Peer-to-peer Apple Pay was announced during the 2017 WWDC keynote.
How does the money enter your Apple Pay account in the first place?
- Does it come from a linked credit card, as in how Apple Pay traditionally works? If so, would the transaction be considered a cash advance or a purchase by the credit card company?
- Does it come from a linked bank account or a linked debit card? If so, does that mean giving Apple a pre-authorization to withdraw money from your bank account? Also, is there an imposed or customizable limit to how much money can be withdrawn?
- Do you buy credits to be added to your Apple Pay account using gift cards, at a convenience store or at an Apple Store?