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If you sign out of iCloud then all the cards are from Apple Pay are gone and will need to be re-set up??

Your cards are there but the CVV #’s have to be re-entered & the cards validated.
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Signing in and out on my phone didn’t work. Still no apply pay cash

Worked for me. Apple Pay wasn’t there after the update, signed out of iCloud, waited approximately 10 minutes, then signed back in. YMMV
 
From the MR front page...

Update: We're seeing several reports that Apple Pay Cash is not available in the release version of iOS 11.2. Given that this update was released at an unusual time, it may not be activated as of yet. It's likely we'll see Apple Pay Cash become available early next week.
Kind of had to release the update quickly when you had a problem with the date being displayed causing crashes.
 
So...earlier today it showed up under Wallet & Apple Pay but went into that unavailable prompt. Now I don't see the option at all.

I guess I just won't have it because I sure as hell rebuke signing out of iCloud.
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iOS 12 please.
 
I have not ever see Apple Pay Cash option in my iPhone 7 PluseEven though iOS was updated to 11.2 without problems. I signed off and back into my iCloud account, but it did not bring up Apple Pay Cash button.
 
Relog iCloud on your devices the toggle should pop up and u can set it up
This worked for my wife’s iPhone 7 Plus. I stayed logged out for 10 minutes and then relogged back in and it was there. We were able to set up and test it, it works!
 
Got the update on my phone earlier. Went into the message app and it popped up. Got to go through the settings to verify everything and your set.
 
This worked for my wife’s iPhone 7 Plus. I stayed logged out for 10 minutes and then relogged back in and it was there. We were able to set up and test it, it works!

I’ve had it with beta, but wife finally got it. All set up and working!
 
I actually just hung up with apple support. I got everything setup and it advised to verify my identity. So after putting all my personal information in and scanning my ID they advised to setup a support call. On the phone with David, these are all the phone calls they're getting. Apple hasn't fully flipped the switch for apple pay. Some people are able to get what seems like activation and stopped at identity verification. He said there is no set date but it's for sometime this week they're calling it a "full launch" ¯\_(ツ)_/¯
 
So I finally got it set up after a brute force attempt. I have to say I was nervous even adding any money to it given all the issues.

1) Got the prompt on my ipad that Apple Pay Cash was available, but my debit card didn't / wouldn't show on my ipad.
2) Checked iphone, still no prompt for Apple Pay Cash.
3) Signed out of iCloud for the second time (I know, I have problems, I just can't leave stuff alone).
4) Turned off the phone for about 10 minutes and restarted.
5) All cards removed from Apple Pay on both phone and Apple Watch.
6) Tried to add back cards, but only a couple would activate on iPhone and none would activate on Apple Watch.
7) Tried removing cards and re-adding them.
8) No cards could be added due to "unavailable" error.
9) Had to go through all settings on the phone to make sure everything related to iCloud was set up (and it wasn't), re-enabled iCloud for Messages, Facetime, etc. Even My Card in contacts was wrong.
10) Made a bowl of ice cream and gave up for the night.
11) Tried to re-add all cards again this morning. Everything is now up and running on all devices.

Advice, just wait for these issues to get fixed. All this reminds me of why I switched from Windows back in the 90's, constant debugging, re-installing, fixing drivers. And don't sign out of iCloud unless you really want this working now.
 
Update: I'm all setup. The identity verification finally went through. A few things I got from the support lady: you get 5 account maximum. We did 3 attempts as she closed out the first two as we tried again. If you do NOT do the identity verification there is a 500.00 Max in place and it will force you to do so at that time.

She said there's conflicting information being given form support but she can confirm its fully rolled out. There's just of course going to be some issues addresses.

My issue was my name and from a public records perspective what displays. After the third attempt it was all verified and I'm fully setup with zero restrictions.
 
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