Apple Cash vs. Apple Pay: What’s the Difference?

Apple pay

Apple Cash vs. Apple Pay: What’s the Difference?

With digital payments becoming more prevalent, Apple has established itself as an influential figure in the financial industry with its various payment solutions. However, many individuals may become confused between Apple Cash and Apple Pay services and not know their differences.

Our analysis outlines the differences between Apple Cash and Apple Pay to help you select which service best meets your needs. Apple Cash is a peer-to-peer payment service that enables users to send and receive funds using iMessage or the Wallet app.

At the same time, Apple Pay is a mobile and digital wallet. This functionality enables purchases across stores, apps, and online using Apple devices. Let’s delve deeper into the differences between these two popular payment services.

Apple Cash vs. Apple Pay: Side-By-Side Comparison

SpecificationApple CashApple Pay
Payment MethodDone via balance, Bank Account, Debit Card, Credit CardDone via a Credit Card, Debit Card, or Apple Cash balance
Payment TypePeer-to-PeerMobile Payment and Digital Wallet
UseSend and receive moneyMake purchases in stores, apps, and online
Supported DevicesiPhone, iPad, and Apple WatchiPhone, iPad, Apple Watch, and Mac
Transaction FeesNo fee for debit card transfers unless its instant transfersNo fee for transactions
Transaction Limits$10,000 per transaction, $20,000 per 7-day periodVaries by merchant and credit card limit
RewardsApple Card offers cash back rewards on Apple cashOffers cashback and rewards program
SecurityFace ID authentication or Touch ID, Two-factor authenticationFace ID authentication or Touch ID, Two-factor authentication, Tokenization
AvailabilityUS onlyAvailable worldwide

Apple Cash vs. Apple Pay: What’s the Difference?

Apple Cash and Pay provide two popular financial transaction methods in our modern digital society. However,  each technique has distinct differences that merit examination. Through the analysis of the differences, users are provided the choice to select their financial solution of preference.


Apple Cash is a digital card in your Wallet. It acts as a peer-to-peer payment system that enables users to send and receive money using Apple Messages App. or Wallet. It does not provide any rewards in itself.

Apple Pay is a digital wallet service and mobile payment app that enables users to make in-store, online, and app payments quickly and conveniently. Rewards may be earned when Apple Pay purchases are completed with linked Apple Card credit cards. Users who make purchases can earn cashback rewards on the Apple Card if they use the card via Apple Pay.

How to Use Apple Pay on an iPhone in 6 Steps (with Photos)
Apple Cash is a digital card that lets individuals send and receive money to one another via Messages.


Apple Pay is a mobile payment system that uses Apple devices, like an iPhone, iPad, or Apple Watch, to pay using credit or debit cards. Furthermore, it is more accessible and compatible with various payment terminals that accept contactless payments. In addition, users can access various financial institutions or merchants using Apple Pay internationally.

Apple Cash allows users to send and receive money over text messages or Siri voice assistant. Nonetheless, Apple Pay Cash accounts are currently only available in the US. To access Apple Cash, users require either an iPhone, iPad, or Apple Watch running iOS or watchOS on an eligible device.


Apple Cash has no restrictions on withdrawing funds directly into bank accounts and debit cards. Furthermore, users may use their Apple Cash balance funds at merchants that accept Apple Pay purchases.

On the other hand, Apple Pay was explicitly developed to be used at merchant locations without physically present cards. Additionally, it allows users to pay with iPhone, Apple Watch, or iPad using contactless payments.

However, Apple Pay does not offer its users the option to withdraw funds. Instead users can link debit or credit cards to Apple Pay and then make payments. Ultimately, linking the cards to Apple Pay can make it so users do not have to physically present the cards.


Apple Pay is a secure digital wallet that uses tokenization technology to safeguard the user’s financial information. Furthermore, users do not directly reveal their credit or debit card data when making Apple Pay payments. On the contrary, a unique token is generated for every transaction, which can then be sent to merchants for processing.

Consequently, this step helps prevent fraudsters and unapproved transactions from processing payments without authorization under Apple Pay. Also, this helps combat potential instances of identity theft that might take place, as well as potential breaches in security.

Apple Cash also utilizes stringent security measures to safeguard user transactions. Apple Cash transactions are encrypted end-to-end so only the sender and recipient can view payment info. Furthermore, like in Apple Pay, users must authenticate using Face ID, Touch ID, or passcode authentication before conducting transactions.


Apple Pay is available in many countries throughout the world. It is integrated with numerous banks and financial institutions. Consequently, this enables users to make payments at physical stores, online merchants, and in-app. Furthermore, Apple Pay works seamlessly across iPhone, iPad, and Apple Watch models that meet its hardware/software requirements.

On the other hand, Apple Cash is only available within the US. It is, however, intended primarily to facilitate person-to-person payments using text messaging and Siri voice-recognition software. Additionally, while Apple Pay can be used with various types of debit and credit cards issued by participating banks across the globe, Apple Cash only supports American-issued cards.

Transaction Fees

Apple Pay does not charge users transaction fees when paying with credit or debit cards. However, some merchants may apply a small service charge similar to what would be associated with using physical credit or debit cards.

Apple Cash does not charge transaction fees for everyday transactions made using its service, including sending and receiving money transfers. However, instant transfers made directly into bank accounts incur an instant transfer fee of a small percentage. Additionally, instant transfer costs emanating from debit cards are lower than when a credit card is applied.

Google Pay Apple Pay window storefront mobile payment services
The Apple Pay service allows users to make digital payments to in-store and online merchants.

Apple Cash vs. Apple Pay: 6 Must-Know Facts

  • Apple Cash is a peer-to-peer payment service designed for sending and receiving money between Apple Cash users; on the other hand, Apple Pay primarily caters to merchant contactless payments.
  • Apple Cash allows users to withdraw funds directly into their bank account or debit card, while Apple Pay doesn’t give users that option; instead, they must link their cards for payments only.
  • Apple Cash and Apple Pay work seamlessly across Apple devices such as iPhones, iPads, and watches.
  • Apple Cash and Apple Pay have different transaction limits: Apple Cash transactions can go no further than $10,000 per transaction or $20,000 over any seven days; for Apple Pay, however, that amount varies based on merchant limits and user credit/debit limits.
  • Apple Cash and Apple Pay offer advanced security by employing biometric authentication methods like Face ID or Touch ID to authorize transactions.
  • Apple Cash transactions are free for debit card transfers but incur fees when instant transfers occur, unlike Apple Pay, which doesn’t impose fees when linked credit or debit card transactions occur.

Apple Cash vs. Apple Pay: Which One Is Better? Which One Should You Use?

The service a user chooses depends entirely on their needs. Apple Pay is designed for contactless in-store and online purchases using credit and debit cards linked with Apple devices or Apple Cash accounts. There is no fee for transactions and users are offered rewards when using Apple Card credit cards to make payments via Apple Pay. Apple pay uses tokenization technology for security, and the service is also available worldwide.

Apple Cash provides users with a peer-to-peer payment service enabling money exchanges between individuals. It allows the withdrawal of funds to bank accounts or debit cards at any time, but the service does not offer rewards. Apple Cash also uses stringent security methods, however it is only available to US users.

Apple Pay could be a user’s best bet if a primary transaction involves in-store and online purchases. Nevertheless, Apple Cash might be best if sending and receiving money is more frequently required between Apple Cash users. Ultimately both services offer secure, convenient ways of transacting digital payments.

Frequently Asked Questions

What is the fee for using Apple Cash and Apple Pay?

Apple Pay does not charge fees when transacting with linked credit or debit cards; however, instant transfers through Apple Cash incur charges; debit card transfers remain free.

What is the transaction limit for Apple Cash and Apple Pay?

Apple Cash transactions have an upper transactional limit of $10,000 per transaction and $20,000 over seven days; for Apple Pay transactions, the maximum limit per transaction depends upon merchant limits and the user’s credit or debit card limits.

Can I withdraw funds from Apple Pay?

No funds can be withdrawn from Apple Pay. Apple Pay provides access to your credit or debit card so payments may be made, but it does not permit the withdrawal of funds from their system.

Are Apple Cash and Apple Pay secure?

Apple Cash and Apple Pay are secure payment solutions with biometric authentication methods like Face ID or Touch ID to verify transactions and fraud protection.

Can I use Apple Cash and Apple Pay on the same device?

Yes, Apple Cash and Apple Pay can be utilized within one app on one device: they’re integrated into Apple Wallet.

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