Best Bank for Brokerage
Need a Funder or Vendor? START HERE

Results 1 to 18 of 18

Hybrid View

  1. #1
    Senior Member Reputation points: 222781
    Join Date
    Feb 2017
    Posts
    3,382

    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?

  2. #2
    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?

  3. #3
    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

Similar Threads

  1. Brokerage Account
    By Don Dolla in forum Deal Bin
    Replies: 2
    Last Post: 01-03-2018, 04:53 PM
  2. IN Advance?..... Are they a funder or a brokerage?
    By wallerbusiness in forum Merchant Cash Advance
    Replies: 6
    Last Post: 08-01-2017, 10:34 PM
  3. Looking for new Brokerage
    By FDV in forum Merchant Cash Advance
    Replies: 7
    Last Post: 01-31-2017, 09:44 AM
  4. Looking for Business Brokerage
    By dpFund in forum Deal Bin
    Replies: 0
    Last Post: 01-30-2017, 11:12 AM
  5. Auto Brokerage
    By BW Capital Solutions in forum Deal Bin
    Replies: 8
    Last Post: 01-15-2016, 04:15 PM


Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  


INDUSTRY ANNOUNCEMENTS

FundKite survey finds 77%
Ocrolus / Dragin partner
Broker Fair beats out deBanked MIAMI


DIRECTORY