Apple Cash Vs Apple pay

Digital payment systems have successfully surpassed traditional cash payments as of today. Given the circumstances, you’ve probably heard of Apple Cash and Apple Pay, two digital payment services.

Although these two are connected, their applications are distinct. Your Apple Wallet contains both Apple Cash and Apple Pay. Apple consumers are more interested in these services.

After you understand what these useful and convenient services are and how to utilize them, you can begin using them. Therefore, let’s go over them one by one:

Parameters Apple Cash Apple Pay
Function Works like a debit card. Act as a linchpin for digital payments.
Funding • Eligible U.S. debit cards.
• Eligible U.S. prepaid cards.
• Money received in messages.
• Cash Back from Apple Card.
• Eligible U.S. credit cards.
• Eligible U.S. debit cards.
• Eligible U.S. prepaid cards.
• Apple Cash Card.
Transaction • Send Money
• Receive Money
• Make payments.
• Send Money
• Make payments
Dependence For payments, it needs Apple Pay. It can make payments without Apple Cash also.
Where can it be used? On up-to-date Apple devices in the United States On up-to-date Apple devices in the United States,
Money transfer to the bank account Money can be transferred within 1-3 business days.         OR
Within 30 minutes for instant transfer.
Money cannot be transferred to a bank account from Apple Pay.

What is Apple Cash?

Apple Cash is a secure and simple way to send, receive, and spend money over text message. It’s compatible with iPhone, iPad, and Apple Watch. It functions in the same manner as a debit card.

You may check your Apple Cash balance at any moment by using the Wallet app. Any prepaid or debit card with a minimum amount of $10 can be used to charge your Apple cash balance.

Benefits of Apple Cash

You may use Apple Cash to:

1. Send and Receive Money

With Apple Cash, you can send money to your friends and family via text message and receive money from them in the same way.

2. Make Contactless Purchases

Apple Cash allows you to make secure purchases both offline and online using Apple Pay. It eliminates the requirement for a physical debit card, allowing for completely contactless payments.

3. Get Daily Cash (or cashback) from Apple Credit Card

If you use your Apple Credit Card to make any online or offline purchases, the cashback will be deposited into your Apple Cash Account.

4. Transfer the Received Money to a Bank Account

If your balance is more than $1, you can transfer a minimum of $1; otherwise, you can transfer your entire Apple cash balance to your bank account.

5. Set up Apple Cash for Kids

Apple Cash Card allows your children and other family members under the age of 18 to receive, spend, and send money.

All you have to do now is set up Apple Cash for them. This will offer you complete control over their financial transactions.

Also Read: How can I confirm my Cash App Card for Apple Pay?

What is Apple Pay?

Apple Pay is the foundational payment platform that allows you to make payments or purchases with your iPhone, Mac, iPad, or Apple Watch.

It’s a safer and more convenient alternative to physical credit or debit cards. You won’t need to carry your card data around for online or in-store purchases once you’ve loaded them into Apple Pay.

Benefits of Using Apple Pay

The following are some of the advantages of using Apple Pay.

1. No need to install any additional App

All iPhones, iPads, Macs, and Apple Watches already have the Apple Pay app installed. You don’t have to go through any complicated steps to enable it.

2. Easy Setup

Apple Pay is simple to set up. It’s as simple as entering your card information into the Wallet app on your iPhone, Mac, or Apple Watch. You also won’t have to give up any of your card’s privileges or points.

3. No Chances of Fraud

Apple Pay requires identification verification before making any payment. You can authenticate yourself for payment using a fingerprint scan, a face scan, or a password entry. When using Apple Pay in a store, you must confirm the transaction by holding your iPhone close to the NFC payment terminal.

4. The Faster and Easier Way

Apple Pay makes payments faster and easier by eliminating the need to pull out your wallet.

5. Personal Data Remains Protected

To make payments, Apple Pay uses a unique transaction code or a device-specific number. As a result, your card information is kept private throughout the purchase process.

6. Privacy is Maintained

When you pay with Apple Pay, no payment information is saved to send you back.

7. Use Apple Cash

Rather than creating a new debit or credit card. You can also send and receive money with your Apple Cash Card via Apple Pay messages. This contactless method can also be used to purchase goods or services.

Also Read: Is it possible to get cashback using Apple Pay?

Similarities between Apple Cash and Apple Pay

Apple Cash and Apple Pay have a few features in common. The following are some examples:

  • All Apple devices, including iPhones, iPads, Macs, and Apple Watches, have Apple Pay and Apple Cash built into their Wallet apps.
  • Both can be used to make Apple device payments.
  • Debit cards can be used to charge Apple Pay and Apple Cash.

These two Apple payment services can also be used together for:

  • Apple Pay transactions can be supported by an Apple Cash balance while giving or receiving money via iMessage.
  • Payment can also be made using Apple Cash balance via Apple Pay for in-store or online shopping.

Apple Cash Vs. Apple pay: Differences

Apple Cash and Apple Pay are both built-in Apple Wallet services that allow you to make contactless payments. Although they are similar in many aspects, they should not be considered interchangeable.

There are several significant distinctions between the two that cause them to function in various ways. Let’s take a closer look at the differences.

1. Funding

Apple Cash can be charged or loaded using any debit or prepaid card that is accepted in the United States. Apple Cash Balance includes money you receive in messages as well.

Also, the cashback you earn when you use your Apple Card is credited to your Apple Cash Balance.

Apple Pay can be charged or loaded with any Qualified United States debit or prepaid card, as well as any Eligible United States credit card.

Also, you can utilize your Apple Cash balance to make Apple Pay payments.

2. Payment Option

Without Apple Pay, Apple Cash cannot be used to make purchases. Only Apple Pay can be used to make payments through this service.

Apple Pay is not at all reliant on Apple Cash to complete various transactions. It can also make payments without using Apple Pay. As a result, it may or may not be compatible with Apple Cash.

3. Transfer money to Bank Account

You can effortlessly transfer your Apple Cash balance to your bank account. If your total Apple Cash balance exceeds $1, the lowest amount you can transfer is $1; otherwise, you can transfer your entire Apple Cash balance to your bank account.

Apple Pay is unable to send funds to your bank account. It can only be used to make payments.

4. Cash Back

All cashback earned while using your Apple Card for Apple Pay purchases is deposited directly into your Apple Cash balance.

Cashback is received via Apple Pay on Apple Card payments, but it is only placed in the Apple Cash Card.

5. Cost for Using

If you have to give, get, or request money during Standard delivery times, Apple Cash is free.

However, if you want to transfer money instantly from your Apple Cash to your debit card or bank account, you’ll have to pay a 1.5% fee for transfers of up to $15 and a minimum of $0.25.

Apple Pay is a free app that may be used to make a variety of payments.

Thus far, we’ve covered how Apple Cash and Apple Pay work, as well as the different advantages of using them.

It has also discussed what they both have in common and how they differ. Now, using a table, let’s look at the differences between the two.

Also Read: How Can I Change My Apple Pay Debit or Credit Card?


When diseases like Covid-19 are prevalent, it is preferable to use contactless payments.

Apple Cash and Apple Pay are two handy digital payment services that work with Apple devices running the most recent operating systems.

After reading the foregoing, it should be evident that, despite their many similarities, they each have their own problem to address.

It is preferable to have some information of these effective virtual payment systems in order to use them appropriately.

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