Software Alternatives, Accelerators & Startups

Mercury VS Stripe Terminal

Compare Mercury VS Stripe Terminal and see what are their differences

Mercury logo Mercury

Mercury is banking* for startups

Stripe Terminal logo Stripe Terminal

The programmable point-of-sale solution 💳🛠️
  • Mercury Landing page
    Landing page //
    2023-06-17

Mercury offers banking* for startups — at any size or stage. With an intuitive product experience, founders can access free checking and savings accounts, debit and credit cards, domestic and international wire transfers, Treasury, venture debt, and more — and manage their business with confidence. Mercury also offers vibrant community programs that provide founders with the connections, advice, and resources to help them build the next great companies. Launched in 2019, Mercury is trusted by more than 100,000 startups. To learn more, visit Mercury.com.

*Mercury is a financial technology company, not a bank. All banking services provided by Choice Financial Group and Evolve Bank & Trust®; Members FDIC.

  • Stripe Terminal Landing page
    Landing page //
    2023-06-17

Mercury

$ Details
free
Platforms
Web iOS Android
Release Date
2019 April

Stripe Terminal

Website
stripe.com
Pricing URL
-
$ Details
-
Platforms
-
Release Date
-

Mercury features and specs

  • Ease of Use
    Mercury offers a user-friendly interface that simplifies banking for startups and small businesses, making it easy to manage accounts, transfer funds, and monitor transactions.
  • No Monthly Fees
    Mercury does not charge monthly fees or require minimum balances, which is beneficial for new businesses trying to manage their finances effectively.
  • Automated Bookkeeping
    Mercury provides integrated bookkeeping tools, facilitating accounting processes by automatically syncing transactions with popular accounting software like QuickBooks and Xero.
  • FDIC Insured
    Mercury accounts are FDIC-insured up to $250,000 through its partner banks, providing peace of mind regarding the safety of your deposits.
  • Multiple User Accounts
    The platform allows multiple user accounts with customizable permissions, making it easier for teams to collaborate on financial management securely.

Possible disadvantages of Mercury

  • Limited Physical Presence
    Mercury operates entirely online, which can be a drawback for businesses that prefer or require in-person banking services.
  • No Cash Deposits
    Mercury does not support cash deposits, which can be inconvenient for businesses that deal with a significant amount of cash transactions.
  • Limited Lending Options
    Mercury offers fewer lending products compared to traditional banks, which might be a limitation for businesses seeking comprehensive financing solutions.
  • Customer Service
    While often responsive, customer service is primarily conducted through online channels, which some users may find less satisfactory compared to face-to-face interactions.
  • No International Wire Transfers
    Mercury does not support international wire transfers, which can be a significant limitation for businesses operating globally.

Stripe Terminal features and specs

  • Integration with Stripe Ecosystem
    Seamlessly integrates with other Stripe services, allowing businesses to unify online and offline payments into a single platform.
  • Customizability
    Offers a high level of customization to fit specific business needs, including tailored payment flows and branded receipts.
  • Hardware Options
    Provides a variety of hardware options that cater to different business needs, from mobile card readers to countertop smart terminals.
  • Developer-Friendly
    Includes extensive documentation and SDKs for iOS, Android, and JavaScript, making it easy for developers to build custom POS solutions.
  • Global Availability
    Available in multiple countries with support for numerous currencies, enabling businesses to operate globally with ease.

Possible disadvantages of Stripe Terminal

  • Cost
    Costs can add up with transaction fees, hardware purchases, and potential development expenditures for custom setups.
  • Setup Complexity
    Can be complex to set up and integrate without sufficient technical expertise, potentially requiring developer resources.
  • Limited Offline Capability
    Dependent on internet connectivity for transactions; limited offline capabilities may not suit all business environments.
  • Geographic Limitations
    Despite global reach, some specific features and hardware might not be available in all regions, which can hinder operations in certain countries.
  • Technical Support
    Users report that while support is available, response times can vary, potentially causing delays if issues arise during business hours.

Mercury videos

Mercury Movie Review - Prabhu Deva, Karthik Subburaj - Tamil Talkies

More videos:

  • Review - Mercury review by Prashanth
  • Review - Mercury 150 Four Stroke Review Performance Reliability One Year Later - Florida Sport Fishing TV

Stripe Terminal videos

Dev Chats: Stripe Terminal

More videos:

  • Demo - 🔥How to Setup POS Machine Card Reader Using Stripe Terminal | 🔥Working Demo of Successful Payment

Category Popularity

0-100% (relative to Mercury and Stripe Terminal)
Online Payments
77 77%
23% 23
Money Transfer
100 100%
0% 0
Productivity
0 0%
100% 100
Fintech
77 77%
23% 23

User comments

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Reviews

These are some of the external sources and on-site user reviews we've used to compare Mercury and Stripe Terminal

Mercury Reviews

  1. Veeresh G T
    · Founder at Vepapu ·
    The best for Non-Residents

    The best in the market for helping US non-residents get a checking bank account for their US companies. Mercury's secure experience takes founders to another level in their global journey.

    🏁 Competitors: Vepapu
    👍 Pros:    Free pricing|Place for non-residents

Stripe Terminal Reviews

We have no reviews of Stripe Terminal yet.
Be the first one to post

Social recommendations and mentions

Based on our record, Mercury should be more popular than Stripe Terminal. It has been mentiond 36 times since March 2021. We are tracking product recommendations and mentions on various public social media platforms and blogs. They can help you identify which product is more popular and what people think of it.

Mercury mentions (36)

  • Sonos CEO Patrick Spence steps down after app update debacle
    Interestingly, Mercury [0] is VC-backed, and their backend is entirely Haskell. In an interview [1], their CTO mentions that it’s actually quite easy to hire for Haskell, as the demand is much lower than the supply, and, as he slyly puts it, “interest in Haskell acts as a decent proxy for baseline developer quality.” So while the pool is larger for JS/TS and Python, that may not always be beneficial. [0]:... - Source: Hacker News / 4 months ago
  • Haskell vs. Ada vs. C++ vs. an Experiment in Software Prototyping Productivity [pdf]
    I work on one of the largest Haskell codebases in the world that I know of (https://mercury.com/). We're in the ballpark of 1.5 million lines of proprietary code built and deployed as effectively a single executable, and of course if you included open source libraries and stuff that we have built or depend on, it would be larger. I can't really speak to your problem domain, but I feel like we do a lot with what we... - Source: Hacker News / 5 months ago
  • Privacy/secruity experience with RBFCU? (Randolph Brooks Credit Union)
    Not just a fintech front for a privacy dis-respecting bank (like Mercury business banking for example). Source: over 1 year ago
  • The Meaning of Monad in MonadTrans
    Mercury (https://mercury.com/) uses Haskell extensively for pretty much all of its backend systems. It’s a great general purpose language. - Source: Hacker News / almost 2 years ago
  • Wise or Payoneer?
    He claims it's totally legal https://mercury.com/. Source: almost 2 years ago
View more

Stripe Terminal mentions (10)

  • Stripe Terminal iOS & Android SDK
    Hey, I'm creating a POS system and want to integrate Stripe Terminal for accepting in-person payments. I need to have offline capabilities so the server-driven integration is no option sadly. So I'll need to use their iOS & Android SDK's. Can anyone help me with this? Or tell me how to integrate two SDK's into a flutter app? (I'll probably be using the BBPOS WisePad 3). Source: almost 2 years ago
  • Gesture-based payments
    Finally, using gestures solely would only work if a customer is part of a program that already possesses their credit card details. If a gesture is not used as a confirmation input but as the payment method itself, we need some way to match payment details to this gesture and this user. For example, let’s imagine that a customer wants to pay with gestures that they trained on their smartwatch. We could imagine a... - Source: dev.to / over 2 years ago
  • Making a point of sale app
    The short answer here is: there's companies which will provide you a cloud API to interact with a card reader they provide, and that's the least awful way to use one. These include Stripe (https://stripe.com/terminal), Square (https://squareup.com/us/en), SumUp (https://sumup.com/), and going towards the enterprise end, things like Adyen (https://www.adyen.com/pos-payments). Source: over 2 years ago
  • Can I integrate Stripe terminal with my POS system?
    We'd love to have you! Make your way to stripe.com/terminal and go through the docs. There's a nice sample that uses a simulator to show you how to get it done. Source: about 3 years ago
  • Apple unveils contactless payments via Tap to Pay on iPhone
    Stripe does have a physical terminal too (https://stripe.com/terminal) but I've never seen it at a merchant. - Source: Hacker News / over 3 years ago
View more

What are some alternatives?

When comparing Mercury and Stripe Terminal, you can also consider the following products

Brex - The first corporate card for startups

Square Register - A fully integrated point of sale (POS) system 💰

Wise - Currency exchange Banks and other providers could charge you up to 5% in hidden costs when sending ...

Shopify Tap & Chip Reader - Mobile POS hardware that connects to the rest of Shopify

PENTA - A free and beautiful business bank account in Germany 😍🇩🇪

Stripe Elements - Beautiful, smart checkout flows 💳💸