# Arc vs Mercury

Source: https://nachonacho.com/compare/arc-vs-mercury

Choose Arc if your tech company wants cash management alongside access to a network of debt lenders; choose Mercury if you want free business checking and savings with built-in invoicing, bill pay, and expense tools. Both currently accept account applications. Arc’s move to Axos has not shut down its platform.

## At a glance

| | Arc | Mercury |
| --- | --- | --- |
| Financing | Debt raises through a 200-plus lender network | Mercury Venture Debt and working capital loans |
| Accounts | Business, Wallet, Reserve, and Treasury accounts | Business checking and savings accounts |
| Plans | Essentials, Premium, Enterprise | Mercury, Plus, Pro |
| Account and plan pricing | Business account has no opening, minimum-balance, or usage-based fees; paid-plan prices not published | $0/month base; Plus $29.90/month and Pro $299/month with annual billing |
| Treasury access | Brokerage investments and automated T-bill laddering | Treasury unlocked with a $250,000 Mercury balance |
| Deposit insurance | Up to $2.5 million FDIC eligibility through Treasury cash sweep; Business account subject to pass-through rules | Up to $5 million FDIC insurance through partner-bank sweep networks |
| Invoicing and bill pay | Not published | Built-in invoicing and bill pay |
| Accounting integrations | QuickBooks Online and Xero | QuickBooks, Xero, and NetSuite |
| Payments | Unlimited free ACH and wires | Free USD ACH and domestic and international wires |
| Cards | Virtual and physical debit cards | Debit and corporate credit cards |
| Platforms | Web dashboard | Web dashboard; iOS and Android apps |
| Support | 24/7 email, phone, and Slack; Premium relationship manager | Plus priority support; Pro relationship manager |

## Which to choose

### Choose Arc if

- Tech companies seeking financing through a lender network
- Teams that want automated T-bill laddering
- Companies needing a lender-controlled DACA account

### Choose Mercury if

- Businesses seeking $0-per-month checking and savings
- Teams that want built-in invoicing and bill pay
- Businesses seeking a corporate credit card with expense controls
- Teams that need iOS and Android apps

## Verdict

The deciding factor is how you want to manage financing and day-to-day finance work. Arc is the better fit for a technology company seeking a debt raise through multiple lenders, with cash management and treasury in the same platform. Mercury is the better fit for a business that wants a $0-per-month checking and savings account with invoicing, bill pay, and accounting integrations built in. Compare treasury eligibility and paid-plan terms separately before choosing.

## Questions

### Can I still open an Arc account after its Axos announcement?

Yes. Arc still offers account applications and says its platform and existing customer terms remain in place following its announcement that it is joining Axos.

### Which costs less to get started, Arc or Mercury?

Mercury publishes a $0-per-month base plan. Arc says its Business account has no opening, minimum-balance, or usage-based fees, but does not publish prices for its paid memberships.

### How do Arc and Mercury differ for venture debt?

Arc helps companies seek financing through a network of more than 200 lenders. Mercury offers its own Venture Debt product for eligible companies, subject to its lending criteria.

### Do both Arc and Mercury offer treasury products?

Yes. Arc offers Treasury brokerage investments, including automated T-bill laddering. Mercury offers Treasury to eligible account holders with a $250,000 Mercury balance. Investments are not the same as insured bank deposits.

### What FDIC coverage do Arc and Mercury publish?

Arc publishes up to $2.5 million in FDIC insurance eligibility through its Treasury cash sweep, subject to program conditions; its Business accounts have separate pass-through insurance rules. Mercury publishes up to $5 million through its partner-bank sweep networks.

### Which has more built-in tools for everyday finance work?

Mercury publishes built-in invoicing, bill pay, reimbursements, and accounting integrations. Arc publishes cash management, cards, accounting integrations, and financial analysis tools.

### Can I use Arc or Mercury on my phone?

Mercury publishes iOS and Android apps. Arc publishes access through its web dashboard; a dedicated mobile app is not published on the vendor pages reviewed.

### Do Arc and Mercury integrate with accounting software?

Yes. Arc documents connections to QuickBooks Online and Xero. Mercury lists QuickBooks, Xero, and NetSuite integrations.

## Product pages

- Arc: https://nachonacho.com/product/deal-arc
- Mercury: https://nachonacho.com/product/mercury