# Fasset vs Mercury
> Mercury requires a US legal entity and does not serve Bangladesh, Pakistan or Indonesia. Fasset banks the local entity instead.
Canonical: https://fasset.com/business/compare/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.

- Open an account
- See the demo

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 rail Included 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.

- **If you have a Delaware C-corp:** Mercury is a well-built product with a strong reputation among US-based startups. Fasset does not compete for that customer, and won't pretend to.
- **If your company is registered locally:** Fasset exists for the founder in a market the incumbents skipped, who Mercury has already told no, in some cases more than once.

## 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.

- **Business** ($29 a month): For teams scaling payments and payroll
- **Enterprise** (Custom): For high volume and multi-entity operations

## 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.

- Open an account
- See the demo

Client funds are held separately from Fasset’s own.