Cash App is the most popular online payment application across the US. It allows the transfer of funds between different financial institutions. Transferring funds from one organization to another makes money flow a breeze. Cash App users can purchase goods or services and pay on various platforms. Today in this article, we will discuss how to transfer funds from Apple Pay to Cash App.
If you’re a user of Apple Pay, you might encounter limitations when using it on specific platforms, as Apple Pay is not supported everywhere. It does not mean that Apple Pay is less important than the Cash App; however, it is only that every company has its own rules. So, you may need to transfer money from Apple Pay to Cash App sometimes or the other.
You can’t straightaway transfer money from Apple Pay to Cash App. However, you can transfer money from Apple Pay to Cash App using an indirect transfer method. It involves you sending the money first to your bank account from Apple Pay and then from your bank account to Cash App.
Moreover, you will need to link the same bank account to both platforms for transferring money using this indirect method.
According to data from the World Bank, the United States has the highest number of transfer transactions globally and is followed by Saudi Arabia and then Switzerland.
The volume of digital money transfers transactions amounted to $64.1 million US dollars in 2018. A growth rate of 15.9 percent is predicted to result in an overall figure of $143.1 million by 2023.
What exactly is the way these transfers work? Many safe and secure apps help you facilitate digital money transfers across the banks and from individual to individual. For the moment, we’ll be focusing on Apple Pay and Cash App, the two most popular digital wallets of this year.
So, first of all, let’s look at the features Apple Pay and Cash App provide as financial applications. After that, we’ll explore how you can effortlessly transfer money from Apple Pay to Cash App.
Also, Read: How to send money from Google Pay to Cash App?
What is Apple Pay?
Apple Pay is a digital wallet that allows users to make transactions electronically. It is a product developed by Apple Inc., as the name suggests. With the application, you can transfer money, purchase applications in the App store and make payments at any stores online that accept Apple Pay.
This application only works with Apple devices like tablets, iPhones, Apple Watches, and Macs. The app is already installed on the majority of modern Apple devices. However, You can download it from the App Store at no cost if you’ve accidentally deleted it.
Apple Pay started operating in 2014, just one year following the release of the Cash App. Contrary to the Cash App, which works in the US and the UK, Apple Pay services are accessible in many countries. It includes the United Kingdom, Brazil, Mexico, the United Arab Emirates, Saudi Arabia, Russia, Ukraine, Montenegro, Serbia, Kazakhstan, China, New Zealand, Canada, Australia, Singapore, Hong Kong, Japan, Macau, Georgia, South Africa, Israel, Belarus, and all countries in the European Economic Area (EEA).
Also, Know: How To Get Money Back From Cash App?
What is Cash App?
Cash App, formerly Square Cash, is a financial services firm operating from San Francisco in the United States of America. It is a subsidiary of Square Inc. based within the US. It allows users to send, receive and transfer money to and from their contacts, friends and family members. It is also possible to use the Cash App through the web.
Cash App operates both in the US as well as in the UK. It was established at the end of 2013 and has expanded in recent years. According to the latest figures, Cash App has around 36 million active users. There is a high chance that the company will become more eminent in the days to come because of its versatility, outstanding services, and easy usage.
Square, Inc. developed Cash App to rival other mobile Payment Wallets, such as PayPal, Venmo, Apple Pay, and Google Pay. The Cash App has proven to be a hit ever since It started.
With the Cash App, you can pay off bills, transfer money, or withdraw cash at an ATM( if you own a Cash App debit Card) and can also trade Stocks and Bitcoins. Each user is assigned a $cashtag, a unique username, which is also used to transfer or request money from family and friends. You can easily install and download Cash App from Google Play Store and App Store.
Also, Get to know: What Is Cash App Money and Transfer and How To Use It?
Can You Transfer Money from Apple Pay to Cash App?
Yes, you can transfer funds via Apple Pay to the Cash App; however, you cannot do that directly. Apple Pay does not allow you to link a banking account to perform transfers and is restricted to banks’ credit cards and debit cards. Owing to this reason, you can transfer money indirectly from Apple Pay to your bank account and later transfer it to your Cash App wallet. Continue reading to learn how you can do that.
Also, Find Out: Can You Transfer Money From Greendot To Cash App?
How to Transfer Money from Apple Pay to Cash App?
Unfortunately, there’s no direct transfer button or option that allows you to transfer funds between the two platforms. However, it doesn’t mean that you can’t accomplish it! You’ll need to go through a few more steps other than just pressing a button.
There is an indirect process in which we will first transfer money from Apple Pay to a Bank account and then from Bank to Cash App. Now let’s discuss the steps for these two ways one by one.
Transfer Money from Apple Pay to your Bank Account
Follow the below-mentioned points to transfer money from Apple Pay to a Bank account
- Ensure that you have access to your Bank Account or Card information where you want to transfer the money. If you are using iPhone, open the Wallet app < Apple Cash card < more button and in case of iPad Settings app < Wallet & Apple Pay < Apple Cash card.
- Select the “Transfer to Bank” option.
- Enter the amount that you wish to transfer and click Next.
- Now Click on Instant Transfer or 1-3 business days ( depending on your wish )
- Confirm the transaction with Touch ID, Face ID, or Passcode.
- Wait for the funds to transfer.
Please note that if you choose the option of 1-3 business days, there is no cost to transfer your funds into your account. If you choose the instant transfer option, you will be charged a fee of 1%, which will be deducted from the total value of the transaction.
Transfer Money from your Bank Account to Cash App
Now that the money is already there in your bank account, you can quickly move that to your Cash App account using the simple steps below.
- Click Banking on the Cash App home screen.
- Press Add Cash.
- Choose an amount.
- Tap Add.
- Touch ID to enter your PIN to verify.
Once you’ve seen the confirmation pop up, You’ll need to wait until the transfer is complete! It’s as simple as that. While it’s a somewhat nebulous or a roundabout method to transfer money from Apple Pay to Cash App, It works great when you can complete the two steps.
How to add Cash App Card to Apple Pay via Apple Wallet?
The Cash App users can adhere to the below-mentioned steps to add or link their Cash Cards to the Apple Pay.
- Launch Apple Wallet and log in to your account.
- Tap the + symbol on the top-right corner
- Choose “Credit or Debit Card” and take a picture of your Cash App Card or manually enter the card numbers on the touchpad.
- Follow the on-screen instructions to finish the process.
- Once your Cash Card gets added, it will appear on the Apple Wallet home screen.
You can also preview the card to verify that your Cash Card got linked to Apple Pay.
Also, Get to know: How To Add Cash To Cash App?
How do I add Apple Pay to Cash App?
Follow the below steps to add Apple Pay to Cash App.
- Launch Cash App on your iPhone or iPad and log in to your account.
- Click on Cash Card < “Add to Apple Pay.”
- Follow the on-screen instructions.
- Here on the final screen, you will get a quick confirmation that your Cash Card is directly linked to Apple Pay.
- Tap “Done” at the bottom of the screen.
Before we put a full stop to this post on how to transfer money from Apple Pay to Cash App, we cordially invite the readers to check out our separate post published lately on How To Transfer Money From Varo To Cash App?
To summarize, this post elaborates on how to transfer money from Apple Pay to Cash App.
Unfortunately, there is no direct method to transfer money from Apple Pay to Cash App. You will need to follow the two-step process described above at the moment to move the funds from one app to another.
We believe that the Cash App users shall surely be appraising this post.
However, if you still find any issues, you can freely contact us for further assistance.
FREQUENTLY ASKED QUESTIONS
Can I transfer money from Apple Pay to Cash App?
Indeed, you can send money from Apple to Cash App through an indirect money transfer method. In this method, you shall have to transfer the funds to your bank from Apple Pay first and then from the bank to Cash App.
Is Apple Pay Safe?
The platform is entirely safe to use because of its security measures. There is nothing to worry about even when adding bank details such as your bank account and debit card number.
Is there any limit to transfer payments using Apple Pay?
Apple Pay allows users to transfer up to $10,000 per transfer and up to $20,000 in a week Apple Cash to your bank account with the limitation of bank account in the US only.