Payment Depot Pricing, Features, Reviews & Comparison of Alternatives

Payment Depot

The nation's only wholesale credit card processing rates

4.67/5 (57 reviews)

Payment Depot overview

What is 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.

Pricing

Starting from
$49/month
Pricing options
Value for money
View Pricing Plans

Devices

Business size

S
M
L

Markets

United States

Supported languages

English
Payment Depot screenshot: screen shot payment depotWhat is True Cost?

Payment Depot reviews

Value for money
Features
Ease of use
Customer support
  4.6
  4.5
  4.7
  4.6
kyle p

Its not a bad payment processor

Used daily for 2+ years
Reviewed 2019-08-27
Review Source: Capterra

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.

Rating breakdown

Ease of use
Features

Likelihood to recommend: 6/10

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Jared Maiero

Other Processors Cannot Compete

Used daily for 2+ years
Reviewed 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
Features
Customer support

Likelihood to recommend: 9/10

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Louis Salerno

Excellent Cost Savings

Used daily for 1-2 years
Reviewed 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
Features
Customer support

Likelihood to recommend: 9/10

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Erin Leslie

Payment Depot is Great!

Used daily for 2+ years
Reviewed 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
Features
Customer support

Likelihood to recommend: 10/10

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Eric Soloway

Great service - No middleman

Used daily for 2+ years
Reviewed 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
Features
Customer support

Likelihood to recommend: 10/10

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Payment Depot pricing

Starting from
$49/month
Pricing options
Subscription
View Pricing Plans

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

Payment Depot features

Electronic Payments

API (222 other apps)
Accounting Integration (149 other apps)
Accounting Management (150 other apps)
Activity Dashboard (170 other apps)
Audit Trail (105 other apps)
Automatic Notifications (136 other apps)
Billing & Invoicing (150 other apps)
Compliance Management (141 other apps)
Customizable Reporting (136 other apps)
Data Import/Export (144 other apps)
Expense Tracking (137 other apps)
Financial Analysis (106 other apps)
Invoice Management (198 other apps)
Invoice Processing (126 other apps)
Multi-Currency (131 other apps)
Real Time Data (131 other apps)
Reporting & Statistics (188 other apps)
Third Party Integration (155 other apps)
Workflow Management (118 other apps)

Security and privacy

Encryption

Encryption of sensitive data at rest
HTTPS for all pages

Access control

Multi-factor authentication options
This will ask you to sign in with LinkedIn

Additional information for Payment Depot

Key features of Payment Depot

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

Benefits

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