# Ecommerce banking, cards, and capital With all your finances in one place, you can focus on growing your online business. Mercury is a fintech company, [not an FDIC-insured bank](/content/how-mercury-works/index.html). Banking services provided through [Choice Financial Group](/content/legal/choice/sweep-program-deposit-placement-and-custodial-agreement/index.html) and [Column N.A.](/content/legal/column/sweep-program-deposit-placement-and-custodial-agreements/index.html), Members FDIC. Deposit insurance covers the failure of an insured bank. ## Everything you need to run your ecommerce finances Powerful business banking [1](/content/ecommerce#footnote-business-not-a-bank-sans-evolve/index.html), without the hidden fees - Free ACH and wires in USD, plus payments in 40+ currencies for a 1% fee - Auto-transfer rules to organize and allocate your revenue - A single place to manage all of your ecommerce finances Uncapped 1.5% cashback on all credit spend - Access credit cards [2](/content/ecommerce#footnote-business-io-cashback/index.html) on day one for eligible customers - No personal guarantee or business credit history required - Easily create physical and virtual cards with precise spend controls Financial workflows for all the ways your money moves - Drag-and-drop bills to pay your vendors effortlessly - Collect W-9s and file 1099-NEC and MISCs for your contractors [3](/content/ecommerce#footnote-blog-not-tax-advisors/index.html) - Create professional invoices for your wholesale customers ## Cash to fund what’s next? Add to cart. Flat-fee pricing and competitive rates Easy-to-understand terms so you know your true cost of capital. Fixed weekly repayment schedule Forecast your finances without the unpredictability of revenue-based payback. Long-term partnership Get a helpful consultant with ecommerce expertise as you run, grow, and scale. "Mercury is so intuitive and saves us so much time. Plus, free international USD transfers save us a ton of money when we pay our suppliers overseas." Mark Zhang CEO, Manta Sleep "Virtual accounts, accounts with custom names, an app that actually works. You’d think these things would be common sense, but only Mercury truly nails them." Jimmy Hayes Co-founder, Minaal "Mercury makes it quick and easy to monitor my finances with a streamlined, easy-to-use interface and mobile app. My favorite feature is Mercury Bill Pay, which lets me auto-forward all my bills and stay on top of due dates without the stress." Kyle Siegel Founder, Raide ## Trusted by 300K+ ambitious companies and ecommerce businesses ## Perks and tools that put you ahead ## Perks Our perks include deals for QuickBooks, Namecheap, Notion, Slack, and more. ## Tools Explore our suite of free tools like our ecommerce income statement template, invoice generator, and more. ## Frequently asked questions ### What do I need to apply for an account? You’ll need your company’s official formation documents, your IRS-issued EIN document, and a government ID (e.g., a passport or U.S. government identification document – see all acceptable documents [here](https://support.mercury.com/hc/en-us/articles/28770957425172-Gathering-your-documents)) for at least one person with operating control of the business, as well as  any owner with at least 25% ownership of your company. You'll also need to provide some information about your company and its owner with operating control. Customers must be formed and registered in the United States or a U.S. territory, have some type of existing or planned operations in the U.S., and have a U.S. or international address for their principal place of business. This can be a residential address, but may not be a registered agent, P.O. box, or UPS box address. Once you apply, we’ll review to ensure formation documents are up-to-date and that your company satisfies our onboarding requirements. We cannot currently support accounts for businesses with founders or financial controllers living in the countries and regions listed [here](https://support.mercury.com/hc/en-us/articles/28771710754580-Prohibited-countries). For more information on eligibility and required documents, please see this [article](https://support.mercury.com/hc/en-us/articles/28770467511060-Eligibility). ### Can I apply for an account if I’m not physically in the United States or a United States resident? Yes, we’re proud to support U.S. companies founded by people across the globe. Customers must be formed and registered in the United States or a U.S. territory, must have some type of existing or planned operations in the U.S., and have a U.S. or international address for their principal place of business. This can be a residential address, but may not be a registered agent, P.O. box, or UPS box address. We cannot currently support accounts for business with founders or financial controllers living in the countries and regions listed [here](https://support.mercury.com/hc/en-us/articles/28771710754580-Prohibited-countries). We’d love to support residents of more countries over time, so let us know at [hello@mercury.com](mailto:hello@mercury.com) if you live in one of the above countries and we’ll let you know if anything changes. ### Are my deposits FDIC-insured? Mercury checking and savings deposits are FDIC-insured up to $5M [4](/content/ecommerce#footnote-business-fdic-sans-evolve/index.html) through our [partner banks](/content/blog/inside-mercury/how-mercury-works-with-partner-banks/index.html) and their use of [sweep networks](/content/blog/understanding-bank-sweep-network/index.html). As a broader effort, we are working on expanding all coverage even further. You can learn more about FDIC insurance [here](https://www.fdic.gov/deposit/deposits/faq.html). ### Is it secure to use Mercury? Yes, security is a top priority at Mercury. Here are some measures we take to ensure your security: - Require HTTPS on all pages, and use [HSTS](https://en.wikipedia.org/wiki/HTTP_Strict_Transport_Security) to ensure browsers only ever connect to Mercury over a secure connection. - Employ a third party to perform penetration testing each year to check for vulnerabilities. - Hash and store all passwords with the bcrypt algorithm — never as plaintext. - Use time-based one-time passwords for two-factor authentication. We never send authentication codes via insecure channels like SMS. - Encrypt our database and all uploaded images, with additional encryption for sensitive data like social security numbers. - Never store your debit or credit card numbers. [5](/content/ecommerce#footnote-business-cards-sans-evolve/index.html) ### How does Mercury make money? Even though opening a Mercury account is free, we make money in a number of different ways. We earn interest on deposits, foreign exchange processing on international wires, and fees paid on Mercury Treasury [6](/content/ecommerce#footnote-business-treasury-rate-of-return-and-condensed-ria/index.html) and Mercury Venture Debt. Additionally, when you use your debit card or IO credit card [5](/content/ecommerce#footnote-business-cards-sans-evolve/index.html), Visa and Mastercard charge a fee to the merchants — we receive a percentage of this fee, known as interchange. We also have subscription revenue from our financial workflows products and Mercury Personal. ### Can I send checks? Yes, you can send checks for free through your Mercury dashboard by going through the [Send Money](https://app.mercury.com/send-money/payment) flow. For now, we don’t issue checkbooks and third-party checks can’t be drawn on Mercury accounts. ### What is Mercury Working Capital and how do I know if my business is eligible? [Mercury Working Capital](/content/working-capital-loans/index.html) offers loans with competitive terms designed to help ecommerce businesses grow. A working capital loan is a great option for ecommerce businesses who need short-term financing to bridge the gap between outgoing expenses and incoming revenue. These loans are especially useful when gearing up for a busy season (like the holidays) and the funds can help cover expenses such as payroll, rent, inventory purchases, and other short-term liabilities that you might otherwise have trouble covering when dealing with cash flow fluctuations. The best way to find out if you’re eligible for Mercury Working Capital is by going through our quick [eligibility questionnaire](https://app.mercury.com/signup/ecommerce). ## Open your account in 10 minutes or less Powerful banking [1](/content/ecommerce#footnote-business-not-a-bank-sans-evolve/index.html) for ecommerce businesses looking to operate at their best.