Apple Pay - Person to Person

[fittiger]

How do credit card companies treat person to person payments via apple pay?  If I send my buddy $200 for a hotel split via apple pay using my credit card, do I earn points?  Does it count as a "cash withdrawl" or some other form of penalty charge?

Anyone with experience on this?

[sdsoccerdad]

No experience but I'd like to know the answer to this one too.  I've only sent from debit card.

[imaximous]

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@fittiger wrote:

How do credit card companies treat person to person payments via apple pay?  If I send my buddy $200 for a hotel split via apple pay using my credit card, do I earn points?  Does it count as a "cash withdrawl" or some other form of penalty charge?

Anyone with experience on this?

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while you could do that, you'd have to pay a fee, which I think it's 3% of the transaction. Unless you use a card that makes up for the loss of 3%, then it wouldn't be advisable.

[19eighty5]

Great question as i've been wondering this (specifically for Apple Pay) as well. I have used a credit card for peer to peer transfer using the Cash app incurred a 3% fee. Thankfully, the amount was small but that could quickly add up. As a sidenote, when I processed using the Cash app, it showed on my Discover card statement as "Misc. Personal Services".

[imaximous]

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@19eighty5 wrote:

Great question as i've been wondering this (specifically for Apple Pay) as well. I have used a credit card for peer to peer transfer using the Cash app incurred a 3% fee. Thankfully, the amount was small but that could quickly add up. As a sidenote, when I processed using the Cash app, it showed on my Discover card statement as "Misc. Personal Services".

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Good to know how the transaction processed. I knew there was a 3% fee because it tells you right before sending money, but now, I also know that I can use the PayPal Business Debit and pay no fee. I'm going to transfer a small amount for testing because I get 1% back from the debit card for pinless transactions, and another 2% from the SYNCB PP MC because it's my funding source for debit purchases. So in theory, that's 3% back for peer-to-peer transactions if it works. This could be a big deal.