Apple Cash is Apple's system for sending and receiving payments with Apple Pay through the Messages app. In order to use Apple Cash on the best iPhones, you'll now need to submit your ID to Apple for verification, as part of new regulatory requirements.
Apple has been sending out emails to users, giving them a heads-up on the upcoming changes to Apple Cash’s terms and conditions. Identity verification is about to become mandatory if you want to send more than $500 through Apple Cash. And that's total spend, not just per transaction. This isn’t just for new transactions, either. Apple’s counting everything you’ve sent or received using Apple Cash, past and future, towards that $500 cap. The change will come into play on October 4.
