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.
Apple Pay Cash
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:
You can view the last transaction through Apple Pay Cash by opening the Wallet app and tapping on your Apple Pay Cash card. Your last transaction will be listed under the Apple Pay Cash card image. Your total balance is listed in the upper-right hand corner of your Apple Pay Cash card. Follow these steps to see all your transactions: