Getting Started
Get started with Loop and manage your international accounts, payments, and FX in minutes.
12 articles
Quick Start Guides
Follow step-by-step guides to get up and running with Loop fast.
- Getting Started: Loop AccountsYour account includes multi-currency accounts in CAD, USD, EUR, and GBP. Hold balances securely, and when you’re ready to receive payments, upgrade to Operating Accounts to get paid like a…
- Getting Started: CardsCreate virtual and physical Loop Global Visa cards in just a few clicks. Choose between an Account-Linked Card (ALC), which draws directly from your Loop Account balances, or a Loop Global Visa…
- Getting Started: Loop Global Visa Credit CardThe Loop Global Visa Credit Card is a multi-currency business card that helps you spend smarter and scale globally. Get up to $1M in credit, a 55-day interest-free grace period…
- Getting Started: PaymentsLoop makes it easy for your business to send and receive payments around the world. You can pay vendors, contractors, and suppliers in over 200 countries — and get paid…
- Getting Started: Understanding Account BalancesYour Loop account balances show the money available in each of your currency accounts — CAD, USD, EUR, and GBP. You can use these balances to send payments, make FX…
Registration and Onboarding
Learn how to sign up, verify your business, and start using Loop with ease.
- Onboarding FAQsAnswers to common Loop onboarding questions — which role to assign, what documents to provide, identity verification, data security, and approval timing.
- Why Loop Collects Tax InformationLoop collects tax residency information during onboarding to comply with the CRA and IRS. Learn why, and how W-8BEN, W-8BEN-E, RC518, and RC519 forms are used.
Eligibility
Check if your business qualifies for Loop
- Who can apply for a Loop Account?Loop Accounts are open to registered Canadian businesses — Corporations, Sole Proprietorships, Partnerships, and Registered Charities. Any authorized signatory can apply.
- Which industries are restricted from using Loop?Loop can't offer Accounts, Cards, or some payment services to certain industries. See which business types are restricted, high-risk, or not permitted.
- Can Loop open Accounts for non-profit organizations?Loop can open Accounts for non-profit organizations that are registered charities with the CRA. Non-registered non-profits aren't eligible.
- What business types can use Loop?Loop Accounts are currently available only to registered Canadian businesses. We’re working toward expanding to other regions soon.