What is it ?
Loop is a web3 payment processor. It is designed for companies, DAOs, and projects that need to get paid or make payments in crypto. Whether the payment is one-time or recurring, Loop supports a broad range of payment use cases: subscriptions, one-time charges, recurring bill pay, loan repayments, and donations.
In addition to its no-code offering, Loop also provides a suite of APIs allowing clients to utilize Loop as their crypto payment rails to power their applications or platforms. Loop is battle-tested and works with premier projects in the web3 world.
Loop supports payments in any ERC-20 token and is available across EVM chains including Ethereum, Polygon, BNB Smart Chain, Arbitrum, Optimism, and Base.
What problem does it solve?
Loop Crypto solves the following problems:
- Removes the friction of repeatedly signing transactions to enable recurring monthly payments in crypto.
- Eliminates the challenge of matching on-chain transactions with invoices to simplify payment reconciliation.
- Automates receipts, payment reminders, and late payment notices to save hours of back-office financial operations work.
- Integrates easily into web2 payments and invoicing systems to make it easy to add crypto into existing financial tooling.
Feature Highlights
- Flexible payment gateway - ****Support any type of revenue model for businesses paid in crypto (one-time payments, fixed-rate subscriptions, or variable-rate pricing).
- Crypto autopay - Enable autopay functionality so that customers only need to sign one transaction and can have their wallets debited on an ongoing basis.
- Payment scheduling - ****Schedule one-time or recurring payments weeks or months in advance by authorizing a wallet for payment.
- Web2 integrations - Integrate with existing web2 tools, like Stripe, QuickBooks, and Xero, allowing finance teams to manage crypto and fiat payments in one place.
- Payment metadata - ****Generate and capture payment metadata to simplify payment reconciliation and remove the hassle of combing through block explorers.
- Automated dunning - Turn on automated receipts, payment reminders, and late notices to ensure you never miss a payment.
How it works
To see Loop in action, head over to companies like Pinata, Kaito, and Neynar who have embedded Loop within their checkout process.
You can also check out this Loom video.