Crypto autopay streamlines recurring payments
What is crypto autopay?
Transactions in web3 are pushes. Users initiate each send. This means every time your customer wants to make a payment, they need to return to your website, locate your wallet address, and then click send. For the individual user, this is annoying, but for multi-sig wallets, it is unsustainable when you need to coordinate multiple signers every pay period.
With all that friction, it is no surprise that subscription businesses manually collecting crypto payments find customer churn can be double for users paying in crypto as compared to fiat. Beyond the insanely high churn, businesses are spending countless hours following up on and reconciling manual crypto payments.
Subscription businesses manually collecting crypto payments find customer churn can be double for users paying in crypto as compared to fiat.
We set out to fix this broken experience; hence the birth of the most adaptable payment system enabling crypto autopay. Businesses using Loop for crypto autopay see lower churn and save 10+ hours a month on payment collection activities. Businesses trust Loop to handle their billing needs, and they’re seeing the results.
Loop unlocks superior product experiences. We do this by providing a suite of APIs, tooling, and smart contracts that fit into your current process and enable your customers to turn on crypto autopay — removing the headache of recurring payments for everyone. Users always maintain control over their assets while eliminating the need to sign every recurring transaction.
We believe in a decentralized, interoperable future — one where global commerce (both goods and services) is increasingly peer-to-peer, and users are more in control of their assets, including their data. We are focused on automating crypto transactions to accelerate this future.
If you want to automate recurring crypto payments in any ERC-20 token, let’s talk. Efficient companies choose Loop to save time and simplify their payment processes.
___________________________________________________________________________________________________________________________________
About Loop
At Loop Crypto, we build infrastructure to unlock truly programmable money and create an open financial system. We enable crypto payments for 50+ of the top web3 companies, including Pinata, Neynar, Paragraph, Kaito, ETHGlobal, and ENS, supporting millions of dollars transacted and saving thousands of hours.
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. Our integrations with Stripe, QuickBooks, and Xero make it easy to implement crypto payments within your existing operations.
If you’re ready to get started, book a call with our team to get started in minutes.
Stay in the Loop.