Mercuryo Review 2024 - Is Mercuryo safe or a scam broker?

The financial technology company Mercury gives startups backed by venture capital a way to do business banking. Mercury users can choose from a number of different business cards. The Mercuryo service makes it easy to buy and sell Cryptocurrency with a credit card. You have to sign up to use the project. Mercuryo offers a website and a mobile app that can be downloaded from Google Play or the AppStore. There are no bills to pay. In our Mercuryo review we will discuss what is Mercuryo its features and products, Mercury payments and other details.

What is Mercury?

Financial technology company Mercury offers basic business banking goods and services that are specifically made for VC-backed startups, especially tech startups. Mercury Bank offers many services, but these are the business credit card and debit card options they provide:

Mercury Business Debit Card – Mercury provides a business debit card that can be used to make purchases and withdraw cash from their accounts via an ATM.
Mercury IO Card – Since it came out in September 2022, Mercury’s business credit card has had “startup-friendly credit limits” and up to 1.5% cashback on all purchases.

The management has included a trial mode so users may try out the service before committing any real money. In this mode, you can purchase up to 300 euros worth of bitcoin and see how different features function. A reduced list of penalties and checks needs to be done. 2FA, which uses the customer’s phone number, email address, and password, keeps wallets safe at Mercuryo. Even though the service has customer reviews and an Estonian license, not all buyers are sure that it will work. Reading the Mercuryo review will help you figure out if Mercuryo is a scam or not.

Mercuryo Review: Features and Products

Mercuryo has a lot of different services. Some of them are already in use, and others are still being worked on. The following are some of the services it offers right now:

Integrated Multicurrency Wallet

In a secure multicurrency wallet, this function is a built-in crypto on-ramp that lets you easily buy, sell, hold, and spend a wide range of digital assets, just like you would with regular currency. It is important to know that customers can only use Visa or MasterCard to buy Cryptocurrency right now. Other card types are not allowed yet. Also, the wallet makes purchases easier, but the company requires proof of identity before a trade can go through. Mercuryo says, though, that the KYC process will only take 15 minutes to finish.

Check out overview of the wallet screen. This is where customers can buy crypto with a credit card by choosing the crypto on the right and the standard cash on the left. The wallet works with a simple app that can be downloaded on both Android and iOS phones. Also, the wallet is easy to set up and add to your app through the API or SDK, and you don’t need to know much about programming to do it.

Mercuryo wallet users can also add money to their accounts by buying Cryptocurrency through their website and app or moving Cryptocurrency from another wallet. Additionally, users can move Bitcoin from their Mercuryo account to another account or blockchain address. For added convenience, users can change crypto to cash through a bank payment.

Custodial Service

One useful feature is that users may retrieve their wallets at any time by providing their identification, eliminating concerns about forgetting passwords, email addresses, phone numbers, or seed phrases.

Business Crypto Payment Widget

Mercuryo has a tool that business owners can use to accept cryptocurrency payments on their websites. People can use the tool to buy and sell crypto for regular money and other currencies. The device is also flexible and can be used by any business because it is a risk-free, easy-to-use, integrated, and adaptable business solution that lets sellers accept regular currency for cryptocurrency sales.

On top of that, the tool lets clients focus on growing their business instead of worrying about small technical details; Mercuryo’s team takes care of the back end. Locked Going in and out. This feature is a method that lets businesses accept cryptocurrency payments, which helps them get new customers.

Crypto in

People can pay for things with coins with this tool, and you can then store the money in crypto or cash on your Mercuryo amount. The fixed cash value is at the point of sale, and as the seller, you can handle payments in either fiat or Cryptocurrency at any time.

Crypto out

Facilitate the withdrawal of fiat money in Exchange for Cryptocurrency for your clients. You can keep your refund amount in cash and add to it with SEPA and SWIFT transfers in any currency, or you can use money that comes in from payments.

Mercuryo can help you with everything, from integrating to settling, keeping an eye on the blockchain, and dealing with volatility issues.

Mobile App

Cryptocurrency can be bought, sold, stored, and paid for on the go with the Mercuryo mobile tool. The app’s easy-to-use interface and automatic proof process operations, such as liquidity, chargebacks, customer service, anti-fraud, and Know Your Customer (KYC) checks, make it quick and easy to create an account.

Referral program

Users can use a recommendation link to get their friends to join the referral program. If those friends buy or sell Cryptocurrency, the user will get 0.5% of the value of that Cryptocurrency.

Supported cryptocurrencies

Mercuryo accepts the following cryptocurrencies:

Among them are:

Bitcoin (BTC)
Bitcoin Cash (BCH)
Ethereum (ETH)
Basic Attention Token (BAT)
Tether
ERC-20 (USDT)
Algorand (ALGO)
Tron (TRX
OKB (OKB)
Dai (DAI)
Elrond (eGLD ERC-20).

Mercuryo lets you use the following currencies to buy crypto and get cash back on your credit card:

EUR
RUB (only for Russian bank cards)
USD

Mercuryo fees and limits

Usually, if the buying and selling rates on crypto platforms are too high, it can cut into your earnings. But Mercuryo clients can be sure that their fee rates are kept low.

Buy and Sell crypto

Mercuryo takes 3.95% when you at Mercuryo buy Crypto and 2.95% when you sell it. It is important to know that Mercuryo does not charge any extra or secret fees. People who buy or sell will be able to see how many cryptocurrencies will be sent to their blockchain address and how much regular currency Mercuryo will charge from their bank account.

The service fee is part of the final price. For example, if a person wants to buy Bitcoin, the least they can send in a single transaction is 0.0003 BTC, and the most they can send in a single transaction is 4,000 EUR, 4,700 USD, or 3,400 GBP. It’s important to remember that the base limits can change depending on things like the fees charged by the network.

Deposits and Withdrawals

Card purchases and withdrawals are subject to the following fees:

Mercuryo charges 3.95% when you use your card to buy crypto.
Mercuryo charges 2.95% when you transfer crypto to your card.
When you withdraw crypto to a card, a minimum fee of 4 EUR, 4 USD, or 50 RUB is applied.

In the table below, you can see the limits for confirmed people.

Buy	Sell
Maximum transaction amount of 4,000 EUR	Maximum amount per 1 transaction – 1,700 EUR/ 2,000 USD/ 150,000 RUB
Daily limit per account 10,000 EUR	Daily limit – 7,500 EUR/ 8,400 USD/ 250,000 RUB (per card)
Weekly limit per account 25,000 EUR	Monthly limit 7,500 EUR/ 8,400 USD/ 600,000 RUB (per card)
Monthly limit per account 25,000 EUR	Number of card transactions per day: 5
Number of card transactions per day: 15	Number of card transactions per month: 50
Transaction limit per 1 card per month 25,000 EUR

Mercuryo Review: Features in progress

There will soon be a new crop of goods available. Some of these are Fintech Crypto SAAS for the banking industry, mass payments for the GIG economy, chatbots, and analytics. But the prepaid VISA card is one of the most-anticipated add-ons for the crypto infrastructure that makes blockchain useful for business.

Card

Mercuryo’s prepaid VISA card will let customers pay for things anywhere in the world with coins. This is one of the services that hasn’t come out yet. More than 40 million stores around the world will take the card. With a VISA card, you can quickly pay for things with Cryptocurrency, and there are no problems, processing, or exchange fees.

The card is tied to the user’s cryptocurrency account, and users can pick between real and fake cards. You can also keep an eye on deals and your money in real-time with the Mercuryo app.

Mercuryo Review: Leading the Way in Web3 Payments

In about 160 countries, Mercuryo has become the best way for over 200 popular apps to use crypto purchases. This partnership is a great chance for Mercuryo to make Cryptocurrency more accessible to more people in the easiest way possible. Our long-term goal is to put the ease of our customers first and to keep improving business services with new goods.

According to Jonathan Myburgh, co-founder of Meteor Wallet, Mercuryo’s easy-to-use on-ramp services make the move from web2 to web3 easier for many users. “Mercuryo shares our excitement about all the things that web3 can do, and we expect its on-ramp services to be quickly adopted by our growing user base.”

Mercuryo Review: Step-by-Step Guide on How to Use Mercuryo

Users can buy and sell different coins using regular money on Mercuryo, a cryptocurrency trading website. It’s easy to use, as shown below:

Sign up for Mercuryo

Sign up for an account on Mercuryo’s website.
Give the required personal information and finish the process of proof.

Verify Your Identity

Mercuryo follows the rules for “Know Your Customer” (KYC).
You’ll need to show proof of who you are, like a government-issued ID and proof of where you live.

Fund Your Account

After being verified, you can use any foreign cash to add money to your Mercuryo account.
Mercuryo usually has a number of ways to pay, such as credit and debit cards, bank transfers, and e-wallets.

Buy Cryptocurrency

Please select the Cryptocurrency that you wish to buy.
Type in the amount of cash you want to spend.
Give the address of the cryptocurrency store where you want the coins to go.
Follow the on-screen steps to finish the transaction.

Sell Cryptocurrency

You can also sell your Cryptocurrency on Mercuryo if you want to.
You may sell cryptocurrencies and get fiat dollars by choosing your preferred option.
You will need to enter the exact amount of Cryptocurrency that you want to sell.
Give information about your bank account or another way you’d like to be paid.

Mercuryo Review: Currency Exchange Platform Mercuryo

MasterCard and Visa credit cards can be used to buy and sell Bitcoin on Mercuryo. You can send any amount of money from anywhere in the world using the website or the app for your phone, which you can get from Google Play and the App Store. You can withdraw Cryptocurrency to any card, even a virtual one. The idea uses a real service to offer swaps at the lowest possible rate. The following are some other good things about Mercurio:

High level of security: They keep some of the money on a number of coin markets and put the rest of it in “cold wallets.”
Favorable rate. Change money at the current exchange rate, which the service gets from the Exchange straight through an API.
Low commissions: One of the lowest fees for transfers in the bitcoin market.
Know Your Customer: Automatic Know Your Customer (KYC) at registering for transactions up to 300 euros.

Mercuryo Review: Mercuryo Payments

The London-based company was started in 2018 with the goal of making it easier to send money around the world. In the near future, the company plans to add a crypto card, Crypto SAAS, Gig solution, and money transfer, among other things.

To bring digital assets and real money together, the company has made a line of products that can be used for both. In fact, the worldwide payment network does offer a smooth way for companies and regular people to move money between fiat currencies and cryptocurrencies. The app also lets you quickly trade your cryptocurrencies for regular currencies like EUR, USD, and RUB.

Mercuryo Review: Why users choose to use Mercuryo.io

Mercuryo is the payment method of choice for many customers because it offers good exchange rates for buying and selling coins. In the same way, the site is easy to use and has a fast exchange rate that shows how good its crypto/fiat on/off ramp is for all of its products.

Additionally, the site has some of the best exchange rates available and is simple to use, especially for people who are new to the cryptocurrency world.

There are also a lot of different ways to pay at the company so that customers can choose from dozens of different currencies and payment methods. To give you an idea, you can buy cryptocurrencies with VISA and Mastercard, as well as Apple Pay, Google Pay, Samsung Pay, and other local payment companies.
Mercuryo is licensed to do business in Estonia under MoneySwap OÜ in Tallinn, and it is also listed as a money service business (MSB) in the US.
Mercuryo is listed with the FCA as a PSD agent in the UK, and the company plans to get an Electronic Money Institution (EMI) license soon. This shows that the company is following the rules set by regulators.
There are also over 200 companies that use and support the company’s gateway solutions. These include well-known crypto companies like Binance, KuCoin, Bybit, Trust Wallet, Bitfinez, and Trezor.

Plus, it has a great referral program that pays users for bringing in new customers. The app has been downloaded over 100,000 times.
In the future, the service intends to include other cryptocurrencies.
The Exchange lets you use a credit card to buy coins on the website or in the app. Add more Cryptocurrency to your wallet by moving it from another account. It’s free to move Bitcoins to a Mercuryo wallet or any other wallet.
Mercuryo pays fees to the blockchain. You can use a bank card to exchange Cryptocurrency for rubles, dollars, and euros. Get incentives from users who were introduced via a referral scheme.

Mercuryo Review: Pros and Cons

The pros and cons of Mercuryo exchange are given below:

Pros	Cons
The platform supports currency exchange from cryptocurrency to fiat currency and vice versa.	Limited deposit options.
A modern up to date mobile wallet that is easy to use.	Not protected by the FSCS.
Major fiat currencies and popular cryptos are supported.
Mercuryo is continuously innovating, for example, the anticipated prepaid Visa card that customers can use to spend cryptocurrency online and in-store.
A generous referral program.
Holds operating licenses registered under MoneySwap OÜ, MSB status in the United States, registered in FCA as a PSD agent in the United Kingdom, and planning to acquire an EMI license.

Mercuryo Review: Is Mercuryo Legit?

Customers who use a site to buy, sell, or store crypto and regular coins put safety and legitimacy very high on their list of priorities. There needs to be a high level of protection when building and running a global banking network. Mercuryo stays up to date on new technologies and ever-changing ways to commit scams in order to do this.

Mercuryo has integrated anti-fraud and compliance solutions and uses risk management techniques, including ongoing enhancements to its anti-fraud systems and transaction monitoring tools.

Furthermore, Mercury strictly follows all rules set by lawmakers, card schemes, and groups such as the Financial Action Task Force (FATF). According to card program rules, the company also regularly checks up on its sellers and business partners to keep its finances and image from getting hurt.

Mercuryo Review- Trustpilot Ratings

There are mixed Mercuryo review on Trustpilot some user gave 5 stars and some 1 star some seemed satisfied and some found it horrible however overall it got 3.2 ratings on trust in Mercuryo review.

Conclusion

Among its many advantages, Mercuryo provides a reliable platform that integrates traditional fiat and crypto payments, making it easy for customers to handle Bitcoin in the same way they would non-cash payments. As an all-in-one payment solution for companies and individuals, it’s also quite user-friendly, so even crypto newbies may benefit from it. When looking for a cryptocurrency wallet, it’s crucial to consider costs, security, and privacy.

Mercuryo’s staff handles liquidity, chargebacks, support, anti-fraud, and KYC checks, allowing customers and businesses to concentrate on development. By streamlining the fiat-to-crypto and crypto-to-fiat exchange processes, Mercuryo facilitates cheaper, faster, and more widely used international money transfers. The company is always coming up with new ideas, and the Visa card is going to be a huge improvement to their payment system as it will allow crypto payments in the real world.