If you haven’t hopped on the online money sharing train yet, you may just want to reconsider online money transactions with Apple Pay’s new person-to-person payment option. During the Worldwide Developer Conference (WWDC) in San Jose, California on June 5, Apple announced numerous new program and product releases including Apple Pay’s new person-to-person feature - allowing you to send money to another person’s phone right through the iMessage application.
In the past, Apple Pay has been something to use at stores both online and in-person. Through Apple Pay, a user can pull out any of the cards they preloaded onto their phone, allowing transactions to be easier than having to carry all of your credit cards around. Or, more importantly, having to dig through your purse to find your wallet while holding a glass of wine online shopping on a weekend night. However, with successful money transaction apps such as Venmo, Chase Quickpay, or even PayPal, looks like Apple decided to take their payment program one step further. All you have to do is open up your iMessage and either pay someone within the app, or just let someone know what they owe you! Easy peasy, and no more third-party apps for money transactions.
So, how does it work? A convenient feature within this new person-to-person payment is the usability of the product: Long story short, if someone texts you “You owe me $5,” your phone will automatically pull up a $5 payment ready for you to send. Easy peasy!
After the announcement, it seems that the Internet has a mostly positive outlook about this new payment program. Here's what people are tweeting about it:
For the latest on Apple’s new features announced at the WWDC, you can follow a live stream of updates on TechCrunch.