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  1. #1
    Quote Originally Posted by gaxisa View Post
    Good day all.

    BofA just realized I was running an MCA brokerage firm and is closing my account in 3 weeks. Why they even allowed me to open one is neither here nor there, but which bank do you guys use for your ISO shop?
    Which bank did you end up going with? going through the same issue now!!! thank you

  2. #2
    Senior Member Reputation points: 222781
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    Quote Originally Posted by smurf View Post
    Which bank did you end up going with? going through the same issue now!!! thank you
    Try Mercury. They've been really good to me.
    Also, if you use my affiliate link, we can both get $250.
    https://mercury.com/r/otbcapital

  3. #3
    Quote Originally Posted by abfunders View Post
    Try Mercury. They've been really good to me.
    Also, if you use my affiliate link, we can both get $250.
    https://mercury.com/r/otbcapital
    as a consultant?

  4. #4
    Senior Member Reputation points: 28835
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    Quote Originally Posted by abfunders View Post
    Try Mercury. They've been really good to me.
    Also, if you use my affiliate link, we can both get $250.
    https://mercury.com/r/otbcapital
    Why do you like Mercury?

  5. #5
    Quote Originally Posted by mistamca View Post
    Why do you like Mercury?
    What are you using?

  6. #6
    Senior Member Reputation points: 222781
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    Quote Originally Posted by mistamca View Post
    Why do you like Mercury?
    You have to walk into a branch to sign up for Chase which is $25/wire and $2.50 for next-day ACH (until you get that waived...)
    - Mercury was a 100% online application. They had a set of questions, I answered, they approved.
    - Free inbound/outbound wires, no "extra verification" like Chase on first-time payees
    - ACHs clear on the same day by EOD rather than waiting until next day
    - UI/UX is incredibly smooth and the app and website are almost identical
    - They accepted me without changing who I am. I'm a broker, it says so on my website and LinkedIn, and they were fine with that, as long as I wasn't managing other people's funds in the account and it was an operating account
    - Keep a balance in the account, they have a debit card that has 1% cash-back
    - Virtual debit card creation on the fly

    I was using Brex before Mercury, and they were great too with 1.5% cash back on their debit card, but they cancelled a lot of non-startup accounts, and I was one of them, and I found Mercury and I have been very happy. They recently started with this $250 affiliate link thing, so why not use it?

  7. #7
    Quote Originally Posted by abfunders View Post
    You have to walk into a branch to sign up for Chase which is $25/wire and $2.50 for next-day ACH (until you get that waived...)
    - Mercury was a 100% online application. They had a set of questions, I answered, they approved.
    - Free inbound/outbound wires, no "extra verification" like Chase on first-time payees
    - ACHs clear on the same day by EOD rather than waiting until next day
    - UI/UX is incredibly smooth and the app and website are almost identical
    - They accepted me without changing who I am. I'm a broker, it says so on my website and LinkedIn, and they were fine with that, as long as I wasn't managing other people's funds in the account and it was an operating account
    - Keep a balance in the account, they have a debit card that has 1% cash-back
    - Virtual debit card creation on the fly

    I was using Brex before Mercury, and they were great too with 1.5% cash back on their debit card, but they cancelled a lot of non-startup accounts, and I was one of them, and I found Mercury and I have been very happy. They recently started with this $250 affiliate link thing, so why not use it?
    How long have you been using them?
    How do you like their online services?

  8. #8
    Senior Member Reputation points: 28835
    Join Date
    Feb 2019
    Posts
    209

    Quote Originally Posted by abfunders View Post
    You have to walk into a branch to sign up for Chase which is $25/wire and $2.50 for next-day ACH (until you get that waived...)
    - Mercury was a 100% online application. They had a set of questions, I answered, they approved.
    - Free inbound/outbound wires, no "extra verification" like Chase on first-time payees
    - ACHs clear on the same day by EOD rather than waiting until next day
    - UI/UX is incredibly smooth and the app and website are almost identical
    - They accepted me without changing who I am. I'm a broker, it says so on my website and LinkedIn, and they were fine with that, as long as I wasn't managing other people's funds in the account and it was an operating account
    - Keep a balance in the account, they have a debit card that has 1% cash-back
    - Virtual debit card creation on the fly

    I was using Brex before Mercury, and they were great too with 1.5% cash back on their debit card, but they cancelled a lot of non-startup accounts, and I was one of them, and I found Mercury and I have been very happy. They recently started with this $250 affiliate link thing, so why not use it?
    I'm not throwing shade w the affiliate link. I'm in the market and if I like them, then I'll use the link bc I won't turn away free money. What are your complaints about them? There has to be something

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