Mercury vs Wise Business
On cashback Mercury wins (up to 1.5%); for spending abroad FX markup matters, and Wise Business does better (0% vs 3%). Neither wins across the board: weigh the points above against your use case before choosing between Mercury and Wise Business.
| Mercury | Wise Business | |
|---|---|---|
| Tier | S | A |
| Rating | ★ 4.8 | ★ 4.4 |
| Estimated net annual cost | €0 | €0 |
| Account fee | Free | Free |
| IBAN | condiviso | dedicato · BE, GB, US, AU, NZ, SG, HU, RO, TR |
| Multi-currency | No (single currency) | Yes · 40 currencies |
| Outbound transfers to third-party IBANs | Yes | Yes |
| Utility direct billing | No | No |
| SEPA direct debit (SDD) | No | No |
| On-chain crypto withdrawal | No | No |
| Interest on balance | 3.61% | 1.8% |
| ATM withdrawal | not declared | not declared |
| Fund custody | Custodial (platform holds funds) | Custodial (platform holds funds) |
| KYC | Full | Full |
| Supported countries | US · 1+ countries | EEA, UK, US, APAC, LATAM · 160+ countries |
| Regulator | FDIC partner banks | FCA |
| OAM Italy registration | No | — |
| Segment | B2B | B2B |
| SEPA transfer | — | €8 |
| Regions | US | EU/EEA, UK, US, APAC, LATAM |
| Licences & safety | Banking partner (Choice Financial Group, Evolve Bank) | EMI multi-paese |
Frequently asked questions
Mercury vs Wise Business: which is better?
On cashback Mercury wins (up to 1.5%); for spending abroad FX markup matters, and Wise Business does better (0% vs 3%). Neither wins across the board: weigh the points above against your use case before choosing between Mercury and Wise Business.
Which is cheaper, Mercury or Wise Business?
On the standard spending profile Mercury has the lowest net annual cost: €0 versus €0 for Wise Business.
Which offers more cashback, Mercury or Wise Business?
Mercury has the highest cashback: up to 1.5%. Note the top rate often requires token staking and is subject to spending caps.
Is Mercury custodial or self-custody?
Mercury is custodial: funds are held by the platform, while Wise Business is custodial.
Which is better for spending abroad?
For foreign-currency spending Wise Business wins, with the lowest FX markup: 0%.