Payment Depot

Payment Depot

The nation's only wholesale credit card processing rates

4.7/5 (57 reviews)

Payment Depot Overview

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.

Pricing

Starting from
$49/month
Pricing options
Free Trial
Subscription
Value for money

Devices

Business size

S
M
L

Markets

United States

Supported Languages

English

Payment Depot Reviews

Overall rating
4.7/5
95% positive reviews
43
Excellent
11
Very good
2
Average
0
Poor
1
Terrible
Jared M.

Other Processors Cannot Compete

Used Daily for 2+ years
Reviewed on 2018/09/21
Review Source: Capterra

I have had a wonderful experience overall and other companies cannot compete with what they offer.

Pros

While I don't necessarily use Payment Depot software exclusively, their implementation of the Clover device works nicely.

Cons

I wish that there was a more open and direct API to work with different systems. My POS software through Microsoft RMS does not communicate directly with the device which means I have to manually type in the total for every credit/debit transaction.

Rating breakdown

Value for Money
Ease of Use
Customer Support

Likelihood to recommend

9.0/10
Louis S.

Excellent Cost Savings

Used Daily for 1+ year
Reviewed on 2018/09/24
Review Source: Capterra

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.

Rating breakdown

Value for Money
Ease of Use
Customer Support

Likelihood to recommend

9.0/10
Erin L.

Payment Depot is Great!

Used Daily for 2+ years
Reviewed on 2018/09/21
Review Source: Capterra

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.

Rating breakdown

Value for Money
Ease of Use
Customer Support

Likelihood to recommend

10.0/10
Eric S.

Great service - No middleman

Used Daily for 2+ years
Reviewed on 2018/10/02
Review Source: Capterra

Pros

We love the pricing, customer service brings options and we can integrate with just about anything by using their included gateway partners.

Cons

Nothing... works great. We saved almost 3% in fees when I switched to payment depot. The other guys were taking our lunch with upcharges and hidden fees.

Rating breakdown

Value for Money
Ease of Use
Customer Support

Likelihood to recommend

10.0/10
Kyle P.

Overall Pretty Good

Used Daily for 2+ years
Reviewed on 2018/09/28
Review Source: Capterra

Overall its good. Customer service there is more about trying to get you off the phone rather than helping. Sometimes answers arent known so they have to ask someone else. Rates are ok but chargebacks are a pain to deal with.

Pros

It uses authorize.net and the rates are comparable.

Cons

You have to go to multiple sites to get information on chargebacks.

Rating breakdown

Value for Money
Ease of Use
Customer Support

Likelihood to recommend

8.0/10

Payment Depot Pricing

Starting from
$49/month
Pricing options
Free Trial
Subscription
Value for money

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

Payment Depot Features

  • Electronic Payments

  • API
  • Accounting Integration
  • Accounting Management
  • Activity Dashboard
  • Automatic Notifications
  • Billing & Invoicing
  • Compliance Management
  • Customizable Reporting
  • Data Import/Export
  • Expense Tracking
  • Financial Analysis
  • Invoice Management
  • Invoice Processing
  • Multi-Currency
  • Real Time Data
  • Receiving
  • Reporting & Statistics
  • Third Party Integration
  • Workflow Management

Additional information for Payment Depot

Key features of Payment Depot

  • 25¢ Per Transaction
  • Easy API Library
  • Free Virtual Terminal
  • Mobile Processing
  • No Cancellation Fees
  • No Contracts
  • No IRS Fee
  • No PCI Fee
  • Physical Terminals
  • Recurring Billing
  • Tokenization/Data Encryption
  • Unlimited Processing
  • Wholesale Visa/MC Interchange Rates

Benefits

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

Payment Depot FAQs

Below are some frequently asked questions for Payment Depot.

Q. What type of pricing plans does Payment Depot offer?

Payment Depot offers the following pricing plans:

Starting from: $49/month

Pricing model: Subscription

Free Trial: Not Available

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

Q. What are the main features of Payment Depot?

Payment Depot offers the following features:

  • 25¢ Per Transaction
  • Easy API Library
  • Free Virtual Terminal
  • Mobile Processing
  • No Cancellation Fees
  • No Contracts
  • No IRS Fee
  • No PCI Fee
  • Physical Terminals
  • Recurring Billing
  • Tokenization/Data Encryption
  • Unlimited Processing
  • Wholesale Visa/MC Interchange Rates

Q. Who are the typical users of Payment Depot?

Payment Depot has the following typical customers:

Freelancers, Large Enterprises, Mid Size Business, Non Profit, Public Administrations, Small Business

Q. What languages does Payment Depot support?

Payment Depot supports the following languages:

English

Q. What type of pricing plans does Payment Depot offer?

Payment Depot has the following pricing plans:

Subscription

Q. Does Payment Depot support mobile devices?

We do not have any information about what devices Payment Depot supports

Q. What other apps does Payment Depot integrate with?

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

Q. What level of support does Payment Depot offer?

Payment Depot offers the following support options:

FAQs, Phone Support, Video Tutorials