Cross Border Banking2024-12-05T14:31:53-08:00

Cross Border Banking

In the realm of cross border banking, the need for cost-effective, flexible banking solutions has never been greater.

Loop Financial provides a no-fee business banking option designed to meet the needs of ecommerce professionals like you. Whether you’re selling products across borders or managing international suppliers, Loop allows you to maintain multi-currency accounts in CAD, USD, EUR, and GBP—all without incurring monthly fees.

  • Cost-effective

No-Fee Business Banking

With Loop’s no-fee banking services and a $100 CAD signup bonus available through our exclusive referral link*, you can simplify your financial management and focus on growing your business.

If you’re an ecommerce merchant, small business owner, or freelancer looking for a seamless banking experience, Loop Financial offers an innovative solution tailored specifically for your needs.

This functionality is especially valuable for ecommerce merchants, as it facilitates transactions in various currencies effortlessly. By leveraging Loop’s services, you can reduce the stress associated with currency conversions and fees, allowing your business to thrive in global markets.

The intuitive online platform provided by Loop ensures that you can manage all your banking needs conveniently. Track transactions, monitor balances, and engage with your funds—all in real time. This ease of use is particularly beneficial for busy freelancers and small business owners who require efficient access to their financial data.

  • No FX Fees

Low Currency Conversion Fees

One of the significant advantages of using Loop for your cross border banking needs is its remarkably low currency conversion fees—just 0.50% or lower. This stands in stark contrast to the typical 3-4% fees associated with major banks and payment services like PayPal.

In-House Sales Training

For ecommerce businesses making frequent international transactions, these savings can add up significantly over time.

By partnering with Loop, you protect your profits from exorbitant banking fees, thereby enhancing your revenue. This low-cost structure is particularly beneficial for small business owners who often face tight margins in competitive markets. With Loop, you can allocate more of your earnings toward scaling and developing your business, rather than yielding to unnecessary fees.

Loop’s responsive customer service team is dedicated to helping you navigate global banking challenges, ensuring that your transactions are smooth and efficient regardless of the currency involved.

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  • World-Wide

Business Visa Cards

Loop Financial also offers business Visa cards as part of its service package, allowing ecommerce merchants and small business owners to manage their expenses with ease.

These cards incur no annual fees, making them a cost-effective choice for businesses that might otherwise be burdened by hidden costs associated with traditional banking products.

With variable credit limits, Loop’s Visa card provides the flexibility you need for everyday purchases or collaborative projects. This is particularly important for freelancers and small businesses looking to manage their cash flow effectively. Whether investing in inventory or marketing campaigns, having a reliable credit option is essential.

Also, the global acceptance of the Visa card grants you the capability to transact internationally without concern, reinforcing Loop’s commitment to making cross border banking easy and effective.

  • Inventory Financing

Financing Options for Amazon Sellers

If you are an Amazon seller, Loop Financial understands the unique challenges you face in managing cash flow and financing needs. That’s why Loop provides specialized financing options based on your sales revenue, allowing you to secure the funds necessary for inventory, marketing, or operational expenditure.

In-House Sales Training

This service is tailored specifically for ecommerce merchants, enabling you to access the capital you need while maintaining the flexibility to grow your business. Loop assesses your sales revenue to offer financing solutions that fit your business model, making it easier to plan for both short-term needs and long-term growth.

With competitive rates and streamlined application processes, Loop ensures that your path to securing necessary funds is as simple and efficient as possible. By choosing Loop, you can maintain momentum in your business operations and seize opportunities as they arise.

Don’t miss out on your $100 CAD signup bonus; open your account today using our exclusive referral link*

Frequently Asked Questions:

Are there any hidden fees associated with Loop’s services?2024-12-05T11:22:27-08:00

No, Loop is committed to transparency and offers no hidden fees. Business banking and services are designed to be straightforward and without unexpected costs.

Does Loop offer financing options?2024-12-05T11:22:37-08:00

Yes, Loop Financial specializes in providing tailored financing solutions specifically for Amazon sellers and ecommerce businesses. Recognizing the unique financial needs that arise from operating in the online marketplace, Loop assesses your sales revenue to determine the financing options best suited for your business. This means that you can access funds quickly and efficiently, allowing you to seize growth opportunities without unnecessary delays.

Loop’s financing solutions are designed to give you flexibility in managing your cash flow. Whether you need funding for purchasing inventory, launching marketing campaigns, or covering unexpected operational expenses, Loop makes it easier for you to secure the capital required to keep your business running smoothly.

Key Benefits of Financing with Loop Include:

  1. Revenue-Based Financing: Your financing limits are based on your actual sales revenue, aligning the repayment structure with your earnings. This helps ensure that your repayments are manageable, especially during seasonal fluctuations or market changes.
  2. Quick Approvals: Loop offers a streamlined application process, allowing you to receive funding quickly. This means you can act fast on business opportunities, whether that’s restocking popular products or investing in marketing strategies to boost sales.
  3. Competitive Rates: Loop strives to provide financing with competitive rates, ensuring that you can access funds without being burdened by excessive interest charges. This helps to maximize your profitability as you invest in growth.
  4. No Hidden Fees: Transparency is key at Loop. You won’t encounter unexpected fees or costs associated with obtaining your financing, making it easier for you to stay on top of your financial planning.
  5. Supportive Customer Service: If you have questions about the financing process, Loop’s dedicated customer support team is available to assist you at every stage, providing guidance and expertise to help you make informed decisions.

By choosing Loop Financial for your financing needs, you empower your business to thrive in the competitive ecommerce landscape, ensuring you’re ready to tackle challenges and seize growth opportunities as they arise.

What currencies can I hold in my Loop account?2024-12-05T11:22:44-08:00

Loop allows you to maintain accounts in multiple currencies, including CAD, USD, EUR, and GBP. This capability is ideal for businesses involved in cross border transactions.

Is Loop a bank?2024-12-05T11:22:51-08:00

No, Loop Financial is a Canada-based fintech company. While it offers services similar to traditional banking, it operates differently, focusing on low-fee, technology-driven solutions for ecommerce and small business needs.

*Disclaimer

The $100 CAD signup bonus offered through Loop Financial is subject to terms and conditions set forth by Loop. This bonus is available exclusively for new applicants who open an account using Kascadian’s dedicated referral link: .

Please note that Kascadian may receive a referral fee for each successful registration made through this link. Participation in this program does not guarantee approval for an account or receipt of the bonus, as final eligibility is determined by Loop Financial based on their internal criteria.

For additional details and a complete outline of terms and conditions for the signup bonus, please refer to Loop Financial’s official documentation.