Get banking that was built to support eCommerce
CronosNow both uses and recommends Mercury.com banking stack* for eCommerce. Their feature-rich, easy-to-use online banking platform is perfect for eCommerce and will make your life so much simpler.
Mercury is the banking stack for ecommerce.
Mercury is the banking stack for ecommerce. Get FDIC-insured US accounts, virtual and physical debit cards, currency exchange, and domestic and international wires.
Connect to payment processors (Stripe, PayPal, Shopify, etc.) and instantly create virtual debit cards for inventory and ad spend. You can easily create an account from your laptop, and non-US citizens are welcome to apply.
And you can keep growing with Mercury, whether you’re supercharging your fundraise with minimally dilutive loans from Mercury Venture Debt, meeting investors, mentors, and other founders through Mercury Raise DTC, or getting matched with the right financing options for your business with Mercury Capital.
*Mercury is a financial technology company, not a bank. All banking services provided by Evolve Bank & Trust®️; Member FDIC.
See what Xero can do for
your eCommerce business
All our clients and anyone who has booked a Free Strategy Call with us will get $500
back from Mercury.com when they spend $10k on your Mercury debit card within 90 days.
Book a call with us and signup for Mercury.com
See what Mercury.com can do for your eCommerce business
Xero offers feature-rich accounting software solutions. These are some of our favourite product features:
Connect to any payment processor
Link seamlessly with pretty much every U.S. payment processor and connect to other financial tools you use every day for such as Gusto, Stripe and more.
Send and receive money globally
Make and receive wire transfers globally and generate virtual cards for instant online payments with a few clicks on your dashboard.
Sync you bank account with Xero
Sync your bank account with Xero to ensure easy and accurate data matching to keep your books in tip top shape.
Open an FDIC-insured U.S. bank account without stepping foot outside your door. Open your account right from your laptop without needing to visit the USA.
Get checking and savings accounts, cards, and payments without the minimums or hidden fees. Mercury accounts are free. They don’t have minimum balances, account opening fees, or monthly fees.
Keep secure with state of the art 2-factor authentication and full activity logs and control what features employees can access on your online banking profile.
Why we have partnered with Mercury.com
At CronosNow, we are all about gaining efficiencies for our clients accounting processes, resulting in saving time and therefore saving you money! With Mercury.com you can create multiple virtual and physical debit cards that all link up and pull data into ONE XERO BANK ACCOUNT. Very few banks offer this valuable and time saving feature.
Many of our clients who come to us with multiple bank accounts and credit cards exceed our financial account limitations and incur additional fees as we need to do a reconciliation for each separate account. By moving to Mercury.com these clients can reduce their accounting fees between $50 to $200 per month. That’s what we do here at CronosNow, we find ways to do things more efficiently and pass the cost savings along to our clients.
Other important aspects for our clients:
- Opening a bank account at most banks in the USA requires a physical visit, being able to open your account online is a game-changer especially for our international clients.
- We find that international wire transfers are important for paying manufacturers and suppliers for most ecommerce sellers and Mercury.com’s international wire fees are often the cheapest option
- Mercury.com provide a reliable and clean data feed to Xero, this means we spend less time fixing bank feed issues which means you save money again.
- With Mercury, you get Start-up and eCommerce focussed perks and not some generic points system that you never benefit from!