Who Should Get a Loop Corporate Card?
The Loop Corporate Card is ideal for businesses that want access to a corporate card with no FX fees, no annual fees and the use of four currencies such as CAD, USD, GBP and EUR. Through Loop, you can make purchases without needing to convert currency and see your balances in real time through their dashboard.
How Does the Loop Corporate Card Work?
The Loop Corporate Card works by giving you a credit limit to meet your business needs and uses four currencies such as CAD, USD, GBP and EUR, in one card. For example, you can instantly pay in GBP if the purchase price is in GBP. You can also earn 1 point for every dollar spent on all purchases and get rewarded for e-commerce activities such as international shipping or buying goods.
What Are The Fees For The Loop Corporate Card?
The Loop Corporate Card carries the following costs and fees: no monthly fees, no annual fees and no FX fees on USD, CAD, EUR and GBP purchases.
How Do I Make Payments For The Loop Corporate Card?
You can see your balances in real time through the Loop dashboard, allowing you to track your spending for each currency. The balance can be paid off through any payment method such as debit card or online banking.
What Are The Requirements For The Loop Corporate Card?
The only requirements for the Loop Corporate Card are details about your business, the channels/payment processors you use, your monthly revenue and other relevant information for the approval of your account.