Mercury vs Ramp for Property Owners
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Property owners often ask whether to pick Mercury or Ramp. They overlap, but they started in different places: Mercury as a business bank account, Ramp as a corporate card and spend platform. Facts below come from each provider's own pages, read November 3, 2026. Many companies use both, and you can too.
Side by side
| Topic | Mercury | Ramp |
|---|---|---|
| Starts as | Business checking and savings | Corporate card, bill pay, spend control |
| Base price | $0 a month | Free plan $0 per user. Plus is $15 per user plus a platform fee |
| Minimum to open | No minimum balance listed | $25,000 in linked U.S. business accounts |
| ACH and domestic wires | $0 listed | Free wires and same-day ACH through bill pay |
| Deposit protection | FDIC up to $5 million through sweeps at Choice Financial Group and Column N.A. | IntraFi pass-through at First Internet Bank of Indiana, up to the legal maximum |
| Cards | Debit and IO credit cards, no annual fee | Unlimited corporate charge cards, subject to credit approval |
| Interest | Treasury needs a $250,000 balance | 2% APY on checking, variable |
| Real estate page | Yes, with multiple accounts | None found |
Where Mercury is stronger
- A lower bar to open: no minimum balance and a quick application.
- A real estate and construction page that lists multiple accounts and access for property managers.
- Good for several small LLC accounts.
Where Ramp is stronger
- Cards with limits for many people and vendors.
- Invoice approvals and bill pay with workflows on the Free plan.
- Interest on checking balances, which matters if the company holds a large balance.
What neither does
Neither collects rent from tenants, runs leases or holds security deposits. Your property manager's software does that. Neither prepares taxes or K-1s. See the tech stack for your deal.
Using both
A common pattern is a Mercury account for day to day banking and a Ramp card for vendor spend once cash grows. Ramp links to your bank account, so they can work together.
Which one does DoorRaise suggest?
DoorRaise uses one simple cutoff: how much the company expects to keep on deposit. DoorRaise suggests Ramp by default. When the company will keep under $25,000 on deposit, it suggests Mercury. Both are fine, and you can choose either. Ramp's own support page says an applicant needs at least $25,000 in cash across the U.S. business bank accounts linked to the application, which is why the line sits there. DoorRaise deal accounts follow the same suggestion: with Mercury, DoorRaise tracks payouts automatically; with Ramp, distributions go through DoorKeeping's ACH payments or a payout file you upload to Ramp.
Open a Mercury account or apply for Ramp. DoorRaise may earn a referral reward if you sign up through these links.
Related guides: Bank accounts and cards, Is Mercury good for real estate? and Is Ramp good for real estate?.
How DoorRaise fits in
DoorRaise helps sponsors raise equity for apartment buildings from their friends and followers under Rule 506(b) or 506(c), with verified accredited investors only. Investors' purchase money goes into escrow at Enterprise Bank & Trust by wire only, and wire instructions appear once escrow is open. The deal's operating account at Mercury or Ramp is a separate account that you open for the LLC and use after closing. Fees: $1,500 to set up (non-refundable), then $5,000 a year from closing (only if the deal closes). See pricing or how it works.
FAQ
Which is cheaper?
Both list a $0 base plan and free transfers. Compare the add-ons you would use.
Which is safer?
Both are fintechs with partner banks that are Members FDIC. Read each one's deposit terms. See FDIC deposit insurance.
Can I switch later?
Yes. Many owners start with Mercury and add Ramp when their balance grows.
Sources
- Mercury: pricing
- Mercury: real estate and construction
- Ramp: pricing
- Ramp support: applying and signing up (U.S. based)
This article is general information as of November 2026, not legal, tax, banking or investment advice. Provider details come from each provider's own public pages, read on November 3, 2026, and change often, so confirm them before you apply. Ask your own lawyer and accountant. DoorRaise is not a law firm, broker-dealer, investment adviser or funding portal.