Overview
You can receive local and international payments directly in CAD, USD, EUR, and GBP using your Loop Account details, and you can also receive incoming SWIFT (international wire) payments in 25+ additional currencies, which are automatically converted to CAD and deposited into your Loop CAD Account.
This article covers the currencies you can be paid in, where to find the right account details to share, and how incoming SWIFT payments in other currencies are handled.
Which currencies can I receive directly?
Your CAD, USD, EUR, and GBP Loop Accounts can receive both international and local payments in those currencies.
You can find your account details in the Accounts section of the Loop Dashboard. When sharing your details, make sure your customers use the correct set based on whether they are sending a local or an international payment.
Which currencies can I receive by SWIFT wire?
You can also receive SWIFT (international wire) payments in the currencies listed below. To do this, provide the bank details found in the International details section of your CAD Account.
These payments are converted into CAD using the foreign exchange (FX) rate in your Loop subscription plan and deposited into your Loop CAD Account.
Currency | Code |
Australian Dollar | AUD |
Bahrain Dinar | BHD |
Chinese Yuan | CNY |
Czech Koruna | CZK |
Danish Krone | DKK |
Hong Kong Dollar | HKD |
Hungarian Forint | HUF |
Israeli Shekel | ILS |
Japanese Yen | JPY |
Kuwait Dinar | KWD |
Mexican Peso | MXN |
New Zealand Dollar | NZD |
Norwegian Krone | NOK |
Omani Rial | OMR |
Polish Zloty | PLN |
Qatar Rial | QAR |
Romanian Leu | RON |
Saudi Riyal | SAR |
Singapore Dollar | SGD |
South African Rand | ZAR |
Swedish Krona | SEK |
Swiss Franc | CHF |
Thai Baht | THB |
Turkish Lira | TRY |
Ugandan Shilling | UGX |
United Arab Emirates Dirham | AED |
FAQs
Which currencies can I hold and receive payments in directly? You can receive both local and international payments directly in CAD, USD, EUR, and GBP.
Where do I find my account details to receive a payment? Your account details are in the Accounts section of the Loop Dashboard. Share the details that match how your customer is paying you — local or international.
What's the difference between local and international payment details? Each account has separate details for local and international payments. Give your customer the set that matches how they're sending the payment so it routes correctly.
How do I receive a SWIFT payment in a currency other than CAD, USD, EUR, or GBP? Provide the bank details from the International details section of your CAD Account. Payments in the 26 supported SWIFT currencies are accepted and converted to CAD.
What happens to a SWIFT payment in one of the other 26 currencies? It is converted into CAD using the foreign exchange (FX) rate in your Loop subscription plan and deposited into your Loop CAD Account.