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.
| 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 |
Compare Mercury with other popular tools in the same category.
Easy of use, availability of customer service, pricing. Mercury makes it easy to manager finances, make and receive payments. There is just no drama in it.
Mobile app needs some more functionality to make it truly useful.
Ease of international payments is the most important problem it's solving.
Mercury has great solutions for so many of our needs: cash mgmt, free payment methods (incl wires), great perks, and a great user experience
Somewhat low check deposit and wire limits for new accounts requiring manual process to get higher limits approved.
Digital banking for all our banking needs as a startup
Quick to open account. Free to transact. Debit card, including virtual.
Does not work with international companies/ crypto companies.
Bank account to send and recieve payments (ACH, wire, card)
Very simple and effective setup process for non-US resident looking for a banking partner in US.
Opening account took us more than usual time due to some restrictions, other then that we dont see a dislike till now.
We had an LLC in Us but we were not able to open an account without being in US physically. Mercury at that time helped us open a real bank account virtaully with a simple and effective opening process. Next, built-in intergration with stripes and wise made our subscription based billing model made getting payments from clients and paying to employees and vendors easy and fast with indepth analytical details on transactions.
The best part about Mercury is that it has a ton of resources for companies that don't have much experience with many business-related products. It also has a ton of perks across many different aspects of a company like marketing, accounting, HR, etc that give really heavy discounts that really benefit a startup.
Worst part about Mercury is the time it takes to get money into the account (aside from wires). When I first made my account and funded money through my bank account, it took about 6 business days for the money to actually appear in the account.
Mercury is just making it super easy for any startup to get off the ground running. It has helped my business tremendously through the amount of resources across every aspect of business.
Super fast to respond and very useful platform
I really like everything, there is nothing i dislike about it
I can receive and make payments even internationally very fast
Fast and easy to use. Also no commissions
At the moment everything is ok with Mercury.com Maybe to integrate credit card payments in the future.
Easy business finance
I love the UI and the simplistic design, the UX experience has been awesome so far, we utilized the payment link to receive money from investors and we feel that it made us look good, so thank you!
we recently had to look for the IBAN and account number for international wire and the search bar didn't show it when we typed it, we think this could be an easy fix, it took us a bit of clicking around to discover how to find the routing # etc
making the transfers easy between different parties
The extreme simplicity of mercury in the UX is really impressive. I used mercury with my last two start-ups. I saw the evolution of this platform and I am really satisfied with the current state of service and product.
The android app is sometimes lacking of functions and features. I would love to have more of the desktop features in my mobile.
Opening a bank account online without the hustle to physically visit a branch is game-changer. Automating payments to my contractors every month and sometimes every week with payments in last working day of the month. That's really useful.
- great interface - low fees / no fees - simple to use debit and credit cards - IO credit cards with cashback - nice app - it's easy to send and receive money 5 out of 5
One time the credit card network was down for 30 minutes, and another time there was a problem with ACH. Doesn't look like a big deal, but both times it took me several hours to resolve the issues it caused.
We use Mercury as our primary bank account, debit and credit cards.