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Mercury vs BVNK
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Onboards businesses in United States
Mercury
AvailableBVNK
AvailableAccept payments
Mercury
Invoices your customers pay by card or ACH debit, also available through the API.BVNK
Accept stablecoin payments, kept as stablecoins or converted to fiat.Pay people abroad
Mercury
Domestic ACH and wires, international wires, and API payments to saved recipients.BVNK
Stablecoin and fiat payouts, including instant euro payments over SEPA.Multi-currency account
Mercury
US dollar checking and savings with FDIC insurance through partner banks, plus Treasury for idle cash.BVNK
Virtual accounts and embedded wallets for your customers.Business cards
Mercury
Debit cards and the IO corporate credit card with spend controls.BVNK
Not offeredStablecoins
Mercury
Not offeredBVNK
Pay-ins, payouts, FX and wallets across major chains, plus a self-custody product.Yield on idle cash
Mercury
Mercury Treasury invests idle cash in government money market funds and, since August 2026, an ultra-short bond fund. It is not FDIC insured, may lose value, and carries a 0.15–0.60% fee.BVNK
BVNK Earn pays a return on idle stablecoin balances. BVNK does not clearly say how the return is generated; earlier versions of the product lent assets to prime brokers.Yield on idle cash
A return on money you are not using. How safe it is depends on where the return comes from, not on how high the rate is.
Where the return comes from
Mercury
Low risk, not insuredMoney market fundModerate riskShort-term bond fundBVNK
Source not disclosedSource not disclosedIs the money protected?
Mercury
Money market fund: Not a deposit and not insured. The fund holds short-term government debt and aims to keep its value stable, but that is not guaranteed. Broker protection (SIPC in the US) covers the broker failing, not investment losses.Short-term bond fund: Not insured, and the price moves every day, so you can get back less than you put in.BVNK
The provider does not clearly say how the return is generated. Ask before relying on it: a return always comes from someone taking a risk.Does the rate change?
Mercury
Floats daily with central bank rates, so it falls when rates are cut. Moves with interest rates and bond prices.Last seen: Up to about 3.6% net, for the largest balances (May 2026)BVNK
Not published.Last seen: Not publishedPlatform & marketplace
Run payments for other businesses: sign them up, take a cut, pay them out.
Sub-accounts for your users
Mercury
NoMercury’s API manages your own accounts; there is no product for creating accounts for your users.BVNK
YesEmbedded partner customers: you collect KYC or KYB in your own flow, send it to BVNK’s API, and BVNK reviews and activates the account.Split payments and platform fees
Mercury
NoNot a payment processor.BVNK
NoNot a card payment processor.Embeddable UI
Mercury
NoNo embeddable components.BVNK
NoAPI-first; you build the onboarding screens.Pay out to your users
Mercury
PartlyAPI payments to saved recipients by ACH or wire. Fine for paying vendors, not built for paying a platform’s users at scale.BVNK
YesStablecoin and fiat payouts, including instant euro payments over SEPA.Embedded finance for your users
Give your users financial products under your brand.
Accounts that hold money
Mercury
NoNot offered to platforms.BVNK
YesVirtual accounts and embedded wallets that customers can hold and receive money in.Cards for your users
Mercury
NoCards are for your own team.BVNK
PartlyStablecoin card programs through partners such as Marqeta.Financing for your users
Mercury
NoNot offered to platforms.BVNK
NoNot offered.Consumer apps
Build for individuals, not just businesses, the way Bridge allows.
End users can be individuals
Mercury
NoMercury Personal is Mercury’s own consumer banking; you cannot build consumer products on it.BVNK
YesEmbedded wallets added individual users in September 2026, in early access. Some older guides still describe the product as business-only.Consumer wallets or accounts
Mercury
NoNot offered to platforms.BVNK
YesEmbedded wallets for individuals, in early access.Consumer cards
Mercury
NoNot offered to platforms.BVNK
PartlyThrough card-issuing partners.Stablecoins
Dollar-backed tokens as a payment and treasury rail.
Accept stablecoins
Mercury
NoNo stablecoin product found in public materials.BVNK
YesStablecoin pay-ins, kept as stablecoins or converted to fiat.Hold stablecoin balances
Mercury
NoNo stablecoin product found in public materials.BVNK
YesHold stablecoin balances in wallets.Pay out in stablecoins
Mercury
NoNo stablecoin product found in public materials.BVNK
YesStablecoin payouts across major chains, including Stellar.Issue your own stablecoin
Mercury
NoNo stablecoin product found in public materials.BVNK
Not confirmedNot confirmed.Regulatory risk in United States
Mercury
No stablecoin productsBVNK
Low riskAI agents
Build with AI tools, and let AI agents shop and pay.
Official MCP server
Mercury
YesHosted MCP server in beta: AI assistants can read balances, transactions, cards and recipients, with OAuth sign-in.BVNK
Not confirmedNone found.Checkout for AI agents
Mercury
NoDoes not process checkout payments, so there is nothing for an agent to check out with.BVNK
Not confirmedNo agent checkout protocol support confirmed.Cards for AI agents
Mercury
Not confirmedNot found in public materials.BVNK
Not confirmedNot found in public materials.Working with them
How easy it is to get started.
Self-serve signup
Mercury
YesApply online.BVNK
NoEmbedded products are switched on by an account manager after compliance review.Published pricing
Mercury
YesFree core plan; paid plans are published.BVNK
NoPricing is not published.Public API and sandbox
Mercury
YesREST API for accounts, transactions, payments and invoicing, with webhooks and OAuth for partner apps.BVNK
YesDocumented API with sandbox and production environments.Coming soon
Announced but not launched. These are plans, not products you can sign up for today: timing often slips, and some never ship.
Announced, not yet live
Mercury
BVNK
Nothing announcedIn short
Countries onboarded
Mercury
1 of 170BVNK
31 of 170Designed for
Mercury
US startups that want a fast, API-friendly bank account, including founders based outside the US.BVNK
Payment and fintech companies adding stablecoin pay-ins, payouts and wallets, with US and EU licensing in place.Limitations
Mercury
Only for US-registered companies, and not designed for building products on top of.BVNK
Embedded products are switched on by an account manager, and some, such as wallets for individuals, are in early access.| Mercury Business banking | BVNK Stablecoin infrastructure | |
|---|---|---|
| Onboards businesses in United States | Available | Available |
| Accept payments | Invoices your customers pay by card or ACH debit, also available through the API. | Accept stablecoin payments, kept as stablecoins or converted to fiat. |
| Pay people abroad | Domestic ACH and wires, international wires, and API payments to saved recipients. | Stablecoin and fiat payouts, including instant euro payments over SEPA. |
| Multi-currency account | US dollar checking and savings with FDIC insurance through partner banks, plus Treasury for idle cash. | Virtual accounts and embedded wallets for your customers. |
| Business cards | Debit cards and the IO corporate credit card with spend controls. | Not offered |
| Stablecoins | Not offered | Pay-ins, payouts, FX and wallets across major chains, plus a self-custody product. |
| Yield on idle cash | Mercury Treasury invests idle cash in government money market funds and, since August 2026, an ultra-short bond fund. It is not FDIC insured, may lose value, and carries a 0.15–0.60% fee. | BVNK Earn pays a return on idle stablecoin balances. BVNK does not clearly say how the return is generated; earlier versions of the product lent assets to prime brokers. |
| Yield on idle cashA return on money you are not using. How safe it is depends on where the return comes from, not on how high the rate is. | ||
| Where the return comes from | Low risk, not insuredMoney market fundModerate riskShort-term bond fund | Source not disclosedSource not disclosed |
| Is the money protected? | Money market fund: Not a deposit and not insured. The fund holds short-term government debt and aims to keep its value stable, but that is not guaranteed. Broker protection (SIPC in the US) covers the broker failing, not investment losses.Short-term bond fund: Not insured, and the price moves every day, so you can get back less than you put in. | The provider does not clearly say how the return is generated. Ask before relying on it: a return always comes from someone taking a risk. |
| Does the rate change? | Floats daily with central bank rates, so it falls when rates are cut. Moves with interest rates and bond prices.Last seen: Up to about 3.6% net, for the largest balances (May 2026) | Not published.Last seen: Not published |
| Platform & marketplaceRun payments for other businesses: sign them up, take a cut, pay them out. | ||
| Sub-accounts for your users | NoMercury’s API manages your own accounts; there is no product for creating accounts for your users. | YesEmbedded partner customers: you collect KYC or KYB in your own flow, send it to BVNK’s API, and BVNK reviews and activates the account. |
| Split payments and platform fees | NoNot a payment processor. | NoNot a card payment processor. |
| Embeddable UI | NoNo embeddable components. | NoAPI-first; you build the onboarding screens. |
| Pay out to your users | PartlyAPI payments to saved recipients by ACH or wire. Fine for paying vendors, not built for paying a platform’s users at scale. | YesStablecoin and fiat payouts, including instant euro payments over SEPA. |
| Embedded finance for your usersGive your users financial products under your brand. | ||
| Accounts that hold money | NoNot offered to platforms. | YesVirtual accounts and embedded wallets that customers can hold and receive money in. |
| Cards for your users | NoCards are for your own team. | PartlyStablecoin card programs through partners such as Marqeta. |
| Financing for your users | NoNot offered to platforms. | NoNot offered. |
| Consumer appsBuild for individuals, not just businesses, the way Bridge allows. | ||
| End users can be individuals | NoMercury Personal is Mercury’s own consumer banking; you cannot build consumer products on it. | YesEmbedded wallets added individual users in September 2026, in early access. Some older guides still describe the product as business-only. |
| Consumer wallets or accounts | NoNot offered to platforms. | YesEmbedded wallets for individuals, in early access. |
| Consumer cards | NoNot offered to platforms. | PartlyThrough card-issuing partners. |
| StablecoinsDollar-backed tokens as a payment and treasury rail. | ||
| Accept stablecoins | NoNo stablecoin product found in public materials. | YesStablecoin pay-ins, kept as stablecoins or converted to fiat. |
| Hold stablecoin balances | NoNo stablecoin product found in public materials. | YesHold stablecoin balances in wallets. |
| Pay out in stablecoins | NoNo stablecoin product found in public materials. | YesStablecoin payouts across major chains, including Stellar. |
| Issue your own stablecoin | NoNo stablecoin product found in public materials. | Not confirmedNot confirmed. |
| Regulatory risk in United States | No stablecoin products | Low risk |
| AI agentsBuild with AI tools, and let AI agents shop and pay. | ||
| Official MCP server | YesHosted MCP server in beta: AI assistants can read balances, transactions, cards and recipients, with OAuth sign-in. | Not confirmedNone found. |
| Checkout for AI agents | NoDoes not process checkout payments, so there is nothing for an agent to check out with. | Not confirmedNo agent checkout protocol support confirmed. |
| Cards for AI agents | Not confirmedNot found in public materials. | Not confirmedNot found in public materials. |
| Working with themHow easy it is to get started. | ||
| Self-serve signup | YesApply online. | NoEmbedded products are switched on by an account manager after compliance review. |
| Published pricing | YesFree core plan; paid plans are published. | NoPricing is not published. |
| Public API and sandbox | YesREST API for accounts, transactions, payments and invoicing, with webhooks and OAuth for partner apps. | YesDocumented API with sandbox and production environments. |
| Coming soonAnnounced but not launched. These are plans, not products you can sign up for today: timing often slips, and some never ship. | ||
| Announced, not yet live | Awaiting approvalMercury Bank, N.A.No date given · Includes United States Details and sources → | Nothing announced |
| In short | ||
| Countries onboarded | 1 of 170 | 31 of 170 |
| Designed for | US startups that want a fast, API-friendly bank account, including founders based outside the US. | Payment and fintech companies adding stablecoin pay-ins, payouts and wallets, with US and EU licensing in place. |
| Limitations | Only for US-registered companies, and not designed for building products on top of. | Embedded products are switched on by an account manager, and some, such as wallets for individuals, are in early access. |
Common questions
Is Mercury or BVNK available in more countries?
BVNK. Of the 170 countries we track, Mercury onboards businesses in 1 and BVNK in 31 (and 34 more with limits). Both serve businesses in 1. Only BVNK: Canada, Mexico, Brazil, Argentina, Colombia, Chile, Peru, United Kingdom, Ireland, Germany, France, Netherlands and 52 more.
What do Mercury and BVNK offer?
Accept payments: Mercury yes, BVNK yes. Pay people abroad: Mercury yes, BVNK yes. Multi-currency account: Mercury yes, BVNK yes. Business cards: Mercury yes, BVNK no. Stablecoins: Mercury no, BVNK yes. Yield on idle cash: Mercury yes, BVNK yes.
How do Mercury and BVNK differ for platforms and embedded finance?
Sub-accounts for your users: Mercury no, BVNK yes. Pay out to your users: Mercury partly, BVNK yes. Accounts that hold money: Mercury no, BVNK yes. Cards for your users: Mercury no, BVNK partly. End users can be individuals: Mercury no, BVNK yes. Consumer wallets or accounts: Mercury no, BVNK yes. Consumer cards: Mercury no, BVNK partly. Accept stablecoins: Mercury no, BVNK yes. Hold stablecoin balances: Mercury no, BVNK yes. Pay out in stablecoins: Mercury no, BVNK yes. Issue your own stablecoin: Mercury no, BVNK not confirmed. Official MCP server: Mercury yes, BVNK not confirmed. Checkout for AI agents: Mercury no, BVNK not confirmed.
Who is Mercury designed for?
US startups that want a fast, API-friendly bank account, including founders based outside the US. Limitations: Only for US-registered companies, and not designed for building products on top of.
Who is BVNK designed for?
Payment and fintech companies adding stablecoin pay-ins, payouts and wallets, with US and EU licensing in place. Limitations: Embedded products are switched on by an account manager, and some, such as wallets for individuals, are in early access.
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