Categories: Blog

Apple Cash will start requiring identity verification for person-to-person transactions

Apple Cash is an easy and convenient way to send money from the iOS Messages app. So far though, you didn’t need to submit an ID to verify yourself i you wanted to send someone money. However, this will change soon, and Apple will start requiring identity verification starting in October. Your identification will be needed if you’re sending more than a total of $500 across all transactions – including past ones. Apple Cash, as well as competitors like Paypal and Venmo, have required ID verification to use the full features for some time. However, you didn’t need to provide your ID to Apple if you used its basic P2P money transfer feature for smaller accounts.

The news about the change is sent to users with an email update. The new terms and conditions will be in force from October 4, 2024. This will be timed with the new “Tap to Cash” functionality in iOS 18.

Of course, almost anyone who used or will use Apple Cash will be subject to the new requirement, as the $500 threshold applies to past and future money sent with the feature. It applies if you send money either with your debit card or with your Apple Cash balance. The transfer limit applies to P2P transfers you send as well as receive.

You can read the new Apple Cash terms and conditions.

In my opinion, requiring an ID for Apple Cash transactions over $500 makes sense for security, but it might feel like an extra hassle for users who are used to the simpler process. While it’s understandable that Apple wants to keep things safe, this new rule might be a bit inconvenient for people who just want to send small amounts of money without any fuss.


👇Follow more 👇
👉 bdphone.com
👉 ultraactivation.com
👉 trainingreferral.com
👉 shaplafood.com
👉 bangladeshi.help
👉 www.forexdhaka.com
👉 uncommunication.com
👉 ultra-sim.com
👉 forexdhaka.com
👉 ultrafxfund.com
👉 ultractivation.com
👉 bdphoneonline.com

Ultra Activation

Share
Published by
Ultra Activation

Recent Posts

My favorite flagship earbuds from EarFun are already on sale before Black Friday

EarFun is one of the most underrated audio brands to exist in the market. The…

5 hours ago

Qualcomm reports $10.2B in FY Q4 revenue thanks to strong headset sales, automotive push

What you need to knowQualcomm announced its fiscal year Q4 2024 revenue with $10.2 billion…

1 day ago

Nothing is ready for Phone 2 users to start its Android 15 Open Beta

What you need to knowNothing announced the looming start of its OS 3.0 (Android 15)…

2 days ago

Samsung’s Galaxy S25 series might finally adopt Android’s seamless updates

What you need to knowA rumor claims that Samsung may bring A/B update support for…

3 days ago

I’m trying not to feel underwhelmed by this $1100 watch

Sunday Runday(Image credit: Android Central)In this weekly column, Android Central Wearables Editor Michael Hicks talks…

4 days ago

What the heck is going on at TSMC?

TSMC is the most important tech company of them all. It may not be the…

5 days ago