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Try out Novo [1] https://banknovo.com https://banknovo.com

by tmcpro 6y ago

nelzya 6y ago
https://www.trustpilot.com/review/banknovo.com https://www.trustpilot.com/review/banknovo.com
- wharlow9 6y ago
  Would definitely use app store rating as a proxy for quality of product over Trustpilot: https://apps.apple.com/us/app/novo-business-banking/id1375554760 https://apps.apple.com/us/app/novo-business-banking/id137555... -- 4.7/5 stars and 1.5k reviews vs 2.2/5 and only 39 reviews
  - SheinhardtWigCo 6y ago
    For a banking provider? I would not trust either of these. They're both trivially gamed.
vageli 6y ago
Just noticed their banner says, "Welcome Azlo Customers!" Pretty brilliant.
tylermenezes 6y ago
I have a very ordinary LLC and Novo rejected my application for no obvious reason, with no details whatsoever. I don't think I have anything unusual going on, so IDK how easy they actually are to work with. Mercury is another option but my experience has been that some of their offerings are at best misleading (I would argue they're deceptive), and they can't do normal things like export a QBX statement to reconcile into Netsuite, you have to write your own stuff from scratch using their API.
- immad 6y ago
  (I am the ceo of Mercury) We do have an export feature. Let me know what its missing (email in bio). Also, what did you think was misleading? We try to be fairly straightforward and transparent with everything we offer.
  - texasbigdata 6y ago
    Does it export in all formats likes he’s claiming it doesn’t? Can you point to documentation? Usually, and not always, when someone makes a shadiness it’s directionally hinting at someone.
    - immad 6y ago
      We have a QB export compatible file. It's an export button on the top of our transactions page and has date, description, amount, status, bank description, reference and notes as column. I don't think we have specific documentation of that feature, but I am happy to demo it. Our api documentation is here: mercury.com/api. I am sure there is something specific Tyler was talking about. Would love to learn what it is so we can fix it.
      - texasbigdata 6y ago
        He specifically said Netsuite and not Quickbooks but to be fair thank you for responding and clarifying with detail.
        immad 6y ago
        The parent mentioned QBX statement, which is a Quickbooks format. Its a fairly standard format used across different accounting software.
  - tylermenezes 6y ago
    Exporting -- unless I'm missing something, it's only possible to export a CSV for transactions matching a filter. For better or worse, QBO etc formats are the standard for importing a statement to reconcile and there's extra friction each month to import a CSV. Misleading -- Tea Room (for us) does almost nothing which was advertised: - Treasury was marketed to be available to everyone who isn't taxed as a sole proprietor. We're a non-profit, and found out after moving all our money that we weren't eligible. I asked support to clarify this, and it looks like they've removed /all/ information about eligibility from the site which is a small improvement I guess. - There don't seem to be any startup deals for Tea Room members. There isn't anything on the page on the site for Tea Room. - We haven't gotten any tea. (I don't actually care about that, but come on, it's in the name.) We moved to Mercury because Treasury would have been immensely useful to us. In all other ways BofA is /fine/ and we would not have moved if it were advertised honestly. I think it's deceptive because none of this was obvious to us before we planned out a migration and wired the $270k over to get access.

Try out Novo [1] https://banknovo.com https://banknovo.com

by tmcpro 6y ago

Try out Novo [1] https://banknovo.com https://banknovo.com

nelzya 6y ago

https://www.trustpilot.com/review/banknovo.com https://www.trustpilot.com/review/banknovo.com

wharlow9 6y ago
Would definitely use app store rating as a proxy for quality of product over Trustpilot: https://apps.apple.com/us/app/novo-business-banking/id1375554760 https://apps.apple.com/us/app/novo-business-banking/id137555... -- 4.7/5 stars and 1.5k reviews vs 2.2/5 and only 39 reviews
- SheinhardtWigCo 6y ago
  For a banking provider? I would not trust either of these. They're both trivially gamed.

vageli 6y ago

Just noticed their banner says, "Welcome Azlo Customers!" Pretty brilliant.

tylermenezes 6y ago

I have a very ordinary LLC and Novo rejected my application for no obvious reason, with no details whatsoever. I don't think I have anything unusual going on, so IDK how easy they actually are to work with. Mercury is another option but my experience has been that some of their offerings are at best misleading (I would argue they're deceptive), and they can't do normal things like export a QBX statement to reconcile into Netsuite, you have to write your own stuff from scratch using their API.

immad 6y ago
(I am the ceo of Mercury) We do have an export feature. Let me know what its missing (email in bio). Also, what did you think was misleading? We try to be fairly straightforward and transparent with everything we offer.
- texasbigdata 6y ago
  Does it export in all formats likes he’s claiming it doesn’t? Can you point to documentation? Usually, and not always, when someone makes a shadiness it’s directionally hinting at someone.
  - immad 6y ago
    We have a QB export compatible file. It's an export button on the top of our transactions page and has date, description, amount, status, bank description, reference and notes as column. I don't think we have specific documentation of that feature, but I am happy to demo it. Our api documentation is here: mercury.com/api. I am sure there is something specific Tyler was talking about. Would love to learn what it is so we can fix it.
    - texasbigdata 6y ago
      He specifically said Netsuite and not Quickbooks but to be fair thank you for responding and clarifying with detail.
      - immad 6y ago
        The parent mentioned QBX statement, which is a Quickbooks format. Its a fairly standard format used across different accounting software.
- tylermenezes 6y ago
  Exporting -- unless I'm missing something, it's only possible to export a CSV for transactions matching a filter. For better or worse, QBO etc formats are the standard for importing a statement to reconcile and there's extra friction each month to import a CSV. Misleading -- Tea Room (for us) does almost nothing which was advertised: - Treasury was marketed to be available to everyone who isn't taxed as a sole proprietor. We're a non-profit, and found out after moving all our money that we weren't eligible. I asked support to clarify this, and it looks like they've removed /all/ information about eligibility from the site which is a small improvement I guess. - There don't seem to be any startup deals for Tea Room members. There isn't anything on the page on the site for Tea Room. - We haven't gotten any tea. (I don't actually care about that, but come on, it's in the name.) We moved to Mercury because Treasury would have been immensely useful to us. In all other ways BofA is /fine/ and we would not have moved if it were advertised honestly. I think it's deceptive because none of this was obvious to us before we planned out a migration and wired the $270k over to get access.