Updated November 2026
Pewter vs Mercor: a go-between or the company that pays you?
Pewter is a go-between: its licensing partner makes the offer, signs the license with you and pays you, and Pewter says you learn who that partner is before you sign anything. Mercor says it licenses the data and pays you itself. Pewter shows example deals of $350,000 to $650,000, reported by that partner, which it calls other firms' deals, not its own, and asks for 20+ staff in the US, while Mercor's data page shows no price or minimum. Both say you pay nothing.1,2,3,4,5,6,7,8,9
Side by side
Pewter and Mercor, row by row
| Topic | Pewter | Mercor |
|---|---|---|
| Who pays you | A licensing partner, unnamed on its site; you learn who before you sign1 | Mercor, by wire2,10 |
| Who qualifies | US firms with 20+ full-time staff now or at peak, 3+ years of records, mainly English5 | No minimum headcount or years stated on its data page7 |
| Closed companies | Takes firms that are winding down or closed5 | Nothing on its data page, but it has pursued shuttered startups' archives11 |
| Stated price | $350,000 to $650,000 in its partner's three examples; many firms are offered less, it says3,12 | None on its data page; its LinkedIn ads say up to $10M per enterprise6,13 |
| Time to payment | Not published | Typically 2-4 weeks after signing, depending on extraction and processing10 |
| Fees you pay | None at any stage, Pewter says; the partner pays Pewter at close8,14 | None, Mercor says: no upfront costs, setup fees or deductions9 |
| Your time | A few hours, Pewter says15 | Not published; you link accounts from the tools you choose16 |
| Removing names | Names, contact details, account numbers and credentials removed; you review a sample17,18 | Automated; no AI lab buyer sees raw data, Mercor says19 |
| On the record | Buzzlead.io LLC, Florida; three managing partners listed; site registered October 10, 202620,21 | $10B valuation; confirmed a 2026 cyberattack; contractors filed proposed class actions22,23,24 |
The real gap
With Pewter the company that pays comes through a go-between, and with Mercor you start there
Pewter sizes your records, brings you the offer and coordinates the deal, and it handles negotiation of price, exclusivity and scope. It also says plainly that because its partner pays its fee, it is not your lawyer or your agent. In our view that is worth weighing, since the firm doing the negotiating is paid by the other side, and we would ask early who the partner is, because that is the company you rely on to pay.1,17,14
Mercor has no one in the middle that it mentions. You link your tools, it extracts and anonymizes the data, and it pays when the anonymized dataset reaches the buyer. What its page leaves out is the deal itself, with nothing on ownership afterward, exclusivity or how long it keeps the data.16,10,2,25
Reading the numbers
Pewter's examples and Mercor's ad figure are both self-reported
Pewter's examples are a 60-person accounting firm at $350,000, a 70-person engineering firm at $450,000 and a 100-person freight broker at $650,000, reported by its licensing partner. Pewter says many firms are offered less and some get no offer. Its site was registered in October 2026, and it says deal figures come from the publishers and were not independently verified.3,12,21
Mercor's $10M per enterprise comes from its own LinkedIn ads, which also claim over 300 enterprise partners, and those ads name large enterprises, so in our view that figure says little about a 40-person firm. Its $7.5M bid for Spirit Airlines' records is a public number, from a sale process where it stands as the backup buyer.13,26,27
Risks on each side
A new company with an unnamed partner, or a large one with a breach on its record
Pewter's risk is how little there is to check. Its site lists three managing partners, it is run by Buzzlead.io LLC, a Florida LLC doing business as Pewter Labs, and it does not name the company that would pay you, which it says you learn before you sign.20,1
Mercor's is a known event. It confirmed a 2026 cyberattack tied to the LiteLLM compromise, and it says the effect on customer information was very limited and that only a very limited subset of experts had sensitive information affected. Contractors who used its platform filed proposed class actions in April, which are allegations with no ruling we have seen, and we found no reliable count of people affected. Ask Mercor whether the systems that hold seller data were involved.23,28,24
We work with Pewter and not with Mercor. The quiz checks whether your company fits Pewter and the others we work with, so you can hold a written offer next to anything Mercor sends.
FAQ
Questions, answered with sources
Every business is different, so this one is best talked through with the buyer you're working with. Their team goes over it with you before anything is signed.
Before you sign
Questions to talk through with your buyer
Every business is different, so these are best talked through with the buyer you're working with. Their team goes over them with you before anything is signed.
Questions for this kind of business
- Which company is on the license with us, and which one answers for how the data is handled?
- How do CCPA, GDPR, UK GDPR and state privacy laws apply, and is de-identified data still personal information?
- Do customer, supplier or platform contracts, NDAs or API terms restrict this?
Questions for any buyer
- Is the license exclusive, and for how long?
- Can you sublicense the data, and to whom?
- Which AI labs will receive it, and will you tell us?
- How long do you keep it, and how is it deleted?
- What is your liability cap, and who indemnifies whom?
- Will the contract ban re-identification of people in the data?
- Who removes personal data, by what method, and do we approve it first?