Apple this week updated its Apple Cash product to include Instant Transfer support for Mastercard debit cards, while an upcoming change will increase transfer fees to 1.5% of the transfer amount.
Announced in an email to Apple Pay users on Thursday, the update delivers immediate Instant Transfer integration for Mastercard debit cards. The feature, which allows users to instantly transfer funds from an Apple Cash card to a debit card, was previously restricted to Visa's network.As stated in an updated Apple Support document, Instant Transfers currently carry a 1% fee, with a minimum fee of $0.25 and a maximum fee of $10. That is set to change on Aug. 26, when rates will rise to 1.5% of the transfer amount, with a minimum fee of $0.25 and a maximum fee of $15.
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from AppleInsider News https://ift.tt/3yzbHmA
Announced in an email to Apple Pay users on Thursday, the update delivers immediate Instant Transfer integration for Mastercard debit cards. The feature, which allows users to instantly transfer funds from an Apple Cash card to a debit card, was previously restricted to Visa's network.As stated in an updated Apple Support document, Instant Transfers currently carry a 1% fee, with a minimum fee of $0.25 and a maximum fee of $10. That is set to change on Aug. 26, when rates will rise to 1.5% of the transfer amount, with a minimum fee of $0.25 and a maximum fee of $15.Read more...
from AppleInsider News https://ift.tt/3yzbHmA
Apple Cash Instant Transfer now supports Mastercard debit cards, fee increases to 1.5%
![Apple Cash Instant Transfer now supports Mastercard debit cards, fee increases to 1.5%]()
Reviewed by Ghaniiero
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août 05, 2021
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