Is Mercury or Qonto better?

Neither clearly leads. Mercury starts at Free and Qonto at €9/month, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.

Which is cheaper, Mercury or Qonto?

Mercury has a free tier; the other does not. Paid plans start at Free for Mercury and €9/month for Qonto.

Does Mercury or Qonto run on more platforms?

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

Can I use Mercury for free?

Yes. Mercury has a free tier, so you can try it without paying. Qonto starts at €9/month.

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 Qonto is typically brought in for.

What can Mercury do that Qonto cannot?

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

Accounting · head to head

Mercury vs Qonto

Mercury

Accounting

Banking for startups

From: Free
Rated: -

Full review Website

Qonto

Accounting

French neobank and finance management platform for freelancers, SMEs and businesses

From: €9/month
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; Qonto pricing in EUR only, not USD

Where they differ

Only the attributes on which Mercury and Qonto actually diverge.

Attributes where Mercury and Qonto differ
Attribute	Mercury	Qonto
Starting price	Free	€9/month
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 Qonto

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 Qonto
Managing treasury, invoicing and corporate cards from one accountnot Qonto

Qonto

Business bankingnot Mercury
Team paymentsnot Mercury
Cash flow managementnot Mercury
Multi-currency transfersnot Mercury
Freelancer paymentsnot 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

Qonto

Pricing in EUR only, not USD
Basic tier limited to 30 transfers per month
Add-ons for invoice automation and project tracking cost EUR 12-39/month extra
Business tier minimum commitment for small team accounts
Business plan minimum pricing EUR 49/month vs self-employed EUR 9/month

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

Qonto

€9/month

Basic (Self-Employed)$9/month
- 30 transfers
- 1 physical + 2 virtual cards
- Account remuneration 5% for 2 months
Smart (Self-Employed)$19/month
- 100 transfers
- 2 physical + 50 virtual cards
- Account remuneration
Premium (Self-Employed)$39/month
- 200 transfers
- 2 physical + 50 virtual + 50 Instant cards
Essential (Business)$49/month
- 250 transfers
- 5 physical + 50 virtual cards
- Multiple sub-accounts

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 Qonto if

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

Qonto review

Questions people ask

Is Mercury or Qonto better?: Neither clearly leads. Mercury starts at Free and Qonto at €9/month, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
Which is cheaper, Mercury or Qonto?: Mercury has a free tier; the other does not. Paid plans start at Free for Mercury and €9/month for Qonto.
Does Mercury or Qonto run on more platforms?: Mercury runs on Web, Ios, Android. Qonto runs on Web.
Can I use Mercury for free?: Yes. Mercury has a free tier, so you can try it without paying. Qonto starts at €9/month.
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 Qonto is typically brought in for.
What can Mercury do that Qonto 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

Qonto: How much does Qonto cost?

Qonto's self-employed plans range from EUR 9/month (Basic) to EUR 39/month (Premium). Business plans range from EUR 49/month (Essential) to EUR 199/month (Enterprise).

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

Qonto: What is included in Qonto's Basic plan?

The Basic plan costs EUR 9/month and includes 30 monthly transfers, 1 physical card and 2 virtual cards, plus account remuneration at 5% for the first 2 months.

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

Qonto: What is the difference between self-employed and business plans?

Self-employed plans (Basic to Premium) are for individuals and cost EUR 9-39/month. Business plans (Essential to Enterprise) offer more transfers and cards for teams, ranging from EUR 49-199/month.

Source

Mercury vs Qonto

Mercury

Qonto

The short version

Where they differ

What each one covers

Only in Mercury

Only in Qonto

What people use each for

Mercury

Qonto

Where each one falls short

Mercury

Qonto

Pricing, plan by plan

Mercury

Qonto

Which should you pick?

Choose Mercury if

Choose Qonto if

Questions people ask

Answered from the vendors’ own pages

Related pages

More on Mercury

More on Qonto

Keep looking

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