NEW YORK – Apple is launching direct, person-to-person payments in an iMessage with the Apple Pay Cash beta.
The feature which was announced earlier this year, allows you to send and receive cash inside the Message app on iPhones.
The program is launching in public beta on iOS 11.2 beta 2, and you can opt in using the iOS Public Beta program.
Once updated, users will see an Apple Pay button in the apps section of Messages that allows you to initiate a payment.
Payments can be triggered by asking for money in a message or tapping on a message sent by someone else asking for money.
The beta is currently available for U.S. customers only with iOS devices on 11.2 and with two-factor authentication set up on their Apple ID.
Funding can be found in any debit or credit card you have currently added to Apple Pay and will charge no fees for money that is funded via debit cards and an industry standard fee for credit cards.
The first time you receive money, you will choose to accept it and be issued a new virtual Apple Pay Cash card.
The card can be used to send money or pay for things via Apple Pay, but also functions as a transactional log for all your purchases.