I recently had the opportunity to use a LoopPay Fob and LoopPay charge case*. If not familiar with LoopPay, LoopPay is a virtual wallet which allows you to securely store your credit cards, debit cards, loyalty cards, license, etc on your smartphone. Then when you need to make a purchase you tap your phone or FOB against the payment card reader and can be paid for your transition.
Philosophy Behind LoopPay
LoopPay is both hardware and software. The LoopPay app is available free in both the iTunes and Google Play stores. The app is straightforward to use and if you are familiar with other smartphones apps. It is both pin and password protected. The FOB connects to the headphone jack and allows you to swipe any card with a magnetic stripe. You have the ability to manually enter card information as well. For ID and loyalty cards you use the camera on your phone to takes pictures of both the front and back of your cards. Once entered they fall into one of the two categories on the app, payment or ID/Member. You have the ability to select nicknames for all cards and for payment cards you can select from varies colors schemes to help match the actual physical card. Once you have cards entered you are now ready you use LoopPay to make a purchase. You can either use the charge case, or FOB to complete a transaction. They both emit and magnetic pulse or loop (hence the name) when activated for payment. Just simply tap the device on the payment card reader.
Here’s a hands-on video I put together. Click play – I darn you.
What I Didn’t Like
There is a slight learning curve when using the hardware for the first time. Setting up at home is easy, but pulling off the transaction at the store with a long line of people waiting behind you is another thing. The charge case is a little bulky compared to my standard otter box case.
What I Love
The app set up is very easy. Adding cards is very simple and easy to categorize them. The charge case does offer a boost to your dying phone. When I first set it up on my phone I had 45% battery life, after plugging in the charge case it quickly boosted my phone’s charger to over 85% in under a half hour. During my first test to pay with LoopPay, I had no issues at the grocery and retail store, other than my own initial learning curve.
Why you Should buy a “LoopPay” Device
If you are in the market for a virtual wallet LoopPay offers some great features. It can be used at roughly 90% of all U.S. locations that take credit cards and that is far greater than the other virtual wallets on the market, The app itself is easy to use and hardware features a charging case the will breathe life back into a dying phone. There are a number of reviews for LoopPay, but I found the Consumer Reports to be the most informative.
Have you taken your wallet virtual? If so what wallet do you use? If not, what are you waiting for?
* LoopPay Inc, provided the hardware to me free of charge for this review.