Mercury Bank experiences?

[crazyJon]

Hey guys,

I am currently forming a new LLC in the states and got a recommendation about this Mercury Bank.

I saw a few good reviews. The website claim (almost) everything free. And yes, the biggest advantage for a person from Europe - they do NOT require a PERSONAL VISIT.

Sounds a little good to be true.

Don't you have guys any experiences with them?

I need just a bank account to receive Stripe payouts, that's about all.

 

[Monzani]

if your clients are American it's a good option...they didn't warn me about it and I couldn't prove that I had American clients, so they closed my account

if your business has American customers is a valid option, it seems reliable

 

[crazyJon]

My clients (customers) are all over the world. But all the payments will be collected by Stripe (credit card payments). So the Mercury bank will deal with only 1 other business and that is US Stripe.

I believe they don't care what payments (and from who) I am getting to my stripe account - that is just between me and Stripe. I hope

 

[Crazycam727]

As long as you have some American customers, it’s a good idea.

The reason they require them is a legal reason I think.

For example, it would be in a very grey tax and legal area if you set up a US LLC, but conducted business all in the U.K. with U.K. customers only.

So I think that’s why. Their support is always very helpful

 

[crazyJon]

As long as you have some American customers, it’s a good idea.

The reason they require them is a legal reason I think.

For example, it would be in a very grey tax and legal area if you set up a US LLC, but conducted business all in the U.K. with U.K. customers only.

So I think that’s why. Their support is always very helpful

Hmm ok now I am starting to be a little nervous. Are you guys both referring to clients/customers who are in DIRECT CONNECTION with mercury bank? I mean clients that SEND MONEY TO BANK ACCOUNT? If so, it's ok! But if "overall clients outside the states" that might be an issue for me!

But a good point - I am gonna ask this on support! Will let you know.

 

[WPninja]

From where you form the LLC?

 

[crazyJon]

delawareinc.com why?

/// or you mean my home country? It's Slovakia, Europe

 

[crazyJon]

Ok guys, I reached the mercury bank support (nice to know they reply also during the weekends, doesn't feel like working with a regular old-school bank).

They don't care where are my customers from since all the money to their bank will be coming only from one "customer" and that is Stripe - with a regular, well-known US company.

So that's great. Already signed for the account. Super-simple process. Now I will see how long it will take to open the account and send my card.

Will keep you posted

 

[Edibb]

Ok guys, I reached the mercury bank support (nice to know they reply also during the weekends, doesn't feel like working with a regular old-school bank).

They don't care where are my customers from since all the money to their bank will be coming only from one "customer" and that is Stripe - with a regular, well-known US company.

So that's great. Already signed for the account. Super-simple process. Now I will see how long it will take to open the account and send my card.

Will keep you posted

Hey bro, are you eligible for creating a stripe account? Which country are you from, and did you created the stripe acc with the USA LLC ?

 

[Konzi]

Mercury is great. Use them myself for a few things. Nothing sketchy about it if your US

 

[doomer3wx]

Mercury is great. Use them myself for a few things. Nothing sketchy about it if your US

what documents rquired to verify the account?

 

[doomer3wx]

Ok guys, I reached the mercury bank support (nice to know they reply also during the weekends, doesn't feel like working with a regular old-school bank).

They don't care where are my customers from since all the money to their bank will be coming only from one "customer" and that is Stripe - with a regular, well-known US company.

So that's great. Already signed for the account. Super-simple process. Now I will see how long it will take to open the account and send my card.

Will keep you posted

how much cost to form llc