Mercury

Connect your Mercury business bank account to pay suppliers without leaving SKU.io. You pick a bill, a purchase invoice or a vendor deposit, choose how much to pay, and send it. Every payment is approved before any money moves, either by a teammate in SKU.io or by an admin in Mercury. Once Mercury sends the money, SKU.io records the payment on the bill or deposit for you, dated on the day it left the bank.

SKU.io also mirrors every transaction in your Mercury account and matches the outgoing ones to your bills, purchase invoices and vendor deposits. A wire you sent straight from Mercury's own app can be recorded against its purchase order in one click.

Before you begin: you need a Mercury business account, a Mercury admin who can approve payments or create API tokens, and the Integrations permissions in SKU.io. To pay, you need the Send payments permission, and to approve in SKU.io, Approve payments. Both are in Settings → Roles, under Mercury Bill Pay.

What Mercury does in SKU.io

When…	SKU.io…
You pay a bill, purchase invoice or vendor deposit with Mercury	Creates one payment for that supplier, waiting for approval. Nothing reaches the supplier yet
Someone approves it	Sends it from your Mercury account by ACH, domestic wire or check
Mercury confirms the money was sent	Records the payment on the bill or deposit, dated on the bank date. The payment then syncs to QuickBooks or Xero like any other
Someone declines it, or Mercury refuses or returns it	Leaves the bill or deposit unpaid (or reopens it), so it can be paid again, and tells the person who sent it
Money leaves your Mercury account any other way	Lists the transaction on the Bank transactions tab and suggests the bill or deposit it most likely paid

Mercury pays in US dollars only. Bills and deposits in another currency can't be paid with Mercury.

Where to find it

Go to Apps & Integrations → All Integrations and choose Mercury under Bill Payments. The Mercury page has six tabs:

Tab	What it's for
Accounts	Your Mercury accounts, their balances, and which one pays by default
Recipients	Your Mercury recipients (payees) and the supplier each one is linked to
Payments	Every payment sent from SKU.io, and the ones waiting for approval
Bank transactions	Every Mercury transaction, matched to the bill or deposit it paid
Webhooks	The instant updates Mercury sends to SKU.io
Settings	The connection, the default account, where payments are approved, and the payment methods you allow

You pay from the bill, purchase invoice or vendor deposit itself: Add Payment opens the Pay dialog, which has a Pay with Mercury tab.

Set up Mercury

1. Connect Mercury and check the connection's token permissions.
2. Choose how Mercury payments work: the default account, where payments are approved, and the payment methods you allow.
3. Give the people who pay the Send payments permission, and the people who approve Approve payments.
4. Link your suppliers to Mercury recipients, or invite them to add their bank details.
5. Optionally, make Pay with Mercury the default way bills open in Settings → Purchasing → Payment Approvals.

Where to go next

To…	Go to…
Learn how it works
understand approval, the life of a payment, and what reaches your accounting	How Mercury works
Set up
connect your Mercury account with Mercury sign-in or an API token	Connect Mercury
choose the default account, where payments are approved, and the payment methods	Set up Mercury payments
link suppliers to Mercury recipients, or invite a supplier	Link suppliers to Mercury recipients
Pay suppliers
pay a purchase invoice or landed-cost bill, in full or in part	Pay a bill with Mercury
pay a vendor deposit (a purchase order prepayment)	Pay a vendor deposit with Mercury
approve or decline payments waiting in SKU.io	Approve or decline Mercury payments
Match the bank
match Mercury transactions to bills and deposits, or ignore them	Review Mercury bank transactions
Look up
look up statuses, columns, permissions, alerts and messages	Mercury reference