Whether you’re paying employees, vendors, or similar, you have the option to send ACHs, wires or checks right from your Mercury dashboard through the Send Money flow. Below is an overview of the payment types available, how they differ, and links for further information.
ACH payments
An ACH (Automated Clearing House) payment is an electronic funds transfer system in the United States that allows you to send money from one U.S bank account to another. It's a secure and convenient way to make payments and takes a few business days.
Domestic wires
Domestic wires are typically sent same business day and involve the transfer of money electronically from one bank or financial institution to another. Always sent via USD to another U.S bank, domestic wires are a fast and secure payment method.
Check payments
Paper checks (along with attachments) can be mailed directly from your Mercury account to U.S.-based recipients. Typically printed within a business day, and then sent via USPS, checks take up to 10 business days to arrive at their final destination.
Processing times and payment errors
Processing times will vary based on payment type, cutoff times and whether the payment is incoming or outgoing.
If you're encountering errors with a failed/returned payment, there are a few reasons and ways to troubleshoot we've outlined here.
Similarly, you may run into an error related to undeliverable addresses when creating a brand new payment. We use an address verification software called LOB to double-check the deliverability of an address and it'll often flag newer or incorrectly formatted addresses but there are a few ways we recommend fixing undeliverable addresses.