Unclaimed: Are are working at Mercury ?
Mercury Bank is a digital banking platform specifically designed for startups and tech-forward small businesses. Founded in 2017 and headquartered in San Francisco, California, Mercury aims to simplify financial management for its users by offering a suite of services tailored to the unique needs of growing companies.
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Segment |
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Ease of use |
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Deployment | Cloud / SaaS / Web-Based |
Support | Email/Help Desk, Knowledge Base |
Training | Documentation |
Languages | English |
Ease of use, support via email and security
Not much I want mobile transfers in the coming time Zelle integration
Revenue streamlining, payments and online/physical transactions
Their app is extremely easy to use, creating and activating an account is also very simple. All the basic required features are all there. Also its very easy to use with wallets.
I have not find any feature till now that I can say I dislike.
Digital banking solution for business, we are running our majority of business transactions through mercury
The user interface is really nice and intuitive. It is refershing to have a financial product that is easy to use and is FDIC compliant to ensure that there are no issues with the funds due to bank failures.
The only downside of using mercury is that they do not integrate with large banks like Bank of America or JP Morgan or any of the US Top 10 banks. It might lead to the board asking a lot of questions around why the platform is chosen even after collapse of large banks like SVB. It does help to have a higher than average FDIC limit.
The problem mercury is solving is that of banking. We use mercury to receive funds to a dedicated AR account and have those balances auto-transferred to another internal bank account which is not exposed to external vendors/suppliers etc making our banking infrastructure more resiliant and robust.
Simplicity, ease of use, I like that I can download the data. Also, that it has a treasury fund where I can invest my excess liquidity and get a return in the meanwhil
I don't like that when wires are too big, it takes a long time to process. Also, it doesn't give me a reason why it's taking long to process. Also, withdrawing money from the treasury fun takes too long.
The problem being solved is that of a modern bank where I can create users and assign roles in a simple way without going through tons of paperwork. Also, it's easy to analyZE DATA
I love how clean and clear the website is , free international transfers and app is easy to use. It's a pleasure to log into the site and work with my money. Will be back.
The only thing they could be doing is offering and a DIY guild on my account, so that I can earn interest for any money down without having to move to another platform. In addition, the exchange rate is not quite as good as a J.P. Morgan, Chase wire transfer exchange rate.
Basically, the main reason I like it is due to the free wire, transfers and simplified invoice and receipts that it will send out. This makes it fast to send out payments
Investor introductions Continuous knowledge share and value add Good design Strong community focus
Nothing, absolutely nothing the product works well
Making banking enjoyable
Seamless UI, easy to understand and transact.
Nothing as such, it works pretty well for us.
Helpful for US Banking solutions.
I love to use Mercury as a latam founder. Easy to use, they understand our legal structures and sending money to Mexico is charge free. IMercury is the best partner.
Probably how fast we receive our physical cards. I understand they are internationally delivered, but would love to have them delivered quicker. That's the only thing I dislike
Bank account and receiving founding and expense management. I'm an international founder and having a traditional US bank account its difficult so Mercury helps on that
It was super easy to get started. We needed a new bank account as one of our Enterprise customers could not send money to our other bank account (for some reason that I couldn't figure yet). So quickly got onboarded on Mercury and the whole process was smooth and easy. And once in everything I needed was right on my fingertips.
Wish they offered a credit card right away too. Other financial products (like RBF) are not super connected.
Keeping a tab on our businesses expense was not easy before Mercury. Once we centralized all our revenue/spend on Mercury it was easy to check on our cashflows. Also creating different cards for different orgs made things easier.
Great UX, easy to use, powerful tool, tha app and the web are awesome, I'm liking a lot the service. Just started a few months ago but I'm loving it
Nothing I dislike for the moment, everything its working perfect.
Expense management, credit cards for empoyes