immad

8 ms·

31.
by immad 7y ago
Yes, we already do that
32.
by immad 7y ago
We have Quickbooks compatible exports. Looking into a deeper integration
33.
by immad 7y ago
The dreaded “analysis fees”! We operate at reasonable unit economics. Free should be sustainable.
34.
by immad 7y ago
That would be a cool feature. We don’t have immediate plans to do this.
35.
by immad 7y ago
We give a lot more for free than normal banks. We only charge for wires because right now we have a high fee with our partner. We will fight to reduce that over time.
36.
by immad 7y ago
The company has to be US incorporated. Customers can be foreign
37.
by immad 7y ago
Yes.
38.
by immad 7y ago
Makes sense. Thanks for clarifying. Is hemp a controlled substance federally too?
39.
by immad 7y ago
That’s part of the plan!
40.
by immad 7y ago
ACH fraud protection is available to Mercury customers. I believe you have 90 days to reverse an ACH. Customers do have better protection than businesses but in reality most banks extend the same rules to both.
41.
by immad 7y ago
ACH - a basic account can’t have this protection. We have an idea for an account that is for sending only that is always 0-balanced. That’s not live yet, but perhaps it would satisfy your request. Check - you can send a check to a specific
42.
by immad 7y ago
Awesome. Please email me and I can update you when that’s live.
43.
by immad 7y ago
Nope. Though we can only send debit cards within the US
44.
by immad 7y ago
Unfortunately not. Until federal laws change (which might be soon) we can’t bank anything marijuana related.
45.
by immad 7y ago
Hi, Do you mind sending me your email, and the picture that failed. Sorry about that.
46.
by immad 7y ago
Our previous business was an Ad Network. Which is partly what inspired Mercury
47.
by immad 7y ago
We will have web based mobile deposits. But yes, mobile app would be better and we are on it. Xero support should be live with Plaid in 2-3 weeks.
48.
by immad 7y ago
The best way to do it as a startup is to be partnered with an existing bank. To get your own charter is a long and expensive process. Partnering with a bank is relatively speaking not too bad. I spent 3 months talking to about 60 banks befo
49.
by immad 7y ago
Sorry! I hear Nubank is great though.
50.
by immad 7y ago
Mobile Apps: iOS or Android or both? Any particular feature you are looking. Xero/Intuit: Which one do you use or do you need both?
51.
by immad 7y ago
If you have a ton of checks (>10/month) we are probably not the best solution at the moment. We are going to have web based check deposit going live next week and mobile in the near term.
52.
by immad 7y ago
- Analytics: Good question. Currently we are planning to do just our GUI. But not closed to the idea of having an API for it. - API: anyone will have access to it. - Support: We have a number and we do Intercom chat. It's mostly manned
53.
by immad 7y ago
1) $35/int-wire. We aren't currently competing on fees/exchange here. But the UI is great and we should have APIs for international wires soon. 2) We support Authy, Authenticator and other apps that support TOTP.
54.
by immad 7y ago
Reposting from another comment: The company has to be incorporated in the US. But the founder can be foreign. Unfortunately banking is a very geo by geo thing in terms of regulation, payment rails, banking partnerships etc. We don't ha
55.
by immad 7y ago
Repost from another comment: Banks make money on deposits and thats their primary source of revenue. We have a rev-share with the bank on deposits revenue. Most of the time there is no good reasons for there to be any fees in our opinion.
56.
by immad 7y ago
We don't do MSBs on the website, but we can support them in theory. Just need extra diligence docs. Send me an email and we can try to make it happen.
57.
by immad 7y ago
The company has to be incorporated in the US. But the founder can be foreign. Unfortunately banking is a very geo by geo thing in terms of regulation, payment rails, banking partnerships etc. We don't have any immediate plans to launch
58.
by immad 7y ago
:)
59.
by immad 7y ago
Not yet. If you drop me an email I can send you an update when we do. Also let me know what your specific use case is.
60.
by immad 7y ago
Good question. Yes. Probably not in the next month or so, but definitely soon after that. This is especially useful for credit card transactions since we don't offer one at the moment.

More ›