Fiat Off-Ramp and Settlement Services

Loop's fiat settlement services enable merchants to accept cryptocurrency and stablecoin payments while receiving local currency in their bank accounts. This off-ramp functionality bridges crypto payment rails with traditional banking, allowing businesses to leverage blockchain benefits without crypto treasury exposure.

Settlement Options

Crypto Settlement: Merchants can choose to receive payments directly in the cryptocurrency or stablecoin used by customers. Funds are transferred directly from customer wallet to merchant wallet with no intermediary custody.

Fiat Settlement: Merchants can elect to receive fiat currency (USD, EUR, or other supported currencies) instead of crypto. Loop handles the conversion and bank transfer, with settlement typically completing within a few days depending on currency and country.

Hybrid Settlement: Flexibility to settle some payments in crypto and others in fiat based on business needs. For example, merchants might keep stablecoin payments as USDC while converting volatile tokens like ETH to fiat.

Key Features

Fast Automated Settlement: Streamlined settlement process with automated conversion and bank transfers. For crypto settlement, transactions complete immediately on-chain. For fiat settlement, transfers complete in days rather than weeks typical of international wire transfers.

Low Fees: Competitive rates for fiat conversion and settlement, typically lower than traditional payment processor fees especially for international transactions.

Global Coverage: Support for settlement in multiple countries and currencies. The service handles the complexities of cross-border payments, allowing merchants to receive local currency regardless of where customers are located.

Transparent Reporting: Complete visibility into settlement timing, conversion rates, and fees through the Loop dashboard. Detailed transaction history for accounting and reconciliation.

Use Cases

Ideal for merchants who want to accept crypto payments from global customers while maintaining fiat operations. Particularly valuable for businesses with international customers where traditional cross-border payment fees are high. Enables merchants to offer crypto payment options without requiring crypto treasury management or accounting complexity.

Why Choose Loop

Loop's non-custodial model ensures Loop never holds customer funds, instead facilitating secure transfers from customer wallets to merchant wallets. The platform offers global reach from day one, reducing transaction costs compared to traditional payment rails, and providing instant settlement for crypto transactions. With comprehensive API documentation, developer sandbox environment, and integration support, Loop makes it simple for businesses to unlock crypto and stablecoin payments while focusing on their core business operations.