BILL Spend & Expense vs. Mercury

Last verified 32 days ago · 16 sources · Updated automatically

BILL Spend & Expense and Mercury compared across Company facts, Pricing, Card & limits, Rewards & cash back, Spend management, Security & compliance and Platform & integrations — every fact sourced and re-verified from each vendor's public material.

BILL Spend & Expense

Formerly Divvy — free corporate cards with real-time budgets and expense automation for small and mid-sized businesses.

HQ San Jose, CA

Visit BILL Spend & Expense Full profile

Mercury

Business banking with the balance-funded IO card — the simplest card add-on if you already bank with Mercury.

Founded2017

HQ San Francisco, CA

Visit Mercury Full profile

Attribute

BILL Spend & Expense

Mercury

Company facts

Headquarters

San Jose, CA BILL Holdings headquarters.

San Francisco, CA

Employees

3.4k BILL Holdings total headcount (~3,350, mid-2026).

1k Mercury states 1,000+ employees

Pricing

Starting Monthly Price (USD)

$0 Free software; no subscription or per-user fees. Revenue via interchange.

$0 Free Mercury plan; IO card has no annual fee and no per-user software charge

Paid Tier Price (USD/user/mo)

—

$29.9 Mercury Plus, $29.90/mo (or $23.95/mo billed annually)

Card & limits

Card Type

charge card Pay-in-full charge card, no revolving balance/APR.

charge card Cash-underwritten charge card; balance paid off each pay period

Card Network

Visa BILL Divvy Card runs on Visa (tap-to-pay with Visa, Apple Pay, Google Pay).

Mastercard

No Personal Guarantee

Underwritten on business financial health, not a personal guarantee.

No personal guarantee and no personal credit check

Limit Basis

cash balance & revenue Credit line based on business financial health; $1,000-$5M range.

account balance Cash-underwritten: IO balance cannot exceed cash held with Mercury (linked external balances may add headroom)

Virtual Cards

Unlimited physical and virtual cards with per-card limits/rules.

Issue physical or virtual cards to the team; start spending immediately with virtual cards

No Foreign Transaction Fees

Foreign currency / cross-border fees may apply on international spend.

3% currency conversion fee on non-USD IO transactions

Rewards & cash back

Rewards Model

tiered points Points multipliers by category and payment frequency (up to 7x dining, 5x hotels, 2x software); redeemable for cash back.

flat cash back Unlimited 1.5% cashback on all spend, auto-deposited

Flat Cash-Back Rate

—

1.5%

Spend management

Receipt Capture & Matching

Snap/text receipts; AI auto-matches them to transactions.

Upload/email receipts and Mercury auto-matches them to the right transaction

Approval Workflows & Policies

Custom budgets, assigned card limits, and automated approval workflows.

Company-wide spend policies plus multi-layered approval rules for bill pay

Employee Reimbursements

Out-of-pocket employee reimbursements built in.

Out-of-pocket reimbursements; 5 active users/mo free, more on paid tiers

Bill Pay / AP

Bill pay / AP is a separate BILL product (AP & AR), not part of Spend & Expense.

Free unlimited bill pay via ACH, domestic/international wire, or check

Security & compliance

SOC 2

Annual SOC 2 Type II audit (also SOC 1).

SOC 2 Type II

Platform & integrations

Accounting / ERP Sync

Native sync to QuickBooks, Xero, NetSuite, Sage Intacct.

Native sync to QuickBooks, Xero, and NetSuite

Public API

API listed among platform features; public developer-doc URL not separately verified.

Public REST API — balances, transactions, ACH transfers; plus Accounts Receivable/invoicing API

The verdict

BILL Spend & Expense

Best for maximizing category-spend rewards

BILL runs a tiered-points model with multipliers up to 7x dining, 5x hotels, and 2x software, redeemable for cash back, versus Mercury's flat 1.5%. Its limit is underwritten on cash balance and revenue ($1K-$5M), so revenue history can extend credit beyond cash on hand. It stays fully free with no paid tier.

Full profile

Mercury

Best for combining cards with built-in bill pay

Mercury bundles free unlimited bill pay via ACH, wire, and check, which BILL Spend & Expense leaves to a separate product. It pairs predictable flat 1.5% cash back with a public REST API for balances, transactions, and transfers. The tradeoff: its charge-card limit is capped by cash held with Mercury, and richer reimbursements need the $29.90/mo paid tier.

Full profile

Sources · 16 verified references

investor.bill.com en.wikipedia.org pitchbook.com mercury.com bill.com support.mercury.com

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