Software Alternatives, Accelerators & Startups

Convex.dev VS Mercury

Compare Convex.dev VS Mercury and see what are their differences

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Convex.dev logo Convex.dev

Global state management for react

Mercury logo Mercury

Mercury is banking* for startups
  • Convex.dev Landing page
    Landing page //
    2023-09-23
  • Mercury Landing page
    Landing page //
    2023-06-17

Mercury offers banking* for startups — at any size or stage. With an intuitive product experience, founders can access free checking and savings accounts, debit and credit cards, domestic and international wire transfers, Treasury, venture debt, and more — and manage their business with confidence. Mercury also offers vibrant community programs that provide founders with the connections, advice, and resources to help them build the next great companies. Launched in 2019, Mercury is trusted by more than 100,000 startups. To learn more, visit Mercury.com.

*Mercury is a financial technology company, not a bank. All banking services provided by Choice Financial Group and Evolve Bank & Trust®; Members FDIC.

Convex.dev

Website
convex.dev
Pricing URL
-
$ Details
-
Platforms
-
Release Date
-

Mercury

$ Details
free
Platforms
Web iOS Android
Release Date
2019 April

Convex.dev features and specs

  • Seamless Deployment
    Convex.dev handles the infrastructure and deployment, allowing developers to focus on building applications rather than managing servers and scaling issues.
  • Real-time Data Synchronization
    Convex.dev provides built-in real-time data syncing which facilitates collaboration features and dynamic applications without additional configuration.
  • Backend as a Service
    Offers a back-end-as-a-service approach, which abstracts database and server management, allowing for rapid development and iteration.
  • Integrated Authentication
    Provides built-in authentication features, simplifying the process of handling user management and security within an application.

Possible disadvantages of Convex.dev

  • Limited Customization
    As a managed service, there may be constraints on customization compared to building a backend from scratch, which might limit certain advanced configurations or optimizations.
  • Vendor Lock-In
    Relying on Convex.dev could lead to a degree of vendor lock-in, making it potentially difficult to switch providers or migrate to self-managed infrastructure in the future.
  • Pricing Complexity
    Potential users might find pricing complex or restrictive depending on usage patterns, especially if there is a high volume of data syncing or transactions.
  • Learning Curve
    Despite its abstractions, new users might encounter a learning curve to fully understand and leverage all of Convex.dev's functionalities effectively.

Mercury features and specs

  • Ease of Use
    Mercury offers a user-friendly interface that simplifies banking for startups and small businesses, making it easy to manage accounts, transfer funds, and monitor transactions.
  • No Monthly Fees
    Mercury does not charge monthly fees or require minimum balances, which is beneficial for new businesses trying to manage their finances effectively.
  • Automated Bookkeeping
    Mercury provides integrated bookkeeping tools, facilitating accounting processes by automatically syncing transactions with popular accounting software like QuickBooks and Xero.
  • FDIC Insured
    Mercury accounts are FDIC-insured up to $250,000 through its partner banks, providing peace of mind regarding the safety of your deposits.
  • Multiple User Accounts
    The platform allows multiple user accounts with customizable permissions, making it easier for teams to collaborate on financial management securely.

Possible disadvantages of Mercury

  • Limited Physical Presence
    Mercury operates entirely online, which can be a drawback for businesses that prefer or require in-person banking services.
  • No Cash Deposits
    Mercury does not support cash deposits, which can be inconvenient for businesses that deal with a significant amount of cash transactions.
  • Limited Lending Options
    Mercury offers fewer lending products compared to traditional banks, which might be a limitation for businesses seeking comprehensive financing solutions.
  • Customer Service
    While often responsive, customer service is primarily conducted through online channels, which some users may find less satisfactory compared to face-to-face interactions.
  • No International Wire Transfers
    Mercury does not support international wire transfers, which can be a significant limitation for businesses operating globally.

Convex.dev videos

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Mercury videos

Mercury Movie Review - Prabhu Deva, Karthik Subburaj - Tamil Talkies

More videos:

  • Review - Mercury review by Prashanth
  • Review - Mercury 150 Four Stroke Review Performance Reliability One Year Later - Florida Sport Fishing TV

Category Popularity

0-100% (relative to Convex.dev and Mercury)
React Tools
100 100%
0% 0
Online Payments
0 0%
100% 100
Developer Tools
100 100%
0% 0
Money Transfer
0 0%
100% 100

User comments

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Reviews

These are some of the external sources and on-site user reviews we've used to compare Convex.dev and Mercury

Convex.dev Reviews

Convex vs. Firebase
On this pageConvex vs. FirebasenoteBackend API: Documents or Functions?​Avoiding Serial Request Waterfalls​// Client code in a Cloud Firestore chat app.// This loads the messages and users using multiple round trips.const querySnapshot = await getDocs(collection(db, "messages"));const userSnapshots = await Promise.all( querySnapshot.docs().map(async messageSnapshot => {...
Source: docs.convex.dev

Mercury Reviews

  1. Veeresh G T
    · Founder at Vepapu ·
    The best for Non-Residents

    The best in the market for helping US non-residents get a checking bank account for their US companies. Mercury's secure experience takes founders to another level in their global journey.

    🏁 Competitors: Vepapu
    👍 Pros:    Free pricing|Place for non-residents

Social recommendations and mentions

Based on our record, Mercury should be more popular than Convex.dev. It has been mentiond 36 times since March 2021. We are tracking product recommendations and mentions on various public social media platforms and blogs. They can help you identify which product is more popular and what people think of it.

Convex.dev mentions (13)

  • The Reluctant Founder
    I architected a boring but functional agency management app powered by Convex. But, I encouraged her to get started with a ready-to-use option, SPP.co. - Source: dev.to / about 2 months ago
  • Bringing Convex Dashboard into my dev environment
    When I first started using convex, I realized how awesome and easy it was to use the dashboard. It offers an amazing overview of logs, the ability to edit table data, and view your app health. However, as a developer who always has an insane amount of browser tabs open, I found myself constantly switching back and forth just to check on things, and with the massive amount of tabs, I always spent more time looking... - Source: dev.to / 2 months ago
  • I shipped my first iOS app, here’s my experience
    Convex provides a real-time database solution for Daily Reps, allowing me to store and retrieve data in a highly efficient and scalable manner. This enables me to provide users with a seamless experience, even as they engage with the app and perform various actions. This will be especially useful when I start building the web and Android versions. - Source: dev.to / 5 months ago
  • My chatbot builder is over-engineered, and I love it
    So what is the best tool for this job? Well, you guessed it! Always choose what you know. In my case, I've been working with the JavaScript ecosystem for a while, so I decided to stick with React for the frontend and Hono for the backend. I also used Convex heavily for the database, cron jobs, real-time capabilities, and more, all bundled together in a Turborepo. I'll go into more detail about each part of the... - Source: dev.to / 9 months ago
  • How to Collapse Your Stack Using PostgreSQL for Everything
    Agree. If you want a fully reactive database (and not just hierarchy-based reactivity) but want to keep your ACID + relational data modeling, check out https://convex.dev . Plug notice: this is my company. - Source: Hacker News / about 1 year ago
View more

Mercury mentions (36)

  • Sonos CEO Patrick Spence steps down after app update debacle
    Interestingly, Mercury [0] is VC-backed, and their backend is entirely Haskell. In an interview [1], their CTO mentions that it’s actually quite easy to hire for Haskell, as the demand is much lower than the supply, and, as he slyly puts it, “interest in Haskell acts as a decent proxy for baseline developer quality.” So while the pool is larger for JS/TS and Python, that may not always be beneficial. [0]:... - Source: Hacker News / 4 months ago
  • Haskell vs. Ada vs. C++ vs. an Experiment in Software Prototyping Productivity [pdf]
    I work on one of the largest Haskell codebases in the world that I know of (https://mercury.com/). We're in the ballpark of 1.5 million lines of proprietary code built and deployed as effectively a single executable, and of course if you included open source libraries and stuff that we have built or depend on, it would be larger. I can't really speak to your problem domain, but I feel like we do a lot with what we... - Source: Hacker News / 5 months ago
  • Privacy/secruity experience with RBFCU? (Randolph Brooks Credit Union)
    Not just a fintech front for a privacy dis-respecting bank (like Mercury business banking for example). Source: over 1 year ago
  • The Meaning of Monad in MonadTrans
    Mercury (https://mercury.com/) uses Haskell extensively for pretty much all of its backend systems. It’s a great general purpose language. - Source: Hacker News / almost 2 years ago
  • Wise or Payoneer?
    He claims it's totally legal https://mercury.com/. Source: almost 2 years ago
View more

What are some alternatives?

When comparing Convex.dev and Mercury, you can also consider the following products

Real World Haskell - Learning Resources, Programming Courses, and Learn Programming

Brex - The first corporate card for startups

Haskell From First Principles - A Haskell book for beginners that works for non-programmers and experienced hackers alike.

Wise - Currency exchange Banks and other providers could charge you up to 5% in hidden costs when sending ...

Firebase - Firebase is a cloud service designed to power real-time, collaborative applications for mobile and web.

PENTA - A free and beautiful business bank account in Germany 😍🇩🇪