Priced for any business.
Instant payments
$0/month
Instant payments between financial accounts using only an email address.
Always free
See features
ELIGIBLE FOR FDIC INSURANCE UP TO $250K¹
Primary Business account
$0/month
The self-driving cash management account.
No monthly fee
See features
External accounts
$10/month per acct
Use looch with your existing financial accounts and credit cards.
Pay per account
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Pricing & fees
Monthly fee
looch account: No monthly fee
Accounting-enrolled external account: $10/month
Accounting-enrolled external account: $10/month
Transfers & outbound payments
Instant transfer between looch accounts: Free
Instant transfer to an external account: 1.5% (min 50¢, max $20)
Fast transfer to an accounting-enrolled external account: Free
Fast transfer to pay a credit card (coming soon): Free
Fast transfer to a personal external account: $5
Standard transfer to/from an external account: Free
Instant transfer to an external account: 1.5% (min 50¢, max $20)
Fast transfer to an accounting-enrolled external account: Free
Fast transfer to pay a credit card (coming soon): Free
Fast transfer to a personal external account: $5
Standard transfer to/from an external account: Free
Inbound invoice payments
Invoice payment received using a card
Online: 3.3% + 30¢
In person (tap to pay): 3% + 15¢
Pay by bank: 1% (min $1, max $10)
The above fees can be passed on to your contact.
Foreign cards: Add 1.5%
Online: 3.3% + 30¢
In person (tap to pay): 3% + 15¢
Pay by bank: 1% (min $1, max $10)
The above fees can be passed on to your contact.
Foreign cards: Add 1.5%
Checkout Payments
Daily standard transfer of settled sales: Free
Instant transfer, including pending sales: 1.5% (min 50¢)
Disputes: $20
Dispute countering: $20 (refunded if won)
Instant transfer, including pending sales: 1.5% (min 50¢)
Disputes: $20
Dispute countering: $20 (refunded if won)
1099 instant filing
Per 1099: $2
Payroll
Subscription: $35/month
Per W-2 employee: $5/month
With Primary Business or an external account: No additional fee
With a credit card: 3.3% + 30¢
Premiums for benefits: Based off payroll
Instant payments to 1099 contractors are free, with or without payroll. looch AI makes the 1099 determination and identifies which payments are reportable and which to leave out. At tax season, instantly file 1099s with the IRS for $2 each.
Per W-2 employee: $5/month
With Primary Business or an external account: No additional fee
With a credit card: 3.3% + 30¢
Premiums for benefits: Based off payroll
Instant payments to 1099 contractors are free, with or without payroll. looch AI makes the 1099 determination and identifies which payments are reportable and which to leave out. At tax season, instantly file 1099s with the IRS for $2 each.
Smartcards foreign charges
3% foreign transaction fee on transactions in currencies other than USD or with merchants outside the United States
Account questions
Is there a credit check?
No, we don't run a credit check on you or your business.
What business accounts are included with my looch profile?
Your looch profile includes a suite of business accounts designed to streamline how you operate:
• Primary Business: Your main business operating account.
• Tax Stash: Helps you set aside funds for taxes throughout the year.
• Contact Facing: Share this account with your contacts instead of the one where you keep your main balance. To help keep your funds secure, the balance in this account is auto-transferred to your Primary Business account every night at 11:59 pm ET, and outside pulls from your Contact Facing account are blocked.
• Payments: An accounts payable clearing account for handling all outbound payments.
• Payroll: A payroll clearing account dedicated to managing payroll and employee reimbursements.
Additionally, your profile includes a Checkout Payments, which stores funds from invoices and money requests paid on the payment portal, on your Woo store, or in-person with tap-to-pay. These funds transfer automatically to your Primary Business account, with the option to instantly transfer pending sales to a looch or external account for a 1.5% fee (min 50¢).
• Primary Business: Your main business operating account.
• Tax Stash: Helps you set aside funds for taxes throughout the year.
• Contact Facing: Share this account with your contacts instead of the one where you keep your main balance. To help keep your funds secure, the balance in this account is auto-transferred to your Primary Business account every night at 11:59 pm ET, and outside pulls from your Contact Facing account are blocked.
• Payments: An accounts payable clearing account for handling all outbound payments.
• Payroll: A payroll clearing account dedicated to managing payroll and employee reimbursements.
Additionally, your profile includes a Checkout Payments, which stores funds from invoices and money requests paid on the payment portal, on your Woo store, or in-person with tap-to-pay. These funds transfer automatically to your Primary Business account, with the option to instantly transfer pending sales to a looch or external account for a 1.5% fee (min 50¢).
I like my current business account. Do I need to switch to looch if I sign up?
No, you don't. While we encourage businesses to use no-fee, accounting-ready looch accounts, we fully support businesses who prefer to continue with their current financial partners.
You can enroll as many external accounts as you want, and they will be added to your dashboard. Use your external accounts for transfers, sending payments, and paying bills, including using a credit card.
You can enroll as many external accounts as you want, and they will be added to your dashboard. Use your external accounts for transfers, sending payments, and paying bills, including using a credit card.
Can I use my credit card to send payments and pay my bills?
Yes! If you have a credit card that is mainly used for business expenses, you can subscribe it as an external account and it will become accounting-enrolled.
You can also use a credit card that is mainly for personal expenses to send payments and pay bills. In this scenario, you won't need an accounting subscription.
looch understands how to manage business payments made through personal accounts, ensuring your financial records remain organized regardless of your entity type.
Once you enroll your credit card as an external account, it will appear on your dashboard.
If you pay your bills using a credit card where you don’t carry a balance, you'll benefit from the remainder of your billing cycle and grace period interest-free.
You can also use a credit card that is mainly for personal expenses to send payments and pay bills. In this scenario, you won't need an accounting subscription.
looch understands how to manage business payments made through personal accounts, ensuring your financial records remain organized regardless of your entity type.
Once you enroll your credit card as an external account, it will appear on your dashboard.
If you pay your bills using a credit card where you don’t carry a balance, you'll benefit from the remainder of your billing cycle and grace period interest-free.
Do I need to enroll my credit card to send payments and pay my bills?
Nope! You can add your credit card as a personal account and only pay the 3.3% + 30¢ processing fee when you use it to send payments and pay your bills.
looch understands how to manage business payments made through personal accounts, ensuring your financial records remain organized regardless of your entity type.
looch understands how to manage business payments made through personal accounts, ensuring your financial records remain organized regardless of your entity type.
Can I continue to use PayPal for my business?
Yes, both looch and PayPal offer peer-to-peer (P2P) instant payments. Unlike typical peer-to-peer platforms, looch uses FDIC insurance-eligible accounts¹. You can link any P2P wallet to your looch account.
If you keep a balance in your P2P wallet, you can subscribe it as an external account and it will become accounting-enrolled.
looch is an automated end-to-end accounting app that only charges a subscription fee per external account.
If you keep a balance in your P2P wallet, you can subscribe it as an external account and it will become accounting-enrolled.
looch is an automated end-to-end accounting app that only charges a subscription fee per external account.
Does looch support multiple businesses?
Yes. Create a profile for each of your businesses and link them in the profile menu.
Each profile is tied to a tax ID. You can create a sole proprietor using your SSN or ITIN. You can also create LLC and corporation profiles using EINs.
Each profile is tied to a tax ID. You can create a sole proprietor using your SSN or ITIN. You can also create LLC and corporation profiles using EINs.
Who can create a looch profile?
looch profiles include FDIC insurance-eligible¹ USD accounts and are available to US corporations, LLCs, general partnerships, sole proprietors, and foreign companies registered in the US.
To qualify, there must be a representative with significant control and management who resides in the US.
To qualify, there must be a representative with significant control and management who resides in the US.
Instant payments questions
How do instant payments work?
With looch, you only need your contact's email address. If they're already a looch business, funds are instantly available in their account, even on weekends or holidays. If not, they can easily download the app and self-onboard.
How long does the onboarding process take?
Onboarding is quick and simple, and usually takes just a few minutes. We use advanced identifying technology that often doesn't require ID or documents. Once signed up, funds are immediately available in their new looch account.
How can funds be used once they're in a looch account?
Funds in a looch account can be spent immediately using a virtual Smartcard, either by adding it to a mobile wallet or using it online. Alternatively, funds can be transferred out to an external account with a standard transfer for free, fast transfer for $5 (free for accounting-enrolled external accounts), or instant transfer for 1.5% (min 50¢, max $20).
How are looch instant payments different from other peer-to-peer wallets?
looch instant payments provide peace of mind by ensuring all your business payments are 1099 compliant. You can rest assured that onboarded contacts are paid with the correct 1099 determination and W-9 on file. looch AI analyzes every payment to determine whether it's 1099 reportable.
Can I transfer money out to a personal account or only between my business accounts?
Both. You can subscribe to as many external accounts as you want. These will be accounting-enrolled and added to your dashboard. Personal accounts are added without an accounting subscription. Business owners can transfer funds between their personal and business accounts. Managers with move money permission can only transfer funds between the business's accounts.
You use the term ‘contacts’. My accounting software has ‘customers’ and ‘vendors’. What’s the difference?
In looch, the term 'contacts' encompasses both 'customers' and 'vendors'. Customers are those who pay you, while vendors are people you pay. looch recognizes that a customer can also be a vendor and vice versa. You can create invoices, invoice credit notes, enter bills, and bill credit notes for the same contact, and any of these entries can be used to offset one another.
Google Play
Coming soon
The looch app is available on iOS today. We’re working on the Android version.
Visit looch.money on your iPhone to download from the App Store.