Payment Depot

The nation's only wholesale credit card processing rates

About Payment Depot

Payment Depot offers the nation's only wholesale credit card processing rates. While other companies charge an added percentage on top of Visa/MC interchange, Payment Depot gives merchants the direct interchange rate with no added percentage.

Key benefits of Payment Depot

Wholesale Visa, Mastercard, Amex, Discover interchange direct rates with no mark up. Impossible to get a lower card processing rate.

Devices

Business size

S M L

Markets

United States

Supported Languages

English

Images

screen shot payment depot
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Payment Depot video
Payment Depot screenshot: screen shot payment depot

Features

Total features of Payment Depot: 16

  • ACH Payment Processing
  • Contactless NFC
  • Credit Card Processing
  • Debit/Credit Card Processing
  • Electronic Payments
  • Electronic Signature
  • In-Person Payments
  • Mobile Card Reader
  • Mobile Payments
  • Online Payments
  • PCI Compliance
  • Point of Sale (POS)
  • Receipt Management
  • Recurring/Subscription Billing
  • Reporting/Analytics
  • eCommerce Management

Alternatives

PayPal

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#1 Alternative to Payment Depot
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Square Payments

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#2 Alternative to Payment Depot
Square Payments is an online payment processing solution which integrates with Square hardware & POS software to allow...

PaymentCloud

4.6
#3 Alternative to Payment Depot
PaymentCloud is a credit card processing solution designed to help retailers and eCommerce businesses streamline...

Fattmerchant

4.8
#4 Alternative to Payment Depot
Fattmerchant is a subscription-based payment platform offering unlimited credit card processing at direct cost, giving...

Reviews

Overall rating

4.7 /5
(57)
Value for Money
4.6/5
Features
4.5/5
Ease of Use
4.7/5
Customer Support
4.6/5

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Showing 5 reviews of 57
Bryan C.
Overall rating
  • Industry: Retail
  • Company size: 11-50 Employees
  • Used Daily for 1+ year
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support
  • Likelihood to recommend 10.0 /10

Great Value and Support

Reviewed on 21/9/2018

Pros

I like the fact that there is a small but sufficient team dedicated to making sure you have great customer service. Everyone is fast and friendly. They always follow up when in an inquiry is made.

Cons

The way the payments batch out is strange. Some are delayed 2 days and some are next day. Makes keeping track of deposits a litttle cumbersome.

Kyle P.
Overall rating
  • Industry: Retail
  • Company size: 2-10 Employees
  • Used Daily for 2+ years
  • Review Source

Overall rating

  • Ease of Use
  • Likelihood to recommend 6.0 /10

Its not a bad payment processor

Reviewed on 27/8/2019

its good service and they use authorize but you can find cheaper alternatives almost anywhere that...

its good service and they use authorize but you can find cheaper alternatives almost anywhere that has one portal for everything.

Pros

the rates were ok at best but the support is there. Its nice to get a hold of someone right away when you need it and they use the authorize.net gateway which is good.

Cons

its horrible that you have to work with multiple portals when dealing with charges and chargebacks. No notifications of charge backs were even given to us and on top of that the rates were higher than paypal and other companies.

Kristi S.
Overall rating
  • Industry: Health, Wellness & Fitness
  • Company size: Self Employed
  • Used Weekly for 2+ years
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support
  • Likelihood to recommend 0.0 /10

Not good for small businesses

Reviewed on 16/10/2018

When I first signed up, they were very helpful. Now my account mgr hardly answers my questions....

When I first signed up, they were very helpful. Now my account mgr hardly answers my questions. Last year, before I was supposed to renew, they sent out an email saying their yearly fee was going up 25% for a new security feature. They did not say it was optional. However, after getting upset about the fee change for a service I felt I did not need, they told me I could have my old rate and said the extra service was only optional. That was a total scam. Not impressed with their lack of integrity. Don't recommend.

Pros

It is easy to use and integrates easily. Authorize.net is easy to use as well.

Cons

Their cost system doesn't work well for really small businesses by the time you pay the yearly fee and monthly cc charges.

Louis S.
Overall rating
  • Industry: Retail
  • Company size: 11-50 Employees
  • Used Daily for 1+ year
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support
  • Likelihood to recommend 9.0 /10

Excellent Cost Savings

Reviewed on 24/9/2018

Excellent support when needed, very few issues with terminals.

Excellent support when needed, very few issues with terminals.

Pros

Significant cost savings from their clear approach to interchange billing + an annual fee.

Cons

Amex setup not supported for our industry unless we go directly to Amex, and the rates are horrible direct with Amex. You take some risk on buying terminals out right, but in reality you're savings so much compared to any of the major re-sellers you can buy a few a year. PCI compliance testing for some locations is very odd and needs to be re-certified every 90 days, significant hassle to PCI compliance, again only for some locations.

Erin L.
Overall rating
  • Industry: Retail
  • Company size: 2-10 Employees
  • Used Daily for 2+ years
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support
  • Likelihood to recommend 10.0 /10

Payment Depot is Great!

Reviewed on 21/9/2018

My processing fees are lower than most other businesses. The customer service has been amazing!

My processing fees are lower than most other businesses. The customer service has been amazing!

Pros

The cost savings initially attracted me to Payment Depot, however, they have been so easy to work with and had superb customer service. They have eve helped guide me in switching over to a new POS system. I couldn't recommend them more!

Cons

I only wish I could easily directly process online with pd.

Showing 5 reviews of 57 Read all reviews

Payment Depot FAQs

Below are some frequently asked questions for Payment Depot.

Payment Depot offers the following pricing plans:

  • Starting from: US$49.00/month
  • Pricing model: Subscription
  • Free Trial: Available

15¢ per transaction for wholesale Visa Mastercard Discover Amex. No added percentages. Just flat interchange plus 15¢.

We do not have any information about Payment Depot features

Payment Depot has the following typical customers:

Self Employed, 2-10, 11-50, 51-200, 201-500, 501-1,000, 1,001+

Payment Depot supports the following languages:

English

Payment Depot supports the following devices:

We do not have any information about what integrations Payment Depot has

Payment Depot offers the following support options:

FAQs/Forum, Phone Support, 24/7 (Live rep), Chat

Related categories

See all software categories found for Payment Depot.