Apple Pay Cash works great! Used it for the first time yesterday.
After a pretty simple setup where you verify your identity and link a bank account, you can receive money from others. Or, if you load money to it from your linked bank account or debit/credit card, you can send them money. It’s all done through the Apple Pay app in iMessages. Pretty slick!
After I received my first payment, I was able to transfer it to my checking account and it showed up today in my account. I could’ve just left the money on the Apple Pay Cash card in Wallet for use anywhere Apple Pay is accepted as well. Once it’s on your Apple Pay Cash card, it’s available immediately, but only if you pay with the card. But it takes 1-3 days if you transfer it to your bank to show up and be available.
I think there’s a 3% fee if you pull money from a credit card, but no fee if you pull money from a bank account or debit card.
Overall, I loved it. It was quick, simple, and it feels safe.