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I am co-founder, CEO of Mercury. Excited to see this on HN. Happy to answer any questions. We set out wanting to: a) deliver an amazing online banking experience for startups b) help entrepreneurs understand their revenues/costs better and succeed c) deliver great financial services. We have a long way to go but are excited to unveil what we have achieved so far. Mercury will provide your startup a FDIC-insured check…
Do you work with blockchain / crypto companies?
I am co-founder, CEO of Mercury. Excited to see this on HN. Happy to answer any questions. We set out wanting to: a) deliver an amazing online banking experience for startups b) help entrepreneurs understand their revenues/costs better and succeed c) deliver great financial services. We have a long way to go but are excited to unveil what we have achieved so far. Mercury will provide your startup a FDIC-insured check…
In what parts of the world do you accept customers?
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Because by the time you want to send a wire, you've already decided where to put your money. Plus, it's often a relatively large amount of money an the fee doesn't seem so big.
That explains why everybody puts up with it. It doesn't explain why a startup like Mercury can't come along and shake up the status quo by not nickle and diming their customers like the greedy fucks that are the incumbents. Missed opportunity IMO.
Do you have any plans to handle deposits in currencies other than USD? We’re US-based but receive a fair amount of payments from customers in EUR and we also have obligations in EUR so we’re looking for a way to avoid going from EUR to USD on deposit and back to EUR on payment.
You can't beat free. SVB and others get you with free for x months but once their fees and "analysis fees" kick in it really gets quite expensive for a small bootstrapped business even with little activity on your account. It's also incredible how far behind all banks are with simple things like being able to search your transactions over a decent amount of time. Good luck and I genuinely hope the free and open to al…
We operate at reasonable unit economics. Free should be sustainable.
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We're starting with up to $100k in AWS credit, $1,000 off a 409a and 20% off Pilot bookkeeping for 6 months. More to come. Email me at jason at mercury.co if you want to know more.
$1,000 off a 409a? How much would the 409a cost after the discount? Asking because our 409a cost us about $1,200...
Do you have or can you add real check and ACH withdrawal security? I want my bank to decline all externally initiated withdrawals unless explicitly authorized. In other words, when I write a check, I want to tell my bank, and if someone tries to cash a check drawn on my account, I want it to be rejected. The same should go for ACH debits. This might be harder, but it would be even better if unrecognized debits we’re…
ACH - a basic account can’t have this protection. We have an idea for an account that is for sending only that is always 0-balanced. That’s not live yet, but perhaps it would satisfy your request. Check - you can send a check to a specific person from the Mercury dashboard but you can’t print a blank check against the account. That would be rejected. So standard check fraud is not possible.
Most importantly, if party A leaks my ACH info, this shouldn't help any other party.