Mercury is the banking stack for online stores. Get $150 cashback when you open a Mercury bank account for business with Elevate.store's deal, or $300 cashback if you use a .Store domain name. Mercury offers great features for no monthly fees or minimum balance requirements.
Important Note: Mercury is a financial technology company, not a bank. Banking services provided by Choice Financial Group and Evolve Bank & Trust®; Members FDIC.
Mercury is the banking stack for online stores. Offering great features for no monthly fees or minimum balance requirements. Open a Mercury bank account for business with no monthly charges or hidden fees.
Get checking and savings accounts, physical or virtual debit and credit cards, domestic and international wires and more with a Mercury bank account. No minimum balance or monthly fees.
| Feature | Included |
|---|---|
| Account opening | ✓ |
| Monthly fees | ✓ (Free) |
| Checking account | ✓ |
| Savings account | ✓ |
| Debit card | ✓ |
| Credit card (Free for 1 year) | ✓ |
| Sending & receiving domestic wires for free | ✓ |
| Sending & receiving international wires for free | ✓ |
| 1% currency exchange fees** | ✓ |
| Team management | ✓ |
| Payment management | ✓ |
| Third-party integrations | ✓ |
| FDIC insurance up to 250K | ✓ |
Note: Contact Mercury to discuss rates if you're processing >$200K/month.
Free FDIC-insured checking and savings accounts. No minimum balance or monthly fees.
Enjoy free international wires, pay only 1% as a currency exchange fee, and choose from multiple payment options like ACH, checks, and more.
Easily issue virtual & physical debit and credit cards for your employees with custom limits. Earn 1.5% cashback on credit card spends.
Automate recurring payments, transfers, and other banking busywork for your store. Create 3-click payment flows.
Save time through reliable, seamless integrations with all the tools your store uses, from accounting software to payment gateways.
Click on 'Get Deal' to get $150 in cashback from Mercury.
Sign up to get the deal in your Elevate.store account.
Click on 'View Code' to get the discount code. Redeem on the Mercury website.
It's good practice to have a separate bank account for business expenses. It helps with accounting, taxes and protects you from personal liability. Online-first banking for business also makes operations easier and more cost-effective.
With a Mercury business bank account, you get several banking for business features with added benefits like no monthly fees, payment automation, and venture debt opportunities.
A detailed comparison of Mercury vs. Brex, Mercury vs. Novo, and Mercury vs. Relay Bank.
| Feature | Mercury | Brex | Novo | Relay |
|---|---|---|---|---|
| Virtual & physical cards | Both debit and credit cards | Only credit cards | Only debit cards | Only debit cards |
| Currency exchange | Included, for a low fee of 1% | Not included | Not included | Not included |
| Free domestic and international wires | Yes | No | Yes | No; Unless you have Relay Pro |
| Monthly fees | No | No | No | No |
| Minimum balance | No | No | No | No |
Get $300 cashback on Mercury by verifying your .Store domain name after signup.
Over 1M+ business owners have chosen .Store as the domain for their business. Get a relevant, SEO friendly name that instantly tells your customers that you sell.
Mercury is a solid banking partner for early-stage businesses.
To open a Mercury bank business account for your online store, you'll first need to register your online store as a business in the US and get an Employer Identification Number or EIN. These are compulsory requirements to open a Mercury bank account.
Once you have the required documents in place, just go to the Mercury website, submit details like your name, corporate email address, information about your store and open your account! The process takes no more than a few minutes and can be online from anywhere in the world.
Mercury is a fin-tech company that provides banking services through FDIC insured banks like Choice Financial Group and Evolve Bank & Trust®. Your deposits are stored with these banks and therefore de facto insured for the FDIC limit of $250K. You can find out who the banking provider for your online store is by logging into your Mercury business bank account and visiting mercury.com/legal.
Mercury is a financial technology company, not a bank. Banking services provided by Choice Financial Group and Evolve Bank & Trust®; Members FDIC.
Mercury is absolutely legit for online stores. It was started to cater to online stores of all sizes and the features or services offered speak to that. A Mercury account costs nothing to own and operate.
Every Mercury business bank account can apply for multiple debit and credit cards, both physical and virtual, for any employees or partners in the business.
It allows for domestic and international wires, currency exchange at the low fees of 1% and can help you automate vendor payments to take the stress of payment management off you.
Mercury is a financial technology company, not a bank. Banking services provided by Choice Financial Group and Evolve Bank & Trust®; Members FDIC.
Yes! It is safe for you to bank with Mercury. Here are a few key features to illustrate that.
Mercury has heavy encryption on every page, it offers two-factor authentication with time-sensitive codes and ensures an annual third-party check for possible loopholes in their system. Mercury uses a bcrypt algorithm to encode stored passwords for advanced security.
What's more, all deposits at Mercury are insured up to the FDIC limit of $250K.
Mercury is a financial technology company, not a bank. Banking services provided by Choice Financial Group and Evolve Bank & Trust®; Members FDIC.
Yes, Mercury is based in the US. To be eligible to open a Mercury bank account, you need to have a business registered in the US with a federal EIN or Employer Identification Number. Mercury bank account holders can also access Mercury Treasury, an automated cash management account that lets you invest in U.S. Government securities and money market funds.
Mercury is a financial technology company, not a bank. Banking services provided by Choice Financial Group and Evolve Bank & Trust®; Members FDIC.
Mercury does provide virtual and physical debit and credit cards. In fact, for each account, you can create as many debit or credit cards as you need.
Mercury is a financial technology company, not a bank. Banking services provided by Choice Financial Group and Evolve Bank & Trust®; Members FDIC.
Yes, Mercury does offer loans to online stores. In fact, Mercury was specifically created to help new businesses and online stores with banking and fund raising. Mercury bank account holders can be a part of Mercury Raise and connect with the top Venture Capitalists in the country.
Mercury bank account holders can also get a shot at VC debt. Businesses can put their pitch documents together with Mercury's help so that the business has a higher chance of appealing to a VC and getting the loan it needs.
Mercury is a financial technology company, not a bank. Banking services provided by Choice Financial Group and Evolve Bank & Trust®; Members FDIC.
Opening a bank account for business is free with Mercury. They charge zero monthly fees, there are no minimum balance requirements and with Elevate.store's deal, you can get a $150 cashback on opening an account.
Other than Mercury, you'll need a productivity suite and branded email ID, a graphic design tool, a business formation service, a business banking account, a logo maker and a .Store domain name.