Revolut vs Mercury : Which one is better for your business?

Business banking solutions like Revolut and Mercury are essential for managing finances efficiently and supporting growth. We'll compare these two platforms based on their features, such as global payments, multi-currency accounts, and financial workflows, to determine which one best meets the needs of modern businesses.

A quick overview on Revolut and Mercury

What is Revolut?

Revolut offers business accounts designed to streamline financial management with features like global payments, multi-currency accounts, and expense management tools. Unique aspects include interbank exchange rates, AI-powered bill payments, and comprehensive control over multiple business entities from a single app. The platform integrates seamlessly with accounting software, providing an all-in-one solution for businesses of all sizes.

What is Mercury?

Mercury is a financial technology company providing online business banking services tailored for startups. Partnering with FDIC-insured banks, it offers checking and savings accounts, credit cards, and financial management tools. Unique features include integrated bill pay, invoicing, expense management, and accounting automations, along with growth tools like Mercury Treasury and a community platform for connecting with investors and founders.

Features of Revolut and Mercury

Revolut features

Revolut offers a range of unique features that cater to the needs of modern businesses, providing tools for efficient financial management and growth.

• Global Payments and Multi-Currency Accounts: Manage money in multiple currencies and transfer to over 150 destinations.
• Savings and Funds: Grow money with savings accounts that offer daily returns at competitive rates.
• Expense Management: Automate spending, set approvals and controls, and reconcile expenses quickly.
• Integration with Accounting Software: Sync capabilities with various business tools and accounting software.
• Revolut Pay: Access to 45+ million Revolut customers for boosting sales, providing a competitive edge in payment acceptance.

Mercury features

Mercury offers a range of unique features that cater to the needs of startups, providing tools for efficient financial management and growth.

• Speed without Compromise: Efficient management of banking and financial operations from a single dashboard.
• Seamless Payment Processing: Auto-transfer rules, free USD wires, and the ability to send and receive payments effortlessly.
• Early Access to Credit Cards: Industry-low deposit minimums and unlimited 1.5% cashback on all spend.
• Advanced Security Measures: FDIC insurance, regulated partners, fraud monitoring, and strong account security protocols.
• Mercury Treasury: The ability to earn up to 4.69% yield on idle cash with portfolios powered by Vanguard and Morgan Stanley, integrated directly with the business account.

Comparing Revolut, Mercury and OneSafe's features

Why choose one over the other?

• Why Choose Revolut Over Mercury: Revolut offers a more extensive range of global payment options and multi-currency accounts, making it ideal for businesses with international operations. Additionally, its integration with accounting software and AI-powered bill payments streamline financial management, providing a comprehensive solution for businesses looking to expand globally.
• Why Choose Mercury Over Revolut: Mercury excels in providing tailored banking services for startups, with features like early access to credit cards with low deposit minimums and unlimited cashback. Its advanced security measures and seamless payment processing make it a reliable choice for startups needing efficient and secure financial workflows.

Considering OneSafe vs Revolut and Mercury

• Why Choose OneSafe Over Revolut and Mercury: OneSafe stands out with its instant crypto to fiat conversions and seamless crypto payments, making it an ideal choice for businesses involved in Web3 and cryptocurrency. Additionally, OneSafe's global accounts management and multi-currency support provide unparalleled flexibility for managing finances across borders, ensuring smooth operations for global businesses.

What are the customers saying?

Revolut reviews

Users generally find Revolut to be a convenient and efficient banking solution, praising features like instant spending notifications, built-in budgeting, and the ability to invest in cryptocurrencies and stocks. However, some users have expressed frustrations with customer service, high commission fees for digital currencies, and difficulties in contacting support by telephone.

Overall Rating: 4.2 out of 5

• "This Revolut bank have variety business like cryptocurrency trade, stock market and others. So there is more chance to gain wealth through trade, so on this bank not only put your money but also you can invest on different trading market and you get passive income." - MULU ABEBE NEGASI
• "The most important thing is the security of the account and the 24/24 assistance of those from Revolut in any language, which is very useful!" - Catalin-Cristian Bogheanu

For more detailed reviews, visit Revolut Reviews.

Mercury reviews

Users have mixed opinions about Mercury. Many appreciate the easy onboarding process, powerful API, and user-friendly platform. However, some users have faced issues with account closures, slow transaction times, and poor customer support.

Overall Rating: 3.5 out of 5

• "The application process was very simple and the approval came within 24 hours. I use Mercury for all my business endeavors." - Andrew
• "Mercury closed my account with funds inside and refuses to even respond to any of my emails. Please address my issue before I take legal actions." - Ebraam Mansy

For more detailed reviews, visit Mercury Reviews.

OneSafereviews

Users have praised OneSafe for its exceptional customer support and innovative solutions tailored for Web3 organizations. The platform's seamless currency conversion and efficient payroll management have been highlighted as particularly useful features.

Overall Rating: 4.8 out of 5

• "OneSafe has the best customer support I've ever experienced from a bank." - Amit Chu, Investments @ Celo Foundation
• "OneSafe is a game-changer. They solve so many headaches for our company. Finally, a banking solution that gets it." - Marco, CEO of Ensuro

For more detailed reviews, visit OneSafe.

Revolut, Mercury, or OneSafe: Which is the best platform for you?

In conclusion, while Revolut and Mercury offer robust solutions for business banking, OneSafe stands out with its innovative features and exceptional customer support. Each platform has its strengths, but for businesses looking to navigate the complexities of Web3 and global finance, OneSafe is a compelling choice. Ultimately, any of these options can serve your business well, but we recommend giving OneSafe a closer look.