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Wednesday, 30 August 2017

See How New Method Of Apple Peer-To-Peer Payments Will Work On iphone - ipad

Here are outlined ways on how peer-to-peer Apple Pay payments will work on your devices, regarding to the upcoming Apple's iOS 11. In our previous post, you will find out that Apple is already carrying out payments to anything purchased in online stores via Apple Wallet Payment App onyour iphone or ipad. So this payment system is about to be improved to another level of transaction where you can be able to transfer money to another user on your contact list if not only for payments for things purchased online and offline.

Apple company announced this very feature about 2 months ago (June, 2017) during Apple's developer conference and the feature was marketed as one of the most interesting and biggest upgrades done in iOS 11. And as it stands, this very feature will be available to iphone or ipad users, as it is coming with iOS 11, this very coming month September.

There are lots of other mobile payments application used in transferring money to family and friends, or for business transactions. For example, payments platforms like PayPal, Venmo, Payoneer etc. Since Apple as a company has tight integration based on their existing payment platform regarding to their company’s software ecosystem. Bringing this new service will go a long way in making a better solution for any kind of payments which any user of iphone or ipad is to carry out. This feature is strictly for Apple products, so those using Android mobile phones can’t access or use this feature to either transfer or receive money; As the transaction is only done on Apple iMessager.  

Apple Peer-To-Peer Payment on iOS 11 image

Having written a brief demo about the action service, below is everything we gathered about this Apple peer-to-peer payment.

>> The feature of peer-to-peer payments will be made available to those in United States US first.
>> As a user, you can actually pay someone through iMessage or Siri, even on iphone, ipad and Apple watch.
>> Before making payment or transfer to anyone, you need to ensure that the person’s account you wish to send the money is active in iMessage.
>> Ones you receive a payment from another user, it will be converted to an Apple Pay Cash Card.


Note: The virtual cards which accepts the payments lives in Wallet on the latest iOS 11. And was developed to be used like a gift card to make all your payments. The very advantage to this service, is that, it is essentially a virtual instant bank account for cash. So in other words, payments are received instantaneously. And hope you know, this is exactly the way other payments like PayPal and Venmo works based on fund transactions.

>> You can as well get money in the Cash Card should in case you are not enrolled in Apple pay.
>> In this platform you need not to bother yourself in anything called settings. That is to say, when you get any money transferred into your account, an Apple Pay Cash Card gets automatically generated on your iphone or ipad, or even your Apple Watch.
>> The peer-to-peer payment works with tap to pay feature.
>> You can use the money to pay anything in Apple Pay-enabled locations and even in apps.
>> The feature works without you signing into another service platform.
>> Your payment can be carried out if the other person is using iMessage.

>> Also from the account, you can transfer money to your local bank but it has to go to Cash Card First.

That is to say, Apple doesn’t allow user to get money directly transferred in to other bank accounts. It must certainly get to Cash Card First before sending it out to other banks. And this is similar to PayPal accounts, how Square, Venmo accounts, Payoneer accounts and other payment services.

>> Finally, the Cash Card was embedded to live in an off-phone account and set to work across authorized devices.


Now, this implies that, if eventually your phone gets lost or stolen as the case may be, the card will still keep its money in an encrypted account off the phone itself. So the fund can be used across devices; which means you can get the money via an iphone and also get to use it on ipad, and as well, through an Apple watch.
   
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