Its a very informative video. But there is a big question here. What if someone just starting selling on Amazon? So, then according to Loop they won't qualify for credit limit? Bcz they will not have enough sells in their first day/week. Or I have start with another us bank based in Canada? and then after 3 months I can change my bank to Loop banking? How does it work?
@@SherylMarcinek Thank you so much for your response Sheryl. So, do you advise me to start selling on Amazon with any US based Canadian bank and then after few months when ill have enough sales than I can apply for LOOP ??
Sad to say i have NOT had a good experience with them. - communication response time is horrible, had to message multiple times to get a response. - they say up to 24 hours for you to get approved, but nothing happened for days, then when i reached out they said "oh yea we need your business name" -Ok here it is, "Nope! we can't find it" -...What? - "Oh also we need to see a filed tax return with your business", ?? thought it was supposed to be 3 months of sales on amazon? then they haven't replied to me since, all i asked was to speak with someone on the phone. Very disappointed, would have helped my business a lot.
Hi Wyly, I am really sorry to hear about the poor experience setting up your account. If you could reach out to me directly via DM with your company name, I'd really appreciate it so I can investigate and make sure these issues are resolved. Thanks
Can you make a video about loop to address some of the questions below, please? 1- Can I withdraw USD from this account? And is that free? If not how much is it? 2- Can i send money from loop to another and in USA? If yes how much do you charge for that ? 3- do I get a physical debit card with loop? How many free debit transaction does it offer, if any?
This is great. I'm very interested in this service I really wanna see how the fees are. But with the credit card being able to use a us billing address is huge.
@@SherylMarcinek I apllied and they can not aprove because they could not find my business in the canadian registery as my business is registered in the US. Do you know any thing like Loop based in the US. I live in Canada but my company is registered in US.
@@tsegaitesfainere1326 oh no that’s too bad! Yes as far as I know they only offer to Canadian businesses. I cannot recommend anything bec never tried any other company except them. You have US company bec you sell only in US?
@@SherylMarcinek I can sell in North America but when it comes to ask about bank account and credit cards they deny me because my business is registered in US.
Amazing.. I’ll definitely contact loop through the link you provided..
I love your videos! Thank you so much 😊
Aww thank you🥰 I’m glad I can help you❤️
Sheryl Marcinek thank you for making a video channel for Canadian sellers.
You’re welcome!❤️ I’m happy to help ❤️
Can I get a US Credit card based on this bank account? Like Amex?
Yes the offer US credit card
@@SherylMarcinek No i mean can i open bank account with them and then based on that bank account can i get an Amex Credit Card?
@@Simplykashmiri no they have their own CC
Its a very informative video. But there is a big question here. What if someone just starting selling on Amazon? So, then according to Loop they won't qualify for credit limit? Bcz they will not have enough sells in their first day/week. Or I have start with another us bank based in Canada? and then after 3 months I can change my bank to Loop banking? How does it work?
Yes your company needs to have some history to be able to apply
@@SherylMarcinek Thank you so much for your response Sheryl. So, do you advise me to start selling on Amazon with any US based Canadian bank and then after few months when ill have enough sales than I can apply for LOOP ??
@@monjurmorshed3731 I did that in the beginning. You may also use wise. It’s also a good company to use.
Cross border south africa ?
Sad to say i have NOT had a good experience with them.
- communication response time is horrible, had to message multiple times to get a response.
- they say up to 24 hours for you to get approved, but nothing happened for days, then when i reached out they said "oh yea we need your business name" -Ok here it is, "Nope! we can't find it" -...What?
- "Oh also we need to see a filed tax return with your business", ?? thought it was supposed to be 3 months of sales on amazon? then they haven't replied to me since, all i asked was to speak with someone on the phone.
Very disappointed, would have helped my business a lot.
Sorry to hear about this. I will personally send a screenshot of your comment and send it to him so they can improve their service
@@SherylMarcinek that would be great thanks!
Hi Wyly, I am really sorry to hear about the poor experience setting up your account. If you could reach out to me directly via DM with your company name, I'd really appreciate it so I can investigate and make sure these issues are resolved. Thanks
Can you make a video about loop to address some of the questions below, please?
1- Can I withdraw USD from this account? And is that free? If not how much is it?
2- Can i send money from loop to another and in USA? If yes how much do you charge for that ?
3- do I get a physical debit card with loop? How many free debit transaction does it offer, if any?
This is great. I'm very interested in this service I really wanna see how the fees are. But with the credit card being able to use a us billing address is huge.
I was just looking for this! How can I contact this company?
There’s a link in the description, it will take you to their form. But I will post it here for you app.getloop.ca/register?
@@SherylMarcinek I apllied and they can not aprove because they could not find my business in the canadian registery as my business is registered in the US. Do you know any thing like Loop based in the US. I live in Canada but my company is registered in US.
@@tsegaitesfainere1326 oh no that’s too bad! Yes as far as I know they only offer to Canadian businesses. I cannot recommend anything bec never tried any other company except them. You have US company bec you sell only in US?
@@SherylMarcinek I can sell in North America but when it comes to ask about bank account and credit cards they deny me because my business is registered in US.
They could not verify my business adress in Canada because its registered only in US.
Great video! Supplier keep cancel my order because of my Canada's address, seem Loop can help me that. Thanks for your sharing
Yes! What an amazing products they have. I use them personally. If you need the link to apply here's the info app.getloop.ca/register?
Thanks ❤️@@SherylMarcinek