Why Loop is the clear choice for stablecoin acceptance compared to BVNK
Introduction
BVNK is a payments infrastructure company focused on payouts enabling businesses to convert stablecoins into fiat currency. If you are looking to implement crypto or stablecoin payments and are wondering what the difference is between BVNK and Loop Crypto, this article is for you. While BVNK’s core competency is around payout infrastructure, Loop Crypto is analogous to a payment gateway enabling payins and then settlement in crypto or fiat.
Read on to see why merchants and platforms that need a stablecoin solution that integrates with their existing billing system, offers recurring payments, and provides configurable payment components select Loop Crypto.
Why companies choose Loop
Let’s dive in and start with Loop Crypto. At its core, Loop is a payment acceptance solution that enables merchants to get paid in crypto (including stablecoins) and then settle funds in either crypto or fiat. With hundreds of millions of crypto and stablecoin users globally and $250B in stablecoins already circulating, growing at 2x YoY, merchants cannot afford to ignore this payment method. It is a critical means to get paid by more customers, get paid faster, and get paid with reduced fees.
When evaluating stablecoin and crypto payment solutions, companies primarily choose Loop for these reasons:
Integrations - Loop is integrated directly into payment platforms like Stripe, Chargebee, Xero, QuickBooks, and OpenPay, meaning merchants have one system of record for all their payments and access to these powerful billing systems and their rich features and integrations.
All payment types: Loop supports all payment types: invoices, one-time purchases, subscriptions, and metered billing. It also offers a broad range of network and token support, allowing crypto to work for any business model.
Flexibility: Loop is flexible enough to build custom in-app billing experiences for merchants that want more control over their payment experience.
Track record: Loop has helped top companies process millions in payments across EVMs and Solana.
Integrations
Loop offers an unmatched suite of integrations that allows merchants to plug crypto and stablecoin payments into their existing billing systems. This includes integrations with platforms like Stripe, OpenPay, Chargebee, Xero, and QuickBooks. This is extremely valuable as it allows merchants to gain access to all of the functionality their existing billing systems offer, such as free trials, coupon codes, billing per unit, and many more features. There are no constraints on what functionality is available for those who pay in crypto vs. those paying in fiat.
In addition, Loop’s integration suite means merchants do not have to manage two separate billing systems. Setup is extremely straightforward, and there is no hassle of maintaining two systems, each with its own approach to product and pricing logic. Finally, using Loop’s integrations allows merchants to unlock visibility into all their transactions from one place. All payment data flows into one system, so merchants can track all open and closed invoices from one location.
All payment types
Businesses bill for many different types of payments, and their payment methods ought to support all of them. Loop enables crypto invoicing, one-time crypto payments, and crypto subscription payments without requiring locking up funds. Loop makes accepting crypto recurring payments effortless with native autopay. Autopay is critical for reducing churn, ensuring merchants retain their customers. When an autopay solution is not in place, churn can be up to 2x higher!
Other solutions claim to enable recurring payments, but in reality, they require locking up funds in a smart contract, managing complicated streams of tokens, or sending repeated emails with payment links. Loop is designed to make crypto subscriptions and one-time payments as straightforward as charging a credit card or bank account. These complicated lock-ups and streams add significant friction to the checkout process and increase the risk of losing a sale. With Loop, the checkout experience simply collects a wallet authorization, and then Loop is able to charge (or “pull”) the funds at the specified time.
Flexibility
For merchants that want to own the entire payment experience end-to-end, Loop offers a flexible crypto payment API and configurable payment components. Companies can be up and running with custom checkout experiences within weeks, or even days, not months (check out our Helius case study to see how). The flexibility of Loop’s APIs means that Loop can accommodate any type of pricing model and checkout configuration. In addition, our pay component makes it simple to collect payment authorization from any wallet. This allows end customers to store payment methods, so companies can bill for recurring crypto payments or provide one-click checkouts.
A framework for evaluating stablecoin merchant acceptance solutions
If you’re assessing stablecoin payment solutions like BVNK and Loop, there are a few factors to keep in mind. Loop Crypto is the leading solution when it comes to stablecoin acceptance. For merchants looking to enable stablecoin payments or platforms planning to add stablecoin transactions for their users, Loop offers a robust acceptance solution that is simple to integrate using our API suite and payment components.
As you assess merchant acceptance solutions, here are a few questions to keep in mind:
How will this stablecoin payment solution integrate into my existing billing system?
Does the solution support my pricing model? Can it handle a range of billing scenarios, like flat-rate subscriptions and usage-based pricing?
What does implementation entail? Are there out-of-the-box components I can use to get up and running quickly while still being able to customize my checkout experience?
What types of payment methods (i.e., networks and tokens) are supported?
Can settlement occur in stablecoins or fiat, and what regions are supported?
In the next section, we evaluate Loop Crypto and BVNK against this framework to understand where Loop is differentiated in its offering.
Loop’s unique feature set
1. Integrations with existing billing systems
As noted earlier, one of Loop’s most powerful features is its integrations with existing billing systems, like Stripe and OpenPay. Managing different billing systems for different payment systems is a significant operational challenge and leads to challenges when it comes to managing customer records and invoices. With Loop, you can use one system, like Stripe, as your source of truth and then utilize Loop to facilitate the payment of stablecoins or crypto. In addition, this means features like discount codes and free trials are natively available when using Loop. There is no need to rebuild any of this logic as Loop seamlessly integrates with these features.
This integration capability with billing systems is currently missing from BVNK’s offering. With Loop, you can utilize our quick start guide (found here) and be up and running with our Stripe integration in under 15 minutes. This makes it easy to add stablecoins and crypto as another payment method alongside existing fiat payment options.
2. Support for all pricing models and recurring billing enabled
Loop Crypto is unique in its ability to enable automated recurring payments on chain. A customer can authorize a wallet where payment can be automatically pulled at any cadence (e.g., monthly for a subscription). With BVNK, merchants are limited to one-time payments with direct sends. This hampers merchants' ability to support more complex billing models
The autopay functionality Loop offers is critical for subscription businesses. It reduces churn and ensures on-time payments from customers. With Loop, customers sign up once, authorize a wallet to be debited on an ongoing basis, and then that’s it. Next month, the payment is automatically pulled from the wallet. This saves days of work and puts more revenue back into merchants’ pockets by lowering churn rates.
3. Embeddable payment and manage components
At Loop, our goal is to make implementing stablecoins as simple as adding another traditional payment method. We handle the complexity of interacting with blockchains and allow merchants to focus on integrating stablecoin payments into their existing user interfaces (UIs). This means giving teams payment components that can be easily embedded within their own frontends with minimal work.
To see this in practice, you can take a look at and play around with our PayIn Component. This component makes it easy to drop stablecoin payments into an existing checkout page. We also provide a manage component for those merchants handling recurring payments. This component lets customers control their wallet authorizations for upcoming payments.
4. Broad payment method support
Loop Crypto supports payments across all EVM chains and Solana. Beyond network support, Loop Crypto can also enable payment in any ERC-20 and SPL token. BVNK’s token and chain support is slightly more limited in comparison.
Arguably more important than pure network and token count though, Loop allows customers to have a payment method stored on file. This makes the checkout process seamless for returning customers, whether they have purchased a monthly subscription or are buying a one-time item again. This payment method on file functionality allows crypto and stablecoins to be more easily integrated into merchants and platforms’ existing processes.
5. Settlement in fiat or crypto
Both Loop and BVNK offer global settlement. Loop currently offers off-ramping capabilities in 44 markets with more to come (see the most updated list here). BVNK focuses heavily on the US and European markets with some coverage in LatAm and APAC as well.
As you assess stablecoin solutions as a merchant or platform, it’s important to understand the markets in which you will need conversion support along with what the rate and typical fund transfer times of providers look like.
Final thoughts
While BVNK excels when it comes to cross-broader treasury management, Loop Crypto specializes in merchant acceptance, providing the feature set and integrations that make implementing crypto and stablecoin payments simple for merchants and platforms.
If you want to learn more about Loop Crypto and see how other merchants and platforms are using the solution to accept stablecoin payments, head to our blog to read our latest case studies. Leading brands like Helius, Antimetal, Privy, Kaito, and Pinata all use Loop to power their stablecoin checkout experiences.
To get started accepting crypto and stablecoin payments, head to our get started page to begin testing in our sandbox or schedule a call to speak with our team.
FAQ
How do I accept crypto payments for my business?
A crypto payment processor facilitates digital transactions between merchants and their customers enabling merchants to accept various forms of crypto payment. Merchants that accept crypto payments, especially recurring crypto payments, need to work through various complexities related to accepting payment on multiple networks, in multiple tokens, and from various types of wallets.
A payment processor, like Loop Crypto, handles this complexity and provides a crypto payments API and tooling that are easy to use. This allows for the secure and quick transfer of funds from the customer’s wallet to the merchant’s wallet. You can check out this article about payment processing in web3.
What is a crypto payment processor?
A crypto payment processor facilitates digital transactions between merchants and their customers enabling merchants to accept various forms of crypto payment. With Loop, we make it easy to accept stablecoins, ERC-20 tokens (tokens deployed within the Ethereum ecosystem and popular layer 2 networks), or SPL tokens (tokens deployed within the Solana ecosystem).
Merchants that accept crypto payments need to work through various complexities related to accepting payment on multiple networks, in multiple tokens, and from various types of wallets. Loop handles this complexity and provides APIs and tooling that are easy to use. This allows for the secure and quick transfer of funds from the customer’s wallet to the merchant’s wallet.
Why do companies select Loop Crypto compared to BVNK?
Loop Crypto is designed specifically for crypto and stablecoin payment acceptance. It makes it easy to implement these new payment methods with a flexible API and configurable payment components. In addition, Loop is unique in its ability to provide automated recurring payments. Customers are able to store a payment method on file, which can be reused by merchants for ongoing charges. This allows Loop to support a broad range of payment methods. Loop also vast provides network and token support while enabling settlement in either crypto or fiat around the globe.
What does BVNK do related to stablecoin payments?
BVNK is a payments infrastructure company that helps businesses integrate stablecoin payments into their operations. The London-based company serves clients by offering a solution that combines traditional banking capabilities with blockchain-based payments, allowing businesses to operate across both fiat and crypto rails.
