Mercury Review: Can One Platform Handle Payments, Cards, and Invoicing?

In partnership with Mercury

About Mercury

Handling business finances often turns into a maze of disconnected tools and clunky platforms. You log into one system to send a payment, another to track invoices, and a third to check your balance. Then something breaks. Payments don’t arrive on time. Invoices get missed. You lose track of where your money actually is. For many founders, what should be a simple routine spirals into a daily struggle. Over time, managing the back office starts to feel like a second job. And when you’re already stretched thin, one mistake can throw everything off and take hours to untangle.

More than 200,000 companies use Mercury. Some are just getting started. Others are managing growing teams, raising capital, or handling large volumes of transactions every day. They run ecommerce brands, venture firms, SaaS startups, and creative agencies. What they have in common is the need for a finance system that works without extra friction. Mercury gives them that. It simplifies the setup, cuts down on busywork, and helps teams stay focused without losing track of their money.

That sounds promising. But does it actually deliver? Can one platform handle your banking tools, cards, payments, and financial workflows without creating more problems along the way? We’re going to take a close look at what Mercury offers, how the product works, and where it stands out. If you’re trying to decide whether it’s the right fit for your business, keep reading.

Highlights

• Mercury brings banking* tools, payments, cards, and financial software into one product.
• You can send payments, track invoices, and manage cards from a single dashboard.
• Mercury works with FDIC-insured partner banks to hold your deposits.*
• Businesses can send domestic and international USD wires with no transfer fees.
• The IO card earns 1.5% cashback** on all purchases when accounts stay in good standing.
• You can create virtual and physical cards instantly with custom spend controls.
• The platform supports expense tracking, reimbursements, and accounting sync.
• Mercury Treasury, by Mercury Advisory*** offers an option to earn yield on idle funds through investment portfolios.
• More than 200,000 companies across different industries already use Mercury.
• Startups can access fundraising support, capital options, and investor connections through Mercury Raise.

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Mercury Review

Mercury brings together the tools businesses use to manage money every day. The next few sections break down its core features, the practical benefits behind them, and what it costs to use the platform.

Unique Features

Mercury includes tools that go beyond what most business accounts offer. Everything works together in one place, so you don’t have to manage your finances across multiple systems. Here’s what you can get from Mercury.

1. Multiple accounts with smart transfers
You can open as many sub-accounts as you need and set up automatic transfers between them. This makes it easier to manage payroll, taxes, savings, or any specific budget without moving money manually.

2. No-fee domestic and international USD wires
Businesses can send ACH transfers and USD wires without paying extra fees. This includes international USD wires, which is a big cost-saver for companies with remote teams or overseas vendors.

3. Instant card issuing with spend controls
You can issue physical or virtual cards in seconds. Each card can have its own limit, merchant restrictions, and rules, so you stay in control of how money gets spent.

4. 1.5% cashback on all IO card purchases
Every dollar you spend on the IO card earns 1.5% cashback**, as long as your accounts are open and in good standing.

5. Built-in bill pay and invoicing
You don’t need a separate tool to pay vendors or send invoices. Mercury lets you manage bills, approvals, and invoice payments in the same dashboard, with support for recurring billing and multiple payment methods.

6. Accounting integrations
You can sync your transactions to QuickBooks, Xero, or NetSuite and even create custom rules to categorize expenses automatically.

7. Simple reimbursements
Employees can submit expenses without seeing sensitive account details. Admins can approve and process reimbursements in just a few clicks.

8. Treasury for idle cash
If you want to earn a return on funds you don’t need right away, eligible Mercury users can move them into Mercury Treasury.*** It gives you access to  lower-risk investment portfolios directly from your account.

9. Access to Mercury Raise
Founders can join Mercury Raise to connect with investors, learn from peers, and get help preparing for fundraising.

Benefits

Running a business is already hard enough without getting dragged down by disorganized systems or messy financial tools. What Mercury offers is a relief from the distractions that slow you down and a setup that actually helps you stay in control. These are the benefits that show up day after day.

1. You spend less time chasing details
There’s no need to log into three different accounts just to see what’s going on. Mercury puts your payments, transactions, cards, and balances in one place. You stop losing time to basic admin and spend more of your day moving the business forward.

2. It keeps your finances organized without extra effort
You don’t have to build complicated workflows or rely on outside tools to stay clean. Mercury’s system groups what matters, such as accounts, reimbursements, bills, and cards. Yes, they keep everything visible and connected. That structure makes it easier to stay accurate, especially when you’re juggling fast-moving expenses or team activity.

3. You get control without needing to micromanage
You can give teammates access, assign roles, and review activity at a glance. Set limits, lock cards, or approve payments when needed. You don’t have to hover over every transaction to know where the money’s going.

4. Your books are cleaner at the end of the month
By syncing with accounting software and attaching receipts or notes to transactions, Mercury helps cut down on the messy part of closing the books. Accountants and bookkeepers don’t need to chase missing context, and you’re not stuck answering questions about charges from weeks ago.

5. It reduces mistakes that can throw things off
Duplicate payments, missing invoices, and misclassified expenses can snowball. Mercury builds in checks that help you spot problems early. That means fewer surprises and more confidence in your numbers.

6. You don’t need to outgrow it later
Whether you’re starting small or growing fast, the product stays useful. You don’t hit a wall where you need to rip everything out and start over. Mercury fits early teams, growing companies, and businesses that already handle high-volume financial activity.

Support goes beyond just tools
Founders who need more than a dashboard can tap into Mercury Raise, where they can connect with investors, join founder sessions, and access fundraising help without having to look elsewhere.

Price

Mercury keeps pricing simple. You can get started for free and only upgrade if your needs grow. All plans give you access to the core platform, with no monthly maintenance fees and no surprise charges buried in the fine print.

Mercury – $0/month
This plan includes everything most businesses need to get up and running. You get FDIC-insured checking and savings accounts*, free ACH and domestic or international USD wires, virtual and physical debit cards, unlimited bill pay and invoicing, and the ability to reimburse up to five users each month.

Mercury Plus – $35/month
You get everything in the free plan, plus more flexibility with reimbursements, branded and recurring invoicing, and access to ACH debit. You can reimburse up to 20 users each month, and additional active users cost $5 each.

Mercury Pro – $350/month
This plan is designed for larger teams or companies with more complex financial needs. It includes everything from Plus, with support for up to 250 monthly reimbursements, a $0 fee on ACH debit transactions, NetSuite syncing, and access to a dedicated relationship manager. If your balance reaches $10 million or more, the relationship manager comes standard.

All plans include access to Mercury Treasury***, where eligible customers can earn yield on idle funds through investment portfolios, as well as full use of Mercury Raise for founders looking to grow and fund their business.

Mercury Review: What Do Customers Think?

People who use Mercury often say it saves time, avoids confusion, and feels refreshingly easy to navigate. According to customer testimonials on Mercury’s official website, the process doesn’t involve extra steps or confusing fees. Setting up an account, sending payments, and managing access all feel simple and clear.

“The [Mercury] application process was easy and fast. It felt straightforward and nonsense-free. I didn’t feel that I had to be on the lookout for sneaky fees.”

Many users appreciate how smooth it is to move money without having to confirm every detail over the phone. The permission settings also stand out. Team members can get the access they need without putting the whole account at risk.

“I love how easy it is to process payments without having to call to verify each one. Plus, Mercury’s permission structure lets me give the team access to the info they need while keeping the account secure.”

Companies that pay international vendors say the platform helps them avoid unnecessary costs. The ability to send free USD wires across borders adds real value to their operations.

“Mercury is so intuitive and saves us so much time. Plus, free international (USD) transfers save us a ton of money when we pay our suppliers overseas.”

People who manage daily operations say Mercury helps them stay focused. Tasks like tracking transactions, searching account activity, or managing cards take just a few clicks.

“An operator’s dream. Mercury combines the speed, simplicity, and smarts that I need to get back to running my business. Search for data or actions, all at your fingertips.”

The praise is consistent. People notice when something saves them time and makes their work smoother. Mercury gives them that, and it shows in the feedback.

Is Mercury Legit?

Yes, Mercury is legit. It’s a financial technology company that works with regulated partner banks such as Choice Financial Group, Column N.A., and Evolve Bank & Trust.; Members FDIC. Mercury meets SOC 2 standards, uses strong encryption, and follows PCI requirements for handling card data. It processes billions in transactions and supports more than 200,000 companies. Accounts are opened in the customer’s name, and deposits are protected through their partner banks’ use of sweep networks that extend FDIC insurance up to five million dollars.* Mercury builds its product on secure infrastructure and operates with full transparency.

Is Mercury Worth It?

Yes, Mercury is worth it. It gives businesses a simple, reliable way to manage their money without layering on unnecessary tools or processes. The platform combines key functions like payments, cards, invoicing, and reimbursements into one connected system. That saves time, reduces errors, and helps teams stay focused. 

Mercury works with regulated partner banks that hold customer deposits and provide up to five million dollars in FDIC insurance* through use of sweep networks. It also includes strong security features, like SOC 2 compliance and advanced access controls, to protect both funds and data. 

With features designed to support both early-stage startups and fast-growing teams, Mercury delivers the kind of practical utility that most financial platforms overlook. It keeps operations running smoothly and gives users the confidence to manage finances without second-guessing every step.

Mercury Discount & Promotions

Mercury keeps things simple and generous from the start. There are no promo codes to track or countdown timers to chase, but the way it’s structured feels like stepping into a premium setup without the usual cost. Here’s what makes it feel like a built-in advantage right away:

1. No monthly fees to get started
   You can use essential tools like bill pay, invoicing, and reimbursements without paying a monthly fee or dealing with account maintenance charges.
2. Free domestic and international USD wires
   Most platforms charge extra to send payments, especially across borders. Mercury includes this from the beginning, which helps reduce operating costs.
3. Core features are available upfront
   The tools most businesses rely on aren’t locked behind upgrades. You can start using them immediately, without needing to commit to a paid plan.
4. Added value through partner links
   Partner sign-ups often come with prioritized application reviews and early access to helpful programs like Mercury Raise or capital tools.
5. Straightforward upgrades as your needs grow
   When your business scales, you can move into a paid plan with more functionality, clear pricing, and no surprises.

How to Get Started With Mercury?

Getting started with Mercury is quick and doesn’t require a long checklist. The application happens entirely online, and most businesses can move through the steps without needing help.

Step 1: Head to the Mercury website
Start by visiting Mercury’s official site. If you’re applying through a partner link, use that to make sure you receive any applicable perks like expedited review.

Step 2: Fill out the application 

You’ll provide basic business details like your company name, structure, and website, along with your personal identification and business documentation. Everything is submitted through a secure online form.

Step 3: Wait for account review
Once submitted, Mercury’s team reviews your application. Many users say this part moves quickly, especially if the application is complete and easy to verify.

Step 4: Access your dashboard
After approval, you can log in and access your full dashboard. From here, you can open accounts, issue cards, set up payments, invite teammates, and begin using all the tools that come with your plan.

Step 5: Set up your workflows
You can create sub-accounts, link accounting tools, schedule bill payments, and customize team permissions. Everything is designed to work from day one, so there’s no complicated setup or outside software required to get going.

FAQs

Is Mercury a bank?

No, Mercury is a financial technology company. The banking services are provided through regulated partner banks, including Choice Financial Group, Column N.A., and Evolve Bank & Trust; Members FDIC.

Can I open a Mercury account if my business is just starting out?

Yes. Many users apply before they have revenue or employees. You’ll need basic business documentation and a U.S. entity to qualify.

Do I need to install extra software to use Mercury?

No. Mercury runs entirely online and includes built-in tools for payments, cards, reimbursements, bill pay, and more. You can also connect accounting platforms like QuickBooks, Xero, or NetSuite if needed.

Can I manage everything from the same dashboard?

Yes. You can view balances, send payments, issue cards, manage team access, and track transactions from one login. Everything is designed to work together.

How do I contact Mercury?

You can contact Mercury directly through the following channels:

General support
Email: [email protected]
Use this for questions about your account, onboarding, product features, or technical issues.

Business inquiries
Email: [email protected]
Reach out here for questions about Treasury, Venture Debt, Working Capital, or other financing options.

Partnerships
Email: [email protected]
This is the best contact for affiliate, media, or business development partnerships.

For quick answers, you can also visit Mercury’s Help Center, which covers common topics like account setup, payments, security, and compliance.

Mercury Disclosures

*Mercury is a fintech company, not an FDIC-insured bank. Checking and savings accounts are provided through our bank partners Choice Financial Group, Column N.A., and Evolve Bank & Trust; Members FDIC. Deposit insurance covers the failure of an insured bank. Checking and savings account deposits may be held by sweep network banks. Certain conditions must be satisfied for pass-through insurance to apply. Learn more here.

**The IO Card is issued by Patriot Bank, Member FDIC, pursuant to a license from Mastercard®. To receive cashback, your Mercury accounts must be open and in good standing. Cashback may be forfeited if your account is closed or pending closure due to a violation of applicable terms.

***Mercury Treasury, offered by Mercury Advisory, LLC, an SEC-registered investment adviser, seeks to earn net returns up to 4.35% annually on your idle cash. Net return or yield provided assumes total Mercury deposits of $20M+, is accurate as of 06/02/2025, and is subject to change. 

This communication does not constitute an offer to sell or the solicitation of any offer to purchase any security. Funds in Mercury Treasury are subject to investment risks, including possible loss of the principal invested, and past performance is not indicative of future results. Some of the data contained in this message was obtained from sources believed to be accurate but has not been independently verified. Please see full disclosures at mercury.com/treasury. Mercury Advisory is a wholly-owned subsidiary of Mercury Technologies.

Mercury Treasury is not insured by the FDIC. Funds in Mercury Treasury are not deposits or other obligations of Choice Financial Group, Column N.A., or Evolve Bank & Trust, and are not guaranteed by Choice Financial Group, Column N.A., or Evolve Bank & Trust.

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