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Wise Business vs Mercury
Only Wise Business · 41
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Onboards businesses in United States
Wise Business
AvailableMercury
AvailableAccept payments
Wise Business
Payment links and Quick Pay for getting paid. This is not a full online checkout.Mercury
Invoices your customers pay by card or ACH debit, also available through the API.Pay people abroad
Wise Business
Send money to 140+ countries at the mid-market rate, including batch payments.Mercury
Domestic ACH and wires, international wires, and API payments to saved recipients.Multi-currency account
Wise Business
Hold 40+ currencies and get local account details in around 10 of them.Mercury
US dollar checking and savings with FDIC insurance through partner banks, plus Treasury for idle cash.Business cards
Wise Business
Wise Business debit cards that spend in local currency.Mercury
Debit cards and the IO corporate credit card with spend controls.Stablecoins
Wise Business
Not offeredMercury
Not offeredYield on idle cash
Wise Business
Wise Interest invests GBP, USD and EUR balances in BlackRock government money market funds (a Franklin Templeton fund in Australia). Wise warns that your money is at risk. Not available to US customers.Not for businesses in United States.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.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
Wise Business
Low risk, not insuredMoney market fundMercury
Low risk, not insuredMoney market fundModerate riskShort-term bond fundIs the money protected?
Wise Business
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.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.Does the rate change?
Wise Business
Floats daily with central bank rates, so it falls when rates are cut.Last seen: About 4% on USD and 3.7% on GBP after fees (May 2025)Not for businesses in United States.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)Platform & marketplace
Run payments for other businesses: sign them up, take a cut, pay them out.
Sub-accounts for your users
Wise Business
PartlyWise Platform lets banks and enterprises embed Wise for their customers. It does not onboard sub-merchants.Mercury
NoMercury’s API manages your own accounts; there is no product for creating accounts for your users.Split payments and platform fees
Wise Business
NoNot a payment processor.Mercury
NoNot a payment processor.Embeddable UI
Wise Business
Not confirmedNot confirmed.Mercury
NoNo embeddable components.Pay out to your users
Wise Business
YesPartners send money abroad for their customers through Wise; banks can route Swift payments to Wise.Mercury
PartlyAPI payments to saved recipients by ACH or wire. Fine for paying vendors, not built for paying a platform’s users at scale.Embedded finance for your users
Give your users financial products under your brand.
Accounts that hold money
Wise Business
PartlyPartners can offer Wise’s multi-currency features to their customers.Mercury
NoNot offered to platforms.Cards for your users
Wise Business
Not confirmedNot confirmed for partners.Mercury
NoCards are for your own team.Financing for your users
Wise Business
NoWise does not lend.Mercury
NoNot offered to platforms.Consumer apps
Build for individuals, not just businesses, the way Bridge allows.
End users can be individuals
Wise Business
YesBuilt for consumer-facing partners: banks such as Standard Chartered, Bank Mandiri and Shinhan embed it for retail customers.Mercury
NoMercury Personal is Mercury’s own consumer banking; you cannot build consumer products on it.Consumer wallets or accounts
Wise Business
PartlyThrough partner integrations of Wise accounts.Mercury
NoNot offered to platforms.Consumer cards
Wise Business
Not confirmedNot confirmed for partners.Mercury
NoNot offered to platforms.Stablecoins
Dollar-backed tokens as a payment and treasury rail.
Accept stablecoins
Wise Business
NoNo stablecoin product found in public materials.Mercury
NoNo stablecoin product found in public materials.Hold stablecoin balances
Wise Business
NoNo stablecoin product found in public materials.Mercury
NoNo stablecoin product found in public materials.Pay out in stablecoins
Wise Business
NoNo stablecoin product found in public materials.Mercury
NoNo stablecoin product found in public materials.Issue your own stablecoin
Wise Business
NoNo stablecoin product found in public materials.Mercury
NoNo stablecoin product found in public materials.Regulatory risk in United States
Wise Business
No stablecoin productsMercury
No stablecoin productsAI agents
Build with AI tools, and let AI agents shop and pay.
Official MCP server
Wise Business
Not confirmedNo official MCP server found; only community-built ones.Mercury
YesHosted MCP server in beta: AI assistants can read balances, transactions, cards and recipients, with OAuth sign-in.Checkout for AI agents
Wise Business
NoDoes not process checkout payments, so there is nothing for an agent to check out with.Mercury
NoDoes not process checkout payments, so there is nothing for an agent to check out with.Cards for AI agents
Wise Business
Not confirmedNot found in public materials.Mercury
Not confirmedNot found in public materials.Working with them
How easy it is to get started.
Self-serve signup
Wise Business
PartlyWise Business is self-serve; Wise Platform partnerships are sales-led.Mercury
YesApply online.Published pricing
Wise Business
YesTransfer fees are published.Mercury
YesFree core plan; paid plans are published.Public API and sandbox
Wise Business
YesPublic API and sandbox.Mercury
YesREST API for accounts, transactions, payments and invoicing, with webhooks and OAuth for partner apps.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
Wise Business
Mercury
In short
Countries onboarded
Wise Business
39 of 170Mercury
1 of 170Designed for
Wise Business
Receiving client payments in USD, EUR or GBP and converting at the mid-market rate.Mercury
US startups that want a fast, API-friendly bank account, including founders based outside the US.Limitations
Wise Business
Offers payment links rather than a full online checkout.Mercury
Only for US-registered companies, and not designed for building products on top of.| Wise Business Global account | Mercury Business banking | |
|---|---|---|
| Onboards businesses in United States | Available | Available |
| Accept payments | Payment links and Quick Pay for getting paid. This is not a full online checkout. | Invoices your customers pay by card or ACH debit, also available through the API. |
| Pay people abroad | Send money to 140+ countries at the mid-market rate, including batch payments. | Domestic ACH and wires, international wires, and API payments to saved recipients. |
| Multi-currency account | Hold 40+ currencies and get local account details in around 10 of them. | US dollar checking and savings with FDIC insurance through partner banks, plus Treasury for idle cash. |
| Business cards | Wise Business debit cards that spend in local currency. | Debit cards and the IO corporate credit card with spend controls. |
| Stablecoins | Not offered | Not offered |
| Yield on idle cash | Wise Interest invests GBP, USD and EUR balances in BlackRock government money market funds (a Franklin Templeton fund in Australia). Wise warns that your money is at risk. Not available to US customers.Not for businesses in United States. | 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. |
| 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 fund | Low risk, not insuredMoney market fundModerate riskShort-term bond fund |
| Is the money protected? | 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. | 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. |
| Does the rate change? | Floats daily with central bank rates, so it falls when rates are cut.Last seen: About 4% on USD and 3.7% on GBP after fees (May 2025)Not for businesses in United States. | 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) |
| Platform & marketplaceRun payments for other businesses: sign them up, take a cut, pay them out. | ||
| Sub-accounts for your users | PartlyWise Platform lets banks and enterprises embed Wise for their customers. It does not onboard sub-merchants. | NoMercury’s API manages your own accounts; there is no product for creating accounts for your users. |
| Split payments and platform fees | NoNot a payment processor. | NoNot a payment processor. |
| Embeddable UI | Not confirmedNot confirmed. | NoNo embeddable components. |
| Pay out to your users | YesPartners send money abroad for their customers through Wise; banks can route Swift payments to Wise. | PartlyAPI payments to saved recipients by ACH or wire. Fine for paying vendors, not built for paying a platform’s users at scale. |
| Embedded finance for your usersGive your users financial products under your brand. | ||
| Accounts that hold money | PartlyPartners can offer Wise’s multi-currency features to their customers. | NoNot offered to platforms. |
| Cards for your users | Not confirmedNot confirmed for partners. | NoCards are for your own team. |
| Financing for your users | NoWise does not lend. | NoNot offered to platforms. |
| Consumer appsBuild for individuals, not just businesses, the way Bridge allows. | ||
| End users can be individuals | YesBuilt for consumer-facing partners: banks such as Standard Chartered, Bank Mandiri and Shinhan embed it for retail customers. | NoMercury Personal is Mercury’s own consumer banking; you cannot build consumer products on it. |
| Consumer wallets or accounts | PartlyThrough partner integrations of Wise accounts. | NoNot offered to platforms. |
| Consumer cards | Not confirmedNot confirmed for partners. | NoNot offered to platforms. |
| StablecoinsDollar-backed tokens as a payment and treasury rail. | ||
| Accept stablecoins | NoNo stablecoin product found in public materials. | NoNo stablecoin product found in public materials. |
| Hold stablecoin balances | NoNo stablecoin product found in public materials. | NoNo stablecoin product found in public materials. |
| Pay out in stablecoins | NoNo stablecoin product found in public materials. | NoNo stablecoin product found in public materials. |
| Issue your own stablecoin | NoNo stablecoin product found in public materials. | NoNo stablecoin product found in public materials. |
| Regulatory risk in United States | No stablecoin products | No stablecoin products |
| AI agentsBuild with AI tools, and let AI agents shop and pay. | ||
| Official MCP server | Not confirmedNo official MCP server found; only community-built ones. | YesHosted MCP server in beta: AI assistants can read balances, transactions, cards and recipients, with OAuth sign-in. |
| Checkout for AI agents | NoDoes not process checkout payments, so there is nothing for an agent to check out with. | NoDoes not process checkout payments, so there is nothing for an agent to check out with. |
| 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 | PartlyWise Business is self-serve; Wise Platform partnerships are sales-led. | YesApply online. |
| Published pricing | YesTransfer fees are published. | YesFree core plan; paid plans are published. |
| Public API and sandbox | YesPublic API and sandbox. | YesREST API for accounts, transactions, payments and invoicing, with webhooks and OAuth for partner apps. |
| 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 | AnnouncedA new US trust bank applicationNo date given · Includes United States Details and sources → | Awaiting approvalMercury Bank, N.A.No date given · Includes United States Details and sources → |
| In short | ||
| Countries onboarded | 39 of 170 | 1 of 170 |
| Designed for | Receiving client payments in USD, EUR or GBP and converting at the mid-market rate. | US startups that want a fast, API-friendly bank account, including founders based outside the US. |
| Limitations | Offers payment links rather than a full online checkout. | Only for US-registered companies, and not designed for building products on top of. |
Common questions
Is Wise Business or Mercury available in more countries?
Wise Business. Of the 170 countries we track, Wise Business onboards businesses in 39 (and 3 more with limits) and Mercury in 1. Both serve businesses in 1. Only Wise Business: Canada, Mexico, Brazil, United Kingdom, Ireland, Germany, France, Netherlands, Belgium, Luxembourg, Austria, Spain and 29 more.
What do Wise Business and Mercury offer?
Accept payments: Wise Business yes, Mercury yes. Pay people abroad: Wise Business yes, Mercury yes. Multi-currency account: Wise Business yes, Mercury yes. Business cards: Wise Business yes, Mercury yes. Stablecoins: Wise Business no, Mercury no. Yield on idle cash: Wise Business yes, Mercury yes.
How do Wise Business and Mercury differ for platforms and embedded finance?
Sub-accounts for your users: Wise Business partly, Mercury no. Embeddable UI: Wise Business not confirmed, Mercury no. Pay out to your users: Wise Business yes, Mercury partly. Accounts that hold money: Wise Business partly, Mercury no. Cards for your users: Wise Business not confirmed, Mercury no. End users can be individuals: Wise Business yes, Mercury no. Consumer wallets or accounts: Wise Business partly, Mercury no. Consumer cards: Wise Business not confirmed, Mercury no. Official MCP server: Wise Business not confirmed, Mercury yes.
Who is Wise Business designed for?
Receiving client payments in USD, EUR or GBP and converting at the mid-market rate. Limitations: Offers payment links rather than a full online checkout.
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.
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