LoopPay icon

LoopPay

LoopPay is a digital wallet app that allows users to store credit/debit cards and pay in stores using their mobile phone. It works with magnetic card readers by mimicking a card swipe.
LoopPay alternatives ➤

What is LoopPay?

LoopPay is a digital wallet app launched in 2012 that allows users to store their credit and debit card information and pay in physical stores using their mobile phone. It is designed to work with existing magnetic card readers by transmitting a signal that mimics the magnetic strip on a traditional payment card.

The key benefits of LoopPay include:

  • Allows contactless payments: Users can pay by holding their phone near a magnetic card reader rather than inserting or swiping a physical card.
  • Works with existing infrastructure: LoopPay transmits card data to magnetic stripe readers, so merchants do not need to replace their hardware.
  • Stores cards: Users can store an unlimited number of credit/debit cards in the app for easy access.
  • More secure: Payments are protected by tokenization technology to keep card numbers safe.

While once marketed to consumers, LoopPay was acquired by Samsung in 2015. Samsung integrated it into their Samsung Pay mobile wallet as the backbone for its magnetic secure transmission (MST) technology for contactless payments. This allows Samsung Pay to be accepted at nearly all stores that accept regular credit/debit cards.

Official Links

Official Website
itunes.apple.com/us/app/looppay-pay-by-...

The Best LoopPay Alternatives

Top Apps like LoopPay

Stripe, PayPal, Amazon Pay, Squarespace, SuperPay, Payoneer, Apple Wallet, Pixpa, Simvoly, GNU Taler, Mollie, Knit Pay are some alternatives to LoopPay.
Sugggest an alternative ❐

Stripe

Stripe is an online payment processing service launched in 2011 that allows both individuals and businesses to accept and make payments over the Internet. Stripe provides the technical, fraud prevention, and banking infrastructure required to operate online payment systems.Some key features of Stripe include:Easy-to-use APIs and excellent documentation to...

PayPal

PayPal is an online payments system and financial services provider based in San Jose, California. It allows users to transfer funds electronically between parties and offers online payment solutions for individuals and businesses worldwide. PayPal enables users to send, receive, and hold funds in 26 currencies to over 200 markets using their...

Amazon Pay

Amazon Pay is an online payment processing service owned by Amazon that allows users to make purchases on third-party websites and mobile apps using the payment and shipping information stored in their Amazon account. It provides a streamlined, one-click checkout experience for customers by eliminating the need to manually enter...

Squarespace

Squarespace is a leading all-in-one content management and website building platform. Founded in 2003, Squarespace provides intuitive tools that allow anyone to create beautiful, professional-looking websites without needing to know any code.With Squarespace, users can choose from a variety of stylish templates to easily build websites for blogs, online stores...

SuperPay

SuperPay is an intuitive payment processing software designed for small and medium-sized businesses. It enables merchants to accept debit and credit card transactions both in-retail stores and through e-commerce websites. SuperPay stands out for its simple pricing, top-notch customer service, and seamless integration with many popular POS platforms.Some key...

Payoneer

Payoneer is an online payment platform designed to facilitate cross-border B2B payments for freelancers, online sellers, marketplaces, and other professionals. Founded in 2005 and based in New York, Payoneer aims to provide easy and low-cost ways for businesses and contractors to pay and get paid globally.Some key features of...

Apple Wallet

Apple Wallet is a mobile app developed by Apple that serves as a digital wallet, storing digital versions of everyday items like credit and debit cards, boarding passes, event tickets, coupons, reward cards, and more. It allows iPhone and Apple Watch users to conveniently access these digital items with a...

Pixpa

Pixpa is a user-friendly website builder and content management system designed specifically for creative professionals like photographers, graphic designers and illustrators. It makes it easy to showcase work online, write blog posts to share ideas, and even sell photographs, illustrations, digital downloads and other creative products right from your portfolio...

Simvoly

Simvoly is a powerful and intuitive diagramming software used to create a wide variety of visual diagrams and charts. Some of the common uses and diagram types include:Flowcharts - Used to map out processes, workflows, algorithms, program logic and more.Mind Maps - Help organize ideas and concepts visually...

GNU Taler

GNU Taler is an open source electronic payment system developed to prioritize privacy, security, and freedom for users making digital payments. The goal of Taler is to offer an online payment processing system that protects user privacy and does not enable mass surveillance or bulk collection of financial data.GNU...

Mollie

Mollie is an online payment processor based in Amsterdam, founded in 2004. It allows businesses to accept online payments easily by integrating with various payment methods.Some key features of Mollie include:Supports popular online payment methods like Visa, Mastercard, PayPal, Apple Pay, SEPA bank transfers, SOFORT, Bancontact, iDEAL, paysafecard, and...

Knit Pay

Knit Pay is a cloud-based invoicing and payments management platform designed for freelancers, consultants, and small business owners. Its key features include:Creating professional invoices with customized templatesAccepting online payments via credit card, PayPal, ACH or wire transferAutomatic payment reminders to clientsIncome and expense trackingClient database and contract/project managementTime...