If you try to use your credit card to fund an Apple Pay person-to-person payment over iMessage, Apple will tack on a 3% fee, reports Recode. The fee is standard among similar P2P services, and necessary to cover credit card transaction costs, but it’s worth pointing out to potential users.

If you don’t want to incur the 3% fee, simply use your debit card to fund the Apple Pay P2P payment, as this method is completely free.

Apple announced the new iMessage-based service during its WWDC keynote earlier this week. With it, you’ll be able to use any card stored in Apple Pay to send money to other users. Once sent, the money loads onto a prepaid Apple Pay Cash card, where it can be spent or withdrawn.

Apple Pay Cash will go live after Apple publicly launches iOS 11 this fall.

Source: Recode

  • Jay

    Understandable, otherwise they’d have to use their stockpile of cash to fund our transactions.

  • czbird

    That’s very country-based. I’d not use it as the charges here are less than 1%. It’s up to every seller what charge they negotiate with their bank.

    • Jay

      Not all credit cards are ‘banks’

  • Ethan

    As Europeans are using debit cards in 95% of times, we’ll be happy over here … When it finally becomes available in my country :-/ … Common Apple, 100% of terminals here already support contactless payments. I use it daily and when I’ll be pay more securely with apple pay I’ll will. Just get it over here finally.