Overview
Loop allows Merchants to easily accept onchain payments in any stablecoin or token. Loop works with all payment types - including subscriptions with native autopay - and supports payouts in fiat or stablecoins.Get started
Payments
For merchants that are looking to directly integrate Loop.
Stripe integration
For merchants already using Stripe and are looking to add Loop to accept crypto and stablecoin payments.
OpenPay (now Airwallex)
For merchants looking for a billing platform that supports both crypto and fiat natively.
FAQs
What is a crypto payment processor?
What is a crypto payment processor?
A crypto payment processor facilitates digital transactions between merchants and their customers enabling merchants to accept various forms of crypto payment. With Loop, we make it easy to accept stablecoins, ERC-20 tokens (tokens deployed within the Ethereum ecosystem and popular layer 2 networks), or SPL tokens (tokens deployed within the Solana ecosystem). Merchants that accept crypto payments need to work through various complexities related to accepting payment on multiple networks, in multiple tokens, and from various types of wallets. Loop handles this complexity and provides APIs and tooling that are easy to use. This allows for the secure and quick transfer of funds from the customer’s wallet to the merchant’s wallet. You can read more about web3 payment processing here.
What does a crypto payment processor do?
What does a crypto payment processor do?
Loop plays an important role in enabling businesses to accept and process various forms of crypto payment from customers. Some of the services Loop provides include transaction facilitation, authorization and authentication, encryption and security, settlement and funding, data reporting and analytics, and support for multiple currencies and payment methods.
How do you manage the volatility of accepting payment in crypto?
How do you manage the volatility of accepting payment in crypto?
By default, Loop denominates or anchors all pricing to the US dollar at the time of purchase.For example, if you are buying a product that is $100 and paying in ETH, Loop will ping a pricing oracle at the time of purchase and charge you the equivalent amount of ETH at that moment in time.Of course, to eliminate any exposure to potentially volatile crypto assets, merchants can always simply accept stablecoins like USDC and USDT. Loop enables merchants to configure the tokens they accept, so merchants are able to opt to only accept stablecoins, or one particular stablecoin, if desired.
Do customers need to lock up funds?
Do customers need to lock up funds?
No, Loop never custodies any funds. As a payment processor, Loop provides authorization and facilitates the movement of funds from the customer’s wallet to the merchant’s wallet, never custodying the funds.
What if the customer doesn't have enough funds to pay?
What if the customer doesn't have enough funds to pay?
Loop does all the hard work of ensuring a payment occurs so you don’t have to. Before a payment is due, we notify the customer if their balance is too low. If the issue isn’t resolved by the due date, we send a webhook to the company notifying them of the missed payment. We will keep attempting the payment method until the company directs us to stop.
What networks do you support?
What networks do you support?
We provide support across all EVM (Ethereum Virtual Machine) chains and Solana. Since there are over 300 networks, we have a default list of the most popular networks that we present to merchants. However, a merchant can add any EVM network or Solana upon request. Our default list of networks is: Solana, Optimism, Base, Polygon, Arbitrum, Ethereum, and BNB Smart Chain.For testing purposes, we also support Sepolia (Ethereum testnet) and Solana Devnet.
What tokens do you support?
What tokens do you support?
For EVM networks, we support all ERC-20 tokens and native tokens for one-time payments and invoicing. For Solana, we support all SPL tokens.Please note, while Loop works with any token, if you would like to price in fiat and accept in a token, we will need a price feed. We currently use CoinMarketCap as our price feed.
Does Loop support payments in ETH?
Does Loop support payments in ETH?
Yes! Loop supports the native Ethereum token, ETH, for one-time payments and invoicing. For subscriptions, Loop supports the wrapped version of ETH known as WETH.
Do you off-ramp?
Do you off-ramp?
Yes! Loop allows merchants to settle in either fiat or crypto.
Do you work with subscriptions?
Do you work with subscriptions?
Yes! Loop works with recurring subscription payments. We work similar to credit cards - a customer authorizes their wallet to be charged, and each billing period the wallet is charged without the end customer having to take action.
Do you work with one-time purchases?
Do you work with one-time purchases?
Yes! Loop works with one-time purchases. Customers can authorize payment for only one purchase.
Do you work with invoicing?
Do you work with invoicing?
Yes! Loop works with invoicing purchases. Customers can pay an invoice with Loop.
Do you work with top-ups?
Do you work with top-ups?
Yes! Loop allows customers to pre-pay for credits.
Do you have payment notifications?
Do you have payment notifications?
Yes! We send receipts and payment reminders for our Stripe integration only to the end customer both before a payment is due and after a payment has been confirmed.
What wallets do you support?
What wallets do you support?
Loop supports over 500 wallets, including MetaMask, Coinbase Wallet, and Rainbow wallet. Loop works with all non-custodial wallets, including MPC wallets and smart wallets. Loop does not support payments from an exchange account today but will in the future. If this is functionality you need, please reach out to hello@loopcrypto.xyz.