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Last checked 24 Oct 2026Vezmo vs Mercury: an alternative for companies outside the US
Mercury is one of the strongest accounts for US-incorporated startups. It needs a company formed and registered in the US, and it can't open accounts for founders who live in the countries on its prohibited list, which includes Pakistan and Nepal. Vezmo is built for businesses and freelancers outside the US that need USD, EUR and AED account details, payments and payouts in one place.
- Your company is registered outside the US
- You or your co-founders live in Pakistan or another country on Mercury's list
- You want to take card payments and send invoices from the same account
- You need EUR or AED account details, not just USD
- Your company is formed in the US with US operations
- You want US treasury and venture-debt products
- You need a full US banking suite today, not early access
At a glance
Vezmo and Mercury, side by side.
Mercury’s details are from its own website, checked 24 Oct 2026; each one links to its source. Things change, so check Mercury’s site before you decide.
| Feature | Vezmo | Mercury |
|---|---|---|
| Who can apply | Businesses, including freelancers and sole traders, in the US, Mexico, Brazil, India, Pakistan, the UAE and more; checked when you apply | Companies formed and registered in the US or a US territory, with existing or planned US operationsSource |
| Founders' country of residence | Checked when you apply | Can't open accounts for founders living in its prohibited countries, including Pakistan, Nepal, the Philippines, Indonesia, Vietnam and NigeriaSource |
| Account details | USD (ACH, wire), EUR (SEPA) and AED account details, in early access | USD business accountsSource |
| Sending in other currencies | 150+ currencies, rate and fee shown first (early access) | 1% currency exchange fee on non-USD international wires; USD wires $0Source |
| Card spend in other currencies | United States first (early access) | 3% currency exchange fee on non-USD card transactionsSource |
| Card payments from your customers | From 2.79% + $0.29 per card payment, no setup fee (live) | Invoices customers can pay by card, Apple Pay, Google Pay or ACHSource |
| Stablecoin | USDC and USDT, credited to your USD balance (early access) | Not listed on its site (as of Oct 2026) |
| Individuals working for themselves | Yes, for work: freelancers, contractors and gig workers | Business accounts for US companies |
| Monthly price | Payments: no monthly fee for most accounts. USD account details: free | $0; Plus $29.90/mo and Pro $299/mo billed annuallySource |
| How your money is held | Held by regulated partners & Bank; Vezmo itself is not a bank. Details | See Mercury’s own disclosures on its website. |
Where Mercury is better
What Mercury does well.
US startups
For a company formed in the US, Mercury is a mature banking stack with free USD wires.
Treasury and credit
Mercury offers treasury and credit products that Vezmo doesn't.
Generally available
Mercury's accounts are open to eligible US companies today; Vezmo's accounts are in early access.
Who Vezmo is for
Where Vezmo fits.
Companies outside the US
Apply from where your business is registered; we check eligibility when you apply.
Getting paid, not just holding money
Card, ACH, wallet, UPI and Pix payments, invoices and payment links are live today.
More than dollars
USD, EUR and AED account details, stablecoin and payouts in 150+ currencies, in early access.
Switching
Moving to Vezmo, or using both.
- 1Join early accessApply for business banking; payments and invoicing work once your account is approved.
- 2Share your new detailsSend clients your USD, EUR or AED details and update the payout details on the platforms that pay you.
- 3Use both if you have a US companyKeep Mercury for your US entity and use Vezmo for payments, invoicing and the currencies Mercury doesn't cover.
Can I open a Mercury account if I live in Pakistan?
Mercury's help center lists Pakistan among the countries where founders can't live and open an account. Check Mercury's prohibited-countries page for the current list.
Do I need a US company to use Vezmo?
Vezmo serves businesses registered in the US and in many other countries. Which account currencies you get depends on where your business is registered and where its owners live; we check this when you apply.
Can I keep Mercury and use Vezmo?
Yes. Many businesses keep a US bank account for their US company and use Vezmo to take payments, send invoices and get paid in other currencies.
Is Vezmo a bank?
No. Vezmo is a financial technology company, not a bank. Banking, stablecoin and card services are provided by regulated partners & Banks.
Sources, checked 24 Oct 2026
Mercury is a trademark of its owner. This page compares public information and isn’t endorsed by Mercury. Vezmo is a financial technology company, not a bank. Banking, stablecoin and card services are provided by regulated partners & Banks.