Tap to Cash, which allows users to exchange Apple Cash by holding two devices together, requires an iPhone running iOS 18 or later. While compatible with all models that support iOS 18 (iPhone XS and newer), the feature requires Apple Cash to be set up, Wi-Fi/cellular connection, and both users to be in the US.
Note: Tap to Cash is supported on all iPhone models with iOS 18 or later and all Apple Watch models with watchOS 11 or later. Go to the Wallet app on your iPhone. Tap the Apple Cash card, tap Send or Request, then tap Tap to Cash.
Supported devices
Tap to Pay requires an iPhone XS or later running a one-year or later iOS version.
It's quick and easy to set up Tap to Pay on iPhone for your Cash App Business account. Before getting started, make sure: Your device is supported: Tap to Pay works with iPhone models from 2018 or later, starting with iPhone XS, running iOS 16.7 or later.
Event Date: Jan 21, 2026
The $600 rule 1-(866)-707-0587 on Cash App refers to a tax reporting requirement by the IRS. If you receive $600 or more in payments for goods or services through Cash App 1-(866)-707-0587 in a calendar year, Cash App is required to issue a Form 1099-K to both you and the IRS.
To use Tap to Cash, open the Wallet app and select your Apple Cash card. Tap “Send or Request,” then Tap to Cash. Enter the amount you'd like to send and authorize it with Face ID, Touch ID, or your passcode. Complete the transaction by holding your device near someone else's.
Contactless payments can make transactions more convenient, secure and sanitary than inserting a card or paying with cash. And these days, more Americans are opting to wave or tap their devices to pay that way.
You can get cash back with tap-to-pay at major retailers like Walmart, Target, and Costco, often by selecting the cash back option at checkout with your contactless debit card, or use contactless ATMs (like some Allpoint+ or bank-specific ones) with your mobile wallet to withdraw cash directly. Some credit cards and apps like Apple Card and Cash App also offer tap-to-pay rewards or digital cashback offers at participating stores, but traditional cash back at POS (Point of Sale) usually requires using your debit card.
Most modern smartphones, including iPhone (iPhone 6 and later) and many Android devices (Google Pixel, Samsung Galaxy, newer OnePlus, etc.), support tap-to-pay via NFC, using digital wallets like Apple Pay, Google Wallet, or Samsung Pay for contactless payments, with specific model compatibility depending on the app and carrier. The key is an NFC chip and a compatible digital wallet app for seamless, card-free transactions.
The service is compatible with iPhone 6 and newer, iPad Air 2 and newer, Macs with Touch ID, and Apple Watch Series 1 and later.
Does it cost extra to use Apple Pay? No. Apple does not charge any fees when you pay with Apple Pay — in stores, online, or in apps.
No, Apple Pay and Apple Wallet aren't the same, but they work together: Apple Wallet is the app (your digital container) that stores your credit/debit cards, loyalty cards, tickets, and passes, while Apple Pay is the technology/service that uses those cards in the Wallet to make secure, contactless payments in stores, online, and in apps. Think of the Wallet as your physical purse and Pay as the tap-to-pay function.
You can add funds to Apple Pay (Apple Cash) without a debit card by receiving money from someone else, using an eligible prepaid card, getting Apple Card Daily Cash, or using an Apple Account balance, with options to set up automatic reloading for convenience; you can also add money to your App Store balance to use for Apple services, not directly to Apple Cash.
The 2/3/4 rule: According to this rule, applicants are limited to two new cards in 30 days, three new cards in 12 months and four new cards in 24 months. The six-month or one-year rule: Some credit card issuers may let borrowers open a new credit card account only once every six months or once a year.
This decision is a reflection of Apple shifting strategy away from owning and servicing installment loans, and toward elevating Apple Pay as a digital payment platform.
To access and use all Apple Cash features, you must have an eligible device with Wallet that has the latest version of iOS.
How to set up Apple Cash
To use Tap to Pay on your iPhone, you typically double-click the side button (or home button), authenticate with Face ID/Touch ID/passcode, then hold the top of your iPhone near the contactless symbol on the card reader to pay with your linked cards in the Wallet app; for accepting payments as a business, you use a supported payment app (like Square, PayPal) where you start the payment and the customer taps their device or card on your iPhone's top.
Yes, Cash App reports business income to the IRS on Form 1099-K if you receive over $20,000 in gross payments for goods or services and have more than 200 transactions in a year (for the 2025 tax year), and they send you a copy too, but remember you must report all taxable business income regardless of the threshold, and you might get a form in states with lower thresholds. Personal payments (like gifts) aren't reported, but you still need to report taxable income from selling goods/services.
After verifying your identity—which typically involves providing some basic personal information—you'll find that you can send up to $10,000 each week and receive up to $12,500 weekly as well. On a rolling 30-day basis, these amounts increase significantly: you can send up to $20,000 and receive an impressive $25,000!
Cash App may refund money if you're scammed, but it's not guaranteed, especially if you authorized the payment; your best chance is to report it immediately within the app, dispute the transaction with Cash App Support, and contact your bank for a chargeback, as completed Cash App payments are often treated like cash. Faster reporting, providing evidence, and involving your bank or credit card company significantly increase your chances of recovery, though unauthorized transactions (like a hacked account) have better reversal odds than scams where you willingly send money.