Overview
Loop makes it simple to pay vendors, suppliers, and contractors around the world. You can send funds in 25+ global currencies without needing multiple bank accounts or worrying about complex wire instructions.
When you send an international payment, Loop automatically routes your transfer through the optimal network — whether it’s SWIFT, ACH, EFT, or Faster Payments — ensuring reliability, speed, and transparent fees.
Steps
Loop into the Loop Dashboard.
Add the international payee.
Navigate to Send Payments.
Click Add Payee and enter the recipient’s details, including their name, address, and international banking information (like IBAN or SWIFT/BIC code).
You can also request these details directly from the payee through the platform.
Start a new payment.
Go to Send Payments and select the payee from your saved list.
Choose your funding source — either your Loop account or a connected external bank account.
Enter the amount and select the currency you want to send.
Confirm payment details.
Review all information carefully, including exchange rate and recipient details.
Loop automatically determines the most efficient international payment route (e.g., SWIFT or local transfer).
Send and view confirmation.
Submit your payment.
Once sent, you’ll receive a confirmation and can download a payment receipt from your dashboard.
Key Features & Considerations
Multi-Currency Support:
Send payments in over 25 global currencies, including USD, GBP, EUR, CAD, and more.
Automatic Network Selection:
Loop routes your payment through the fastest and most cost-effective network for the destination.
Transparent Exchange Rates:
All fees are included in the displayed exchange rate — no hidden costs.
Payment Approval Controls:
Set approval limits and roles to manage who can send international payments.
Connected Accounts:
Fund international payments using your Loop account or a linked external bank account.
FAQs
Which countries can I send payments to?
You can send payments to most major global regions. Availability may depend on currency and destination country.
How long do international payments take?
Most payments arrive within 1–3 business days, depending on the recipient’s location and network.
Are there additional fees for international payments?
No. The exchange rate shown before you send includes all fees.
Can I track an international payment?
Yes. You can view payment status and download confirmation details in your Loop dashboard.
Do I need to choose a payment method (ACH, SWIFT, etc.)?
No — Loop automatically selects the best method for your recipient’s location.