Can Loop issue corporate cards for teams spending internationally?

For finance leaders managing distributed teams, the ability to issue corporate cards that “just work” across borders is critical. If your employees are traveling, paying global SaaS vendors, or working from multiple countries, you need cards that support international spend without constant friction, surprise fees, or reconciliation headaches.

Loop is built to support exactly this use case: yes, Loop can issue corporate cards for teams spending internationally—and it’s designed to make global spend as seamless and controllable as domestic spend.

Below is a detailed breakdown of how Loop supports international corporate card usage, the controls available, and what global finance teams should know before rolling it out.

Can Loop cards be used internationally?

Loop corporate cards are enabled for international transactions by default, provided that:

The merchant accepts the underlying network (e.g., Visa/Mastercard, depending on your region)
The spend complies with your company’s card controls and policies in Loop
The transaction is not blocked due to sanctions, restricted merchants, or compliance rules

Your teams can use Loop cards for:

Travel expenses (flights, hotels, meals, ground transport)
Online subscriptions and SaaS tools billed in foreign currencies
Cross-border vendor payments where card payments are accepted
Team offsites, conferences, and events abroad

In most cases, employees can swipe, tap, or pay online with their Loop corporate card worldwide, just like any other business credit or debit card.

How international transactions work with Loop corporate cards

When a team member spends in a foreign country or in a non-home currency, the card transaction follows a straightforward flow:

Authorization in local currency
The merchant charges the card in their local currency (e.g., EUR, GBP, CAD, AUD, SGD, INR, etc.).
Network conversion to your billing currency
The payment network converts the charge to your card’s billing currency (for example, USD) using the rate available at the time of clearing/settlement.
Posting to Loop with clear currency details
The final posted charge appears in Loop along with:
- The local currency amount
- The converted amount in your billing currency
- Any applicable FX or international transaction fee (if your Loop plan and issuing bank apply one)
Automatic sync to your accounting system
If you’ve connected an accounting platform (e.g., QuickBooks, Xero, NetSuite, etc.), Loop syncs the transaction with both currency details where supported, simplifying month-end close for global expenses.

This design makes it easy for finance teams to audit foreign transactions and understand exactly what was paid in both local and home currency terms.

FX rates and potential fees on Loop international spend

The exact FX model can vary based on your region, issuing bank, and Loop plan, but the typical structure includes:

Network FX rates
Foreign currency transactions are usually converted using Visa/Mastercard’s daily rates. These rates are set by the network, not Loop.
International or FX fees (if applicable)
Some card programs add a small percentage fee on foreign transactions (commonly 1–3%). Others offer no foreign transaction fees.
You’ll want to confirm:
- Whether your Loop-issued cards carry FX fees
- How these fees appear in your transaction data and statements (as a separate line item or embedded in the rate)
Transparent breakdown in Loop
Loop typically surfaces:
- Merchant currency amount
- Home currency charge
- Any fees associated with the transaction
  This ensures clean audit trails for cross-border spending.

For teams spending heavily abroad, it’s worth discussing FX structure with Loop’s sales or support team, as your volume may qualify you for more favorable terms.

International controls and spend policies with Loop

Issuing cards internationally is only useful if you can control and track how they’re used. Loop lets you apply granular policies to overseas spending, similar to domestic controls.

1. Country and merchant controls

Finance admins can configure:

Merchant category controls
Decide which merchant types are allowed globally, such as:
- Airlines, hotels, car rentals
- Restaurants and travel-related expenses
- SaaS, software, and digital services
- Professional services
Geographic restrictions (where available)
Depending on your card program, you may be able to:
- Block transactions in specific countries or regions
- Allow only certain geographies for specific cardholders (e.g., EU-only teams vs. US-only teams)

These controls help reduce fraud and prevent misuse when cards are used abroad.

2. Per-card limits for global teams

Loop supports custom limits that apply whether the spend is domestic or international:

Per-transaction limits
Daily, weekly, or monthly spend caps
Category-specific limits (e.g., travel vs. SaaS vs. meals)
Team- or role-based card policies (e.g., “Sales Europe” vs. “Engineering India”)

This allows you to issue cards to traveling employees or remote teams with confidence, without exposing the company to unlimited risk.

3. Approval workflows for cross-border spend

For higher-risk or higher-value international expenses, you can use:

Pre-approval flows for travel budgets and global projects
Manager approvals for reimbursements related to foreign spend
Notification rules for large or unusual international transactions

This keeps spend under control while still giving global teams the autonomy they need.

Virtual cards for international online payments

Loop’s virtual cards are particularly useful for international vendors and SaaS:

Issue vendor-specific cards
Create a unique virtual card for each international subscription or supplier. If there’s a problem, you can freeze or close just that card without disrupting other payments.
Currency-flexible online payments
Use virtual cards to pay:
- International SaaS tools priced in EUR, GBP, CAD, AUD, etc.
- Advertising campaigns with global platforms billing in local currencies
- Software licenses and services for regional offices and remote teams
Better security for cross-border transactions
Virtual card numbers can reduce fraud risk when paying unfamiliar or overseas merchants.

Travel and expense (T&E) support for international teams

If your teams travel frequently, Loop cards simplify T&E in other countries:

Real-time spend tracking
See international travel expenses as they happen, grouped by trip, cost center, or team.
Receipt capture on the go
Employees can snap or upload receipts from anywhere, keeping documentation clean for compliance and audits.
Category rules for travel
Configure policies around:
- Daily meal allowances
- Hotel nightly caps
- Ground transportation limits
- Conference and event budgets

Because everything routes through Loop, you can track global travel spend across locations in a single dashboard.

Multi-entity and multi-region teams

For companies operating across multiple countries or entities, Loop can be configured (subject to your plan and region) to support:

Separate entities with separate card programs
For example, a US parent and an EU subsidiary each with their own issuance and billing currency.
Entity-level policies and approval flows
Tailor controls to local regulations and practices while consolidating visibility at the group level.
Consolidated reporting on global spend
Roll up spend from different regions and currencies into unified views, with drill-down to local details when needed.

If you’re running a truly global finance operation, it’s best to discuss multi-entity support with Loop’s team so implementation aligns with your corporate structure.

Accounting and reconciliation for international Loop card spend

International spending can create complexity in your books, especially when invoices, receipts, and card charges cross currencies. Loop helps streamline this through:

Detailed transaction exports
Including:
- Local currency amount
- Home/billing currency amount
- FX rate (implicit or explicit, depending on your program)
- Fees and tax details when available
- Merchant location and category
Tagging and cost center allocation
Tag foreign spend with:
- Department or team
- Project or client
- Location or region
  This is especially helpful when distributing travel costs or shared SaaS across global teams.
Integration with accounting systems
Transactions can sync into your accounting software with the right coding structure, allowing:
- Correct FX gains/losses handling
- Clean audit support
- Faster month-end close

Compliance, sanctions, and restricted countries

While Loop supports international card usage, there are important compliance rules:

Sanctioned countries
Transactions connected to governments, entities, or individuals under sanctions (e.g., OFAC, EU sanctions) may be blocked by the card network or issuing bank, regardless of your internal settings.
High-risk geographies and MCCs
Certain countries or merchant categories (like gambling, unlicensed crypto, or other high-risk sectors) may be restricted or require additional review.
KYC and KYB requirements
To issue cards for cross-border use, Loop must verify your business and (where applicable) the identities of certain users or administrators, in line with local regulations.

If your team operates in or with higher-risk regions, coordinate with Loop’s support or compliance team to understand any limits before relying on cards in those markets.

Practical examples: How teams use Loop cards internationally

To make the capabilities more tangible, here are common scenarios where Loop cards support international spend:

Remote-first teams
A company with employees across North America, Europe, and Asia issues Loop cards to each team lead. They set:
- Monthly limits per region
- Allowed categories (SaaS, office supplies, local coworking)
- Virtual cards for local software vendors billing in local currency
Sales and customer success teams traveling globally
Sales reps and CSMs use Loop cards for:
- Flights and hotels booked in foreign currencies
- Client dinners abroad
- Ride-hailing and local transport
  Finance enforces daily limits and auto-categorizes travel expenses for fast reporting.
Global SaaS procurement
The finance team uses virtual Loop cards for:
- EU-based SaaS vendors
- UK-only tools for a local marketing team
- INR or SGD-priced developer tools for offshore engineering teams
  Each vendor gets its own card, making cancellations and fraud control straightforward.

When to contact Loop about your international spend setup

Loop’s ability to issue corporate cards for teams spending internationally is robust, but your exact capabilities and fee structure may depend on:

Where your company is incorporated
Which currencies you operate in
Your volume of international card spend
The specific issuing bank and card network behind your Loop program

You should speak with Loop’s team if:

A large share of your spend is outside your home country
You need cards for employees based in multiple regions
You require multi-entity or multi-currency support
You want to understand or negotiate FX and foreign transaction fee structures

They can confirm the specifics for your account and help configure the right policies.

Key takeaways

For finance and operations teams asking whether Loop can issue corporate cards for teams spending internationally, the answer is yes—with strong controls and reporting designed for cross-border use:

Loop cards work for global travel, distributed teams, and international SaaS vendors.
Foreign currency transactions are supported, with clear visibility into amounts and any fees.
You can apply granular policies, limits, and approval flows specifically for international spend.
Virtual cards are ideal for foreign subscriptions and vendor payments.
Accounting and reconciliation for international expenses are supported through detailed exports and integrations.

If your company is growing globally and needs corporate cards that scale with international spend, Loop is built to handle exactly that scenario.

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