Is Mercury or MYOB better?

Neither clearly leads. Mercury starts at Free and MYOB at 12/year, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.

Which is cheaper, Mercury or MYOB?

Mercury has a free tier; the other does not. Paid plans start at Free for Mercury and 12/year for MYOB.

Does Mercury or MYOB run on more platforms?

Mercury runs on Web, Ios, Android. MYOB runs on Web.

Can I use Mercury for free?

Yes. Mercury has a free tier, so you can try it without paying. MYOB starts at 12/year.

What is Mercury best used for?

Mercury is most often used for business banking and payments for startups, managing treasury, invoicing and corporate cards from one account. Of those, business banking and payments for startups and managing treasury, invoicing and corporate cards from one account are not what MYOB is typically brought in for.

What can Mercury do that MYOB cannot?

Mercury covers Business checking, Savings accounts, Virtual cards, Team management.

Accounting · head to head

Mercury vs MYOB

Mercury

Accounting

Banking for startups

From: Free
Rated: -

Full review Website

MYOB

Accounting

Australian accounting and business management software for small and mid-sized businesses

From: 12/year
Rated: -

Full review Website

The short version

Only Mercury has a free tier, so it costs nothing to try first.
Each has a real cost: Mercury treasury access requires a $250,000 balance held with Mercury; MYOB every published price is promotional and reverts to a higher regular rate after an introductory period, for example Business Pro rises from AUD 21/month to AUD 70/month after 6 months
Prices and features above were last checked on 30 August 2026.

Where they differ

Only the attributes on which Mercury and MYOB actually diverge.

Attributes where Mercury and MYOB differ
Attribute	Mercury	MYOB
Starting price	Free	12/year
Pricing model	freemium	subscription
Free tier	Yes	No
Platforms	Web, Ios, Android	Web
Founded	2019	Unknown

Identical on both: user rating (Not yet rated), category (Accounting).

What each one covers

Drawn from each product's published feature list. An absence here means we hold no record of it - not that the product lacks it.

Only in Mercury

Business checking
Savings accounts
Virtual cards
Team management
API access
QuickBooks
Xero
Stripe

Only in MYOB

Nothing recorded that Mercury does not also cover.

What people use each for

The jobs each tool is most often brought in to do.

Mercury

Business banking and payments for startupsnot MYOB
Managing treasury, invoicing and corporate cards from one accountnot MYOB

MYOB

Tracking income and unlimited expenses for tax lodgementnot Mercury
Processing payroll with automated superannuation contributionsnot Mercury
Managing GST compliance and Business Activity Statement filingnot Mercury
Reconciling bank transactions and monitoring cash flownot Mercury

Where each one falls short

Documented limitations, not opinions. Every one is a constraint you would hit in normal use.

Mercury

Treasury access requires a $250,000 balance held with Mercury
Non USD international wires carry a 1% conversion fee
Choosing OUR wire coding, which covers intermediary bank charges, costs $15 per wire
ACH invoicing is $1 per transaction on Mercury Plus and only free on the $299 a month Pro plan
Advanced and recurring invoicing require Mercury Plus at $29.90 a month

MYOB

Every published price is promotional and reverts to a higher regular rate after an introductory period, for example Business Pro rises from AUD 21/month to AUD 70/month after 6 months
Adding payroll employees beyond the included allowance costs an extra AUD 3/month per additional employee on top of the plan price

Pricing, plan by plan

Mercury

Free

Mercury (Free)Free
- ACH payments
- Domestic wires
- Real-time payments
Mercury Plus$29.9/month
- Invoice ACH debits
- Recurring invoices
- Invoicing API (500/month)
Mercury Pro$299/month
- All Plus features
- Relationship manager
- Free ACH invoice debits

MYOB

12/year

Solo by MYOB$99/year
- First year $12 (70% off)
Business Lite$315/year
- First year $94.50 (70% off)
- Payroll $3/month per employee max 2
Business Pro$70/month
- First 6 months $21 (70% off)
- Unlimited payroll employees
- 14-day free trial
Business AccountRight Plus$165/month
- First 3 months $66 (60% off)
- Unlimited payroll
- 14-day free trial

Which should you pick?

Choose Mercury if

You need business checking.
You want to start without paying.
You work on Web, Ios, Android.
You also want savings accounts.

Mercury review

Choose MYOB if

Nothing in the data separates MYOB from Mercury on the points above - pick on price and on how each one feels to use.

MYOB review

Questions people ask

Is Mercury or MYOB better?: Neither clearly leads. Mercury starts at Free and MYOB at 12/year, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
Which is cheaper, Mercury or MYOB?: Mercury has a free tier; the other does not. Paid plans start at Free for Mercury and 12/year for MYOB.
Does Mercury or MYOB run on more platforms?: Mercury runs on Web, Ios, Android. MYOB runs on Web.
Can I use Mercury for free?: Yes. Mercury has a free tier, so you can try it without paying. MYOB starts at 12/year.
What is Mercury best used for?: Mercury is most often used for business banking and payments for startups, managing treasury, invoicing and corporate cards from one account. Of those, business banking and payments for startups and managing treasury, invoicing and corporate cards from one account are not what MYOB is typically brought in for.
What can Mercury do that MYOB cannot?: Mercury covers Business checking, Savings accounts, Virtual cards, Team management.

Answered from the vendors’ own pages

Mercury: Is Mercury business banking free?

Mercury's base banking tier is free and includes ACH payments, domestic wire transfers, real-time payments, Bill Pay, and QuickBooks/Xero automations at no monthly cost.

Source

MYOB: How much does MYOB cost?

MYOB pricing starts at $12 AUD per year (first year only) for Solo, with plans ranging to $165 AUD per month for AccountRight Plus after introductory periods expire.

Source

Mercury: What does Mercury Plus add beyond the free tier?

Mercury Plus costs $29.90 per month and adds invoice ACH debits, recurring invoice capabilities, invoicing API with 500 calls per month, unlimited 1099 filings, and access to partner benefits.

Source

MYOB: What is MYOB's introductory pricing?

MYOB offers 60-70% off introductory pricing for the first 3-12 months depending on plan selection, after which regular pricing applies with no lock-in contracts.

Source

Mercury: Does Mercury charge monthly account fees?

No, Mercury states there are no minimum account balance requirements, overdraft fees, required monthly fees, or account opening fees. The free tier includes essential business banking, with paid tiers available for additional features.

Source

MYOB: Does MYOB include payroll pricing?

Payroll starts at $3/month per employee (limited on lower tiers) and is included unlimited on Business Pro and AccountRight Plus plans.

Source

Mercury vs MYOB

Mercury

MYOB

The short version

Where they differ

What each one covers

Only in Mercury

Only in MYOB

What people use each for

Mercury

MYOB

Where each one falls short

Mercury

MYOB

Pricing, plan by plan

Mercury

MYOB

Which should you pick?

Choose Mercury if

Choose MYOB if

Questions people ask

Answered from the vendors’ own pages

Related pages

More on Mercury

More on MYOB

Keep looking

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