LocalPay: Retail Pay-by-Bank 1.15

LocalPay: Retail Pay-by-Bank 1.15

FinChain – Freeware – iOS
out of 3 votes
Latest Version
1.15
Safe to install
EXCELLENT User Rating

LocalPay offers a streamlined and highly secure platform for retail payments, serving consumers, merchants, banks, and credit unions with an integrated payment solution.

The system simplifies transaction processes while providing tangible benefits across user groups: merchants benefit from reduced fees and real-time settlement capabilities; consumers enjoy flexible payment options coupled with enhanced rewards; and financial institutions experience increased transaction volume and revenue opportunities.

Merchants benefit from direct settlement with banking institutions, eliminating intermediaries. This setup results in significantly lower transaction fees and the capability for real-time settlement, enhancing operational efficiency.

Consumers are empowered with the ability to select preferred payment accounts and are often rewarded more generously through various merchant-specific incentives, fostering greater engagement.

Security is a primary focus, with biometric authentication and PIN-enabled payments substantially reducing the risk of fraudulent transactions.

The platform features a quick onboarding process, allowing both merchants and consumers to set up their accounts within minutes, facilitating rapid deployment and adoption.

Key features of the LocalPay app include:

  • Ability to securely link multiple bank accounts via Plaid, enabling users to switch between accounts effortlessly and set default options.
  • Tools for merchants to create and manage employee accounts, with transaction records attributed to individual staff members yet integrated into the main merchant account.
  • Customizable merchant QR codes that facilitate direct payments to verified business bank accounts, with options for adding tips, discounts, and email receipts.
  • Comprehensive transaction history management, allowing consumers to organize records by linked bank accounts and merchants to export data into CSV formats for reporting purposes.

Available for free download, LocalPay introduces an additional layer of trust and security to retail financial exchanges.

For more information, visit localpay.com.

Overview

LocalPay: Retail Pay-by-Bank is a Freeware software in the category Business developed by FinChain.

The latest version of LocalPay: Retail Pay-by-Bank is 1.15, released on 05/26/2025. It was initially added to our database on 05/26/2025.

LocalPay: Retail Pay-by-Bank runs on the following operating systems: iOS.

Users of LocalPay: Retail Pay-by-Bank gave it a rating of 5 out of 5 stars.

Pros

  • Secure and trusted payment method leveraging existing bank infrastructure.
  • Easy integration with retail systems and online stores.
  • Potentially lower transaction fees compared to credit card payments.
  • Enhanced privacy due to direct bank transfer process.

Cons

  • Limited adoption if not widely accepted by merchants.
  • Bank dependence could cause delays in payment processing.
  • Less user-friendly for those unfamiliar with online banking.
  • May require customers to have online banking enabled and set up, creating usability barriers.

Screenshots (Click to view larger)

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