenty of people who have accidentally taken a cash advance on a credit card (something no one should ever do, or ever wants to do) thanks to trying to send cash via Apple Pay.

macgui 2457 comments · 17 Years

ihatescreennames said:

Don’t upgrade!!

/s

I got that email last night but the change won’t affect me as I never transfer money from my credit card. It wouldn’t make much sense considering I have a checking account that works for me fee.

Hey you know when that might be a handy feature, say- for the time that maybe you don't have enough money in that checking account and need some cash for an emergency. /s

Of course I don't worry about cash advances because I'll always have enough money in my checking account and will never have emergencies. Until I do.

randominternetperson 3095 comments · 8 Years

macgui said:

ihatescreennames said:

Don’t upgrade!!

/s

I got that email last night but the change won’t affect me as I never transfer money from my credit card. It wouldn’t make much sense considering I have a checking account that works for me fee.

Hey you know when that might be a handy feature, say- for the time that maybe you don't have enough money in that checking account and need some cash for an emergency. /s

Of course I don't worry about cash advances because I'll always have enough money in my checking account and will never have emergencies. Until I do.

Ok, but that's not what that feature was designed for. It's a way to send cash to someone, not take out a quick loan.