Mercury is an online banking platform that includes both a business checking account and a business savings account with no monthly fees. Designed with startups in mind.
- No monthly fees, transaction fees, or minimum opening deposit.
- Free domestic and international wire transfers.
- Access to over 55,000 fee-free ATMs to withdraw cash through the Allpoint network.
- Advanced digital tools including API access to automate and customize your banking.
- Not available to sole proprietors.
- Can’t accommodate cash deposits.
- Low savings account rate.
Payoneer offers your business a multi-currency account to pay and get paid globally, as easily as you can locally. This all-in-one account gives you everything you need to get paid by your international clients and global marketplaces, pay your suppliers, and invest in growing your business.
- Global access.
- Low fees.
- Withdraw your earnings locally.
- Pay your global suppliers. contractors and business expenses.
- Licensed and regulated by multiple government regulators.
- Get paid in multiple currencies.
- High card transaction fees.
- It adds a currency conversion charge of 2% for international transactions.
- It also charges an annual fee for the usage of Mastercard.