FaceWallet at App Store analyse

App power index: 100 (based on ranks around App Stores today)
Business Finance
Developer: Bytelogics
Price: 0 free
Current version: 1.71, last update: 4 years ago
First release : 14 Jan 2020
App size: 47.65 Mb
4.0 ( 6080 ratings )
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Estimation application downloads and cost

> 2.2k
Monthly downloads
~ $ 900
Estimation App Cost


FaceWallet consists of three components:

Facepay
FacePay allows you to use your unique image to pay at participating merchants. Scan your face at a payment terminal in lieu of a traditional signature and enjoy the convenience of secure and seamless payments while leaving your wallet at home. If you have your phone on you, then your identity will be securely authenticated via Bluetooth. You’ll never be liable for fraud and can add or delete authorized merchants through your phone.

Merchants pay substantially less (.5%) than typical credit card processing charges and can choose to pass a portion of the savings (0%-5% depending on provider) onto FacePay customers as an incentive.

FaceFund
Invest your FaceWallet balance either risk free in US government bills or into an index fund with 0 fees and more risk.
We do not charge management fees and there are no trading commissions, since we are a fund, not an ETF.

To get maximum returns and lower risk, our fund allocates money between 10 year treasury bonds and S&P 500 index funds with maximum allowable leverage. This will outperform the market by as much as 100%, but introduces more risk should the market fall and interest rates rise at the same time. However, if the markets are efficiently pricing risk, holding more risk will achieve higher expected returns. Please download the app to view our past returns.

FaceTransfer
Send money between US and Europe at institutional exchange rates.
FaceWallet allows users to withdraw their funds in any supported currency (USD, EUR, GBP) at institutional exchange rates. Institutional rates are approximately $10 per $1,000,000 withdrawn, compared to about $7,000 via TransferWiser or up to $25,000 via wire transfers that inflate exchange rates by up to 2.5%. We only pass through actual Wire, ACH or SEPA transfer fees and do not mark up exchange rate.

FaceWallet for Merchants is also available in the App Store as a separate app. It is a free POS system on WooCommerce that supports all major credit cards and is configured similar to Square for fast payments. FaceWallet for merchant allows customers to pay with FacePay.
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Available in countries
Country Price
Canada 69.99 CAD
China 328 CNY
France 59.99 EUR
Germany 59.99 EUR
Italy 59.99 EUR
Netherlands 59.99 EUR
Portugal 59.99 EUR
Spain 59.99 EUR
UK 49.99 GBP
India 4999 INR
Japan 7000 JPY
Korea, Republic Of 66000 KRW
Poland 299.99 PLN
Russia 4490 RUB
Turkey 1099.99 TRY
USA 49.99 USD
Ukraine 59.99 USD
Available for devices
iPhone5s, iPadAir, iPadAirCellular, iPadMiniRetina, iPadMiniRetinaCellular, iPhone6, iPhone6Plus, iPadAir2, iPadAir2Cellular, iPadMini3, iPadMini3Cellular, iPodTouchSixthGen, iPhone6s, iPhone6sPlus, iPadMini4, iPadMini4Cellular, iPadPro, iPadProCellular, iPadPro97, iPadPro97Cellular, iPhoneSE, iPhone7, iPhone7Plus, iPad611, iPad612, iPad71, iPad72, iPad73, iPad74, iPhone8, iPhone8Plus, iPhoneX, iPad75, iPad76, iPhoneXS, iPhoneXSMax, iPhoneXR, iPad812, iPad834, iPad856, iPad878, iPadMini5, iPadMini5Cellular, iPadAir3, iPadAir3Cellular, iPodTouchSeventhGen, iPhone11, iPhone11Pro, iPadSeventhGen, iPadSeventhGenCellular, iPhone11ProMax, iPhoneSESecondGen, iPadProSecondGen, iPadProSecondGenCellular, iPadProFourthGen, iPadProFourthGenCellular,