Payment Depot is a merchant services provider that enables users to process credit card payments at wholesale rates. Its features include rate and data breach protection, chargeback and risk monitoring, next day funding, and more. In this article, we cover user reviews and pricing. Ready to get started with Payment Depot? Visit their website.
What Payment Depot Does Well
Users who gave Payment Depot a positive review said that it has a competitive pricing model. Some of them also commended the seamless integration with Authorize.net.
A user who left a positive review of Payment Depot on GetApp said that she found the lowest payment processing fees. She also shared that Payment Depot has excellent customer service agents who helped her transition to a new POS system.
What Payment Depot Does Not Do Well
As of the date this article was written (12/04/18), there are very few negative Payment Depot user reviews online. However, there are some complaints about hidden charges.
A user who left a negative review of Payment Depot on GetApp complained that her annual fee was automatically increased by 25% for a security feature she didn’t avail. She also added that the account manager wasn’t able to solve her issues on the charges.
Payment Depot Pricing
Payment Depot offers four subscription plans: Basic ($49+/month), Most Popular ($79+/month), Best Value ($99+/month), and Premier ($199+/month). The main differences between the plan include the processing volume limit, transaction fees, and access to premium features such as data breach protection and 24-hour support.
All users get a free gateway. Best Value and Premier plan holders also get a free mobile reader, terminal, and pin pad. Meanwhile, Most Popular subscribers get a free mobile reader and terminal.
Payment Depot also offers an annual membership fee, but the values are not published on their website.
Ready to get started with Payment Depot? Visit their website.
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Payment Depot Features
Check out the list below of some of Payment Depot’s features:
- Mobile Payments
- POS Solutions
- Rate Protection
- Chargeback and Risk Monitoring
- Next-Day Funding
- QuickBooks Integration
- Authorize.Net Integration
- Free Mobile Reader
- Free Terminal Upgrade
Payment Depot FAQ
Aside from credit cards, can Payment Depot process other payment transactions?
Can Payment Depot users save on monthly charges?
Payment Depot Alternatives
Disclaimer: The following information was provided by Payment Depot and does not necessarily reflect the views of FitSmallBusiness.com.
What is Payment Depot?
Payment Depot is often called the Costco of credit card processing. Our unique membership model enables our members to pay the direct Interchange rates with no added percentages. Most members save an average of 40% on their processing after switching to Payment Depot.
Payment Depot News & Activity
Payment Depot surpassed $3 Billion dollars in annual processing volume in 2018 and continues to grow each day.
Payment Depot Customer Service
Payment Depot has best in class customer service. Our team is dedicated to serving our members and making sure to answer the phone and respond in a timely fashion. Help is available 24/7 to assist
Payment Depot Unique Features
Membership Model – Interchange + 0%
No cancellation fee
No long term contracts
B2B Interchange Optimization feature