Money sent to your iPhone or iPad through Apple Pay Cash is added to your Wallet balance (you can learn how to check your balance here). Money posted to your Apple Pay Cash account can be used to make purchases at retail locations where Apple Pay is accepted, within apps and on the web. Money you send to others through the Messages app using Apple Pay Cash will be automatically deducted from your balance before being deducted from your connected debit/credit card.
Apple Pay Cash
Users of Apple Pay Cash may be asked to verify their identity as they approach the $500 mark of money added or payments received. Beyond this limit, identity verification is required to use the service. Green Dot Bank, which provides the Apple Pay Cash card and person-to-person payments must verify its customers to comply with federal law.
iOS 11.2 introduces Apple Pay Cash -- a peer-to-peer money transferring service for the iPhone and iPad. It's basically an extension of Apple Pay where you can now send and request payments directly from other iOS users. Previously Apple Pay could only be used to make purchases in stores, on the web and in apps, but now you can use your iPhone to pay your friend back for dinner.
You can check your Apple Pay Cash transactions in the Wallet app under the Transactions section. Follow these steps to have a a statement of your transactions sent to the email attached to your Apple account:
You can attach an additional debit/prepaid card to your Apple Pay Cash account to transfer funds to your balance or to make Apple Pay payments in stores, on the web and within apps. Here's how to add an additional card to your account: