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Mercury Reviews & Product Details - Page 4

Mercury Overview

What is Mercury?

Mercury is banking* for startups. Start with banking basics like free FDIC-insured checking & savings accounts, then scale with credit cards, venture debt, treasury management accounts, and more — all with confidence. Built with clever shortcuts and extra levels of organization, Mercury makes banking tasks simpler, more intuitive, and even a little enjoyable. Over 100K startups of all sizes rely on Mercury as they create the next great companies — you can join them by applying today in 10 minutes or less. *Mercury is a financial technology company, not a bank. Banking services provided by Choice Financial Group and Evolve Bank & Trust, Members FDIC. The IO Card is issued by Patriot Bank, Member FDIC, pursuant to a license from Mastercard. This communication does not constitute an offer to sell or the solicitation of any offer to purchase an interest in any of the securities or funds described herein.

Mercury Details
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Product Description

Startups of all sizes rely on Mercury as they create the next great companies. Apply in 10 minutes to try business banking as it should be.

How do you position yourself against your competitors?

Traditional business banking isn’t designed for the pace, creativity, and scrappiness of the startup world. Mercury reimagines the startup banking* experience to scale with companies as they grow — and to provide founders and their finance teams with everything they need at their fingertips.

*Mercury is a financial technology company, not a bank. Banking services provided by Choice Financial Group and Evolve Bank & Trust, Members FDIC.


Seller Details
Seller
Mercury
Company Website
Year Founded
2017
HQ Location
San Francisco, CA
Twitter
@mercury
34,105 Twitter followers
LinkedIn® Page
www.linkedin.com
1,030 employees on LinkedIn®
Description

Mercury is the fintech ambitious companies use for banking* and all their financial workflows. With a powerful bank account at the center of their operations, companies can make better financial decisions and ensure that every dollar spent aligns with company priorities. That's why over
00K startups choose Mercury to confidently run all their financial operations with the precision, control, and focus they need to operate at their best.


MS
Overview Provided by:

Recent Mercury Reviews

Verified User
U
Verified UserSmall-Business (50 or fewer emp.)
4.0 out of 5
"Are we talking about the insurer"
Great rate for both vehicles especially the others don't want to cover a luxury vehicle
Verified User
U
Verified UserSmall-Business (50 or fewer emp.)
5.0 out of 5
"Easiest way to create a bank account for your startup especially if you are based outside the US"
Easier to create an account, Great UI and app flexibility
Robert R.
RR
Robert R.Small-Business (50 or fewer emp.)
4.5 out of 5
"A great bank that is constantly adding new features"
Mercury caters to startups and small business. The interface is great, alllows for easy tagging of purchases to ease separation/filtering for tax ...
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Mercury Media

Mercury Demo - Mercury
Banking for what you're building
Mercury Demo - Mercury
All your company finances in one place
Mercury Demo - Mercury
Take action on what's important
Mercury Demo - Mercury
Pay vendors, transfer funds, and deposit checks
Mercury Demo - Mercury
Upload transaction attachments and notes
Mercury Demo - Mercury
Work seamlessly across all your organizations
Play Mercury Video
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Have you used Mercury before?
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101 Mercury Reviews

4.5 out of 5
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101 Mercury Reviews
4.5 out of 5
101 Mercury Reviews
4.5 out of 5

Mercury Pros and Cons

How are these determined?Information
Pros and Cons are compiled from review feedback and grouped into themes to provide an easy-to-understand summary of user reviews.
Pros
Cons

Overall Review Sentiment for MercuryQuestion

Time to Implement
<1 day
>12 months
Return on Investment
<6 months
48+ months
Ease of Setup
0 (Difficult)
10 (Easy)
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JW
Small-Business(50 or fewer emp.)
More Options
Validated Reviewer
Verified Current User
Review source: G2 invite on behalf of seller
Incentivized Review
What do you like best about Mercury?

The ability to easily create/delete/manage virtual cards has saved me hundreds of dollars from unwanted subscriptions and other charges. I do not know of a competitor for businesses that does this. Review collected by and hosted on G2.com.

What do you dislike about Mercury?

That's a hard question, as everything I need to do is largely satisfied. However, I'd love access to a money market fund with a lower limit. Also, I once deleted my Savings account and I'd love to recreate it. I can only create a Checking account. I also wish I was able to have a credit card with Mercury with a balance lower than $50k. Even with a lower limit or lower cash back. I'm sure you guys could still make money with that. The combination of creating/deleting cards with credit card is great. Review collected by and hosted on G2.com.

What problems is Mercury solving and how is that benefiting you?

Mercury has solved nearly all of my banking needs. I was able to set up the account in minutes and have no need for a minimum balance. The most important reason I use Mercury though is the ability to create/delete on-demand checking accounts and cards. Review collected by and hosted on G2.com.

Response from Bob M of Mercury

Hi Joshua, thanks for taking the time to leave this review! We are so glad to hear that you have enjoyed using Mercury. Our team is always working to expand eligibility for features like Treasury and the IO Credit Card so we'll be sure to pass your feedback on to them. We also wanted to mention that you can contact Mercury Support at help@mercury.com at any time to have a savings account reissued to your Mercury account! Thanks again for your feedback!

Verified User in Airlines/Aviation
AA
Small-Business(50 or fewer emp.)
Validated Reviewer
Review source: G2 invite on behalf of seller
Incentivized Review
What do you like best about Mercury?

For the international business owners its a saviour. Provides personal and business accounts easily. Review collected by and hosted on G2.com.

What do you dislike about Mercury?

Customer support isnot instant or have realtime chat. Review collected by and hosted on G2.com.

What problems is Mercury solving and how is that benefiting you?

I like how its is providing banking solution for non resident owners. Review collected by and hosted on G2.com.

Nathan S.
NS
Small-Business(50 or fewer emp.)
More Options
Validated Reviewer
Review source: Organic
What do you like best about Mercury?

The webite is good. Kudos to the developers for keeping good UX in the front of their minds when designing and deploying. But that's where my pros end for Mercury. The services they offer are no different than literally any other bank around. And the one thing I really need them to do, which is process deposits in a timely fashion, is absolutely terrible. And they just don't really care, based on my conversations with their customer service (when I was finally able to reach someone) Review collected by and hosted on G2.com.

What do you dislike about Mercury?

Wait times for deposits are impossibly slow. We're talking at least 7 business days, or 10 days in normal parlance. And these aren't weird deposits, either. These are regular and recurring payments made by my clients. I'm going to have to look for another bank. The wait times are also getting worse. Customer service does not help. Review collected by and hosted on G2.com.

What problems is Mercury solving and how is that benefiting you?

The problems that Mercury purports to solve, mainly easy-to-use business banking, are simply not addressed. I feel that there are better options out there, so how exactly is Mercury contributing to the startup world by offering an inferior financial product? Review collected by and hosted on G2.com.

Response from Anna Scharenbrock of Mercury

Hi Nathan, thank you for taking the time to share this feedback with us. Currently, check deposit timelines are informed by a variety of internal risk factors. We try to balance speed of service with security, but we recommend using alternate transaction methods whenever possible. I'll be sure to pass along your comments regarding check deposit timelines over to our team - we appreciate your feedback!

Matias A.
MA
Co-founder CTO
Small-Business(50 or fewer emp.)
More Options
Validated Reviewer
Verified Current User
Review source: G2 invite on behalf of seller
Incentivized Review
What do you like best about Mercury?

It is straightforward for a team and has nice API integrations allowing the platform to connect fast and easily to your systems. It works like a charm if you want your clients to pay for your services and automate the cash flow for e-commerce or SaaS. or integrate with ERPs and automate payroll. Is absolutely a must have. Review collected by and hosted on G2.com.

What do you dislike about Mercury?

I only will ask for more granular permissions enabling some users to have different access rights to the accounts.

Otherwise is an excellent platform, easy to use and does not have a cluttered UI. Review collected by and hosted on G2.com.

What problems is Mercury solving and how is that benefiting you?

As a start-up or tech Company we need banking accounts and debit cards to receive payments from clients and pay providers, employees and taxes.

Mercury offers and end to end solution and can be easily integrated into your existing accountancy software or ERP. Review collected by and hosted on G2.com.

Response from Anna Scharenbrock of Mercury

Hi Matias, thank you for taking the time to leave a review with us! We love to hear that you are enjoying our services and API.

BB
Small-Business(50 or fewer emp.)
More Options
Validated Reviewer
Review source: G2 Gives Campaign
Incentivized Review
What do you like best about Mercury?

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. Review collected by and hosted on G2.com.

What do you dislike about Mercury?

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. Review collected by and hosted on G2.com.

What problems is Mercury solving and how is that benefiting you?

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 Review collected by and hosted on G2.com.

Response from Bob M of Mercury

Hi Bryan, thanks for leaving a review! We're happy to hear that you have enjoyed using your account. You might be interested in learning more about Mercury's Treasury program for earning interest on your funds. You can find more information about Treasury at Mercury.com/Treasury or by reaching out to our team at help@mercury.com. We'll also provide your feedback to our team about exchange rates. Our team is always working to provide the best experiences possible. Thanks again for your feedback!

Syam f.
SF
Small-Business(50 or fewer emp.)
More Options
Validated Reviewer
Review source: G2 Gives Campaign
Incentivized Review
What do you like best about Mercury?

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. Review collected by and hosted on G2.com.

What do you dislike about Mercury?

Wish they offered a credit card right away too. Other financial products (like RBF) are not super connected. Review collected by and hosted on G2.com.

What problems is Mercury solving and how is that benefiting you?

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. Review collected by and hosted on G2.com.

Response from Anna Scharenbrock of Mercury

Hi Syam, thank you for taking the time to leave a review with us! We are happy to hear that it was easy to set up an account and that Mercury has helped with organizing your business expenses. I'll pass the comments regarding credit cards and connecting with other financial products over to our team - we appreciate this feedback!

Raheel A.
RA
Business Development Manager
Mid-Market(51-1000 emp.)
More Options
Validated Reviewer
Verified Current User
Review source: G2 invite on behalf of seller
Incentivized Review
What do you like best about Mercury?

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. Review collected by and hosted on G2.com.

What do you dislike about Mercury?

I have not find any feature till now that I can say I dislike. Review collected by and hosted on G2.com.

What problems is Mercury solving and how is that benefiting you?

Digital banking solution for business, we are running our majority of business transactions through mercury Review collected by and hosted on G2.com.

Response from Hannah Katz of Mercury

Thank you for the kind review, Raheel! We are so glad your experience has been great.

Nilesh A.
NA
CTO
Small-Business(50 or fewer emp.)
More Options
Validated Reviewer
Verified Current User
Review source: G2 Gives Campaign
Incentivized Review
What do you like best about Mercury?

Ease of account setup and payment sending and receiving was super easy. Review collected by and hosted on G2.com.

What do you dislike about Mercury?

The card-sending procedure can be improved, shipping was missed a couple of times for the Debit card. Review collected by and hosted on G2.com.

What problems is Mercury solving and how is that benefiting you?

They are helping us send and and receive payments easily, They have a very clean UI for sending payments also there are no charges for making the ACH and wires Review collected by and hosted on G2.com.

Response from Hannah Katz of Mercury

Hi Nilesh - thank you so much for taking the time to leave a review! We are very glad you're finding our product easy to use.

As for our delivery service, we are exploring options to make this a better experience going forward while considering the difficulties that some destinations face with receiving mail.

Nik S.
NS
Small-Business(50 or fewer emp.)
More Options
Validated Reviewer
Verified Current User
Review source: G2 invite on behalf of seller
Incentivized Review
What do you like best about Mercury?

User friendly interface and quick support when it is required and access to create multiple bank accounts inside one credit cards to actually support business on going transactions Review collected by and hosted on G2.com.

What do you dislike about Mercury?

I don't specifically have anything to dislike I can say that the customer support can be much Quikr for a bank like thisand maybe credit cards can be a much better solution Review collected by and hosted on G2.com.

What problems is Mercury solving and how is that benefiting you?

We use make it all day for our business transactions and make sure that we evaluate and calculate our business is doing from this bank account and doing International transfer and even National transfer very very start of friendly Bank it made a life so easy compared to a previous Bank Review collected by and hosted on G2.com.

Response from Bob M of Mercury

Hi Nik, thanks for taking the time to leave us a review! We're glad to hear that you have had a great experience using Mercury. Our support team is available between 6:00am and 5:30pm PT. We would love to hear more about your experience with the Mercury IO Credit Card as well so please feel free to reach out to us at help@mercury.com at any time. Thank you again for your feedback!

RL
CEO
Small-Business(50 or fewer emp.)
More Options
Validated Reviewer
Verified Current User
Review source: G2 invite on behalf of seller
Incentivized Review
What do you like best about Mercury?

They are very upfront and transparent, no hidden fees. Their UI and UX are clear and very easy to navigate, and overall it's very easy to do your daily operations, both on the website and also on the mobile app. Review collected by and hosted on G2.com.

What do you dislike about Mercury?

I don't see any downsides to be honest, it was a very smooth experience working with them. Review collected by and hosted on G2.com.

What problems is Mercury solving and how is that benefiting you?

As a foreigner (US Business owner, but not resident in the US) I feel very happy to know that I can count on Mercury and their awesome banking services to support my US company. Being a digital bank makes things much easier! Review collected by and hosted on G2.com.

Response from Bob M of Mercury

Thanks for taking the time to leave a review, Raphael! We are so glad to hear that you have enjoyed using Mercury. Our team works hard to provide a great experience so please feel free to reach out to us at help@mercury.com if there is anything that we can help with!