Fasset vs Mercury
Mercury is excellent banking, built for a Delaware C-corp. It requires a US legal entity, and it does not serve companies registered in Bangladesh, Pakistan or Indonesia. If your business is incorporated locally, Fasset banks it instead.
Client funds are held separately from Fasset’s own.
Does your company qualify for an account at all?
With Mercury, entity type decides the comparison before any fee does. Competitor details checked September 2026.
| What matters | Fasset | Mercury |
|---|---|---|
| Entity required | Your local entity, confirmed at signup | A US legal entity |
| Available to Bangladesh-registered companies | Confirmed at signup, country by country | No |
| Available to Pakistan-registered companies | Confirmed at signup, country by country | No |
| Available to Indonesia-registered companies | Confirmed at signup, country by country | No |
| Available to UAE-registered companies | Confirmed at signup, country by country | Requires a US legal entity |
| International founder program | Built for markets the incumbents skipped | Exited several international founder markets |
| Monthly fee | $29 on the Business plan | Check Mercury's pricing page |
| Receiving USD | $10 per incoming USD wire on the Business plan | Check Mercury's pricing page |
| USDT railIncluded with every Fasset account | Yes, settles in about 20 seconds, priced per plan | No USDT rail |
Fasset figures are Business plan launch pricing and may change; other plans are on the pricing page. Competitor details checked September 2026. Mercury figures are drawn from its public entity and eligibility requirements; for its current fee schedule, see Mercury's own pricing page.
When Mercury is the better choice
This one isn't close, in either direction, depending on where you're incorporated.
Two plans, both priced in full
Business for most teams, Enterprise when volume, entities or corridors outgrow it. Launch pricing, with every fee on the pricing page.
Common questions
Can I open a Mercury account if my company is registered in Pakistan?
No. Mercury requires a US legal entity, and does not serve companies registered in Bangladesh, Pakistan or Indonesia. Fasset Business banks the local entity directly, in the market it's actually registered in.
Why did Mercury stop serving some international founders?
Mercury has exited several international founder markets over time. We can't speak to its reasons, only to the fact that a company registered outside the US cannot rely on a Mercury account today, which is exactly the gap Fasset Business is built to fill.
Does Fasset require a US entity?
No. Fasset banks companies directly, wherever availability is confirmed at signup. You don't need a Delaware C-corp or any US presence to open an account.
Is Fasset a bank?
No. Fasset Business is a technology platform, not a bank. Banking, payment and card services are provided by licensed third-party institutions in each market, and client funds are held at those institutions, separately from Fasset's own money.
Open your account
The application runs entirely online. Or walk through the product first, with sample data and no signup.
Client funds are held separately from Fasset’s own.