Apple Pay's peer-to-peer (P2P) payment launches in beta, allows sending and receiving cash in Messages

Apple Pay's peer-to-peer (P2P) payments beta is live on iMessage, starting today users can send and receive cash right within the Messages app on iPhones.

Now available on iOS 11.2 beta 2, once you’ve updated, you’ll see an Apple Pay button in the apps section of Messages that allows you to initiate a payment.

Albeit, you'll have to opt in using the iOS Public Beta program, available for U.S. customers only with iOS devices on 11.2 or later and with two-factor authentication set up on their Apple ID.

While payments is triggered by simply asking for money in a message or tapping on a message sent by someone else asking for money. The funding could be from any debit or credit card added to Apple Pay, and Apple charges no fees for money that is funded through debit cards.

But an ‘industry standard’ fee for credit cards, likely in the few percent will be required.

For the initial time someone sends you money, you will have to opt in to accept it and be issued a new virtual Apple Pay Cash card, which can only be used to send money or pay for things via Apple Pay.

Also, the card functions as a transaction log for all your Apple Pay purchases on the web or at the store.

Apple Pay Cash simply offers the vital person-to-person extension for Apple’s payments system, and it will be interesting to see how it influences the behavior of people who have mixed iPhone/Android connections.
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