Chase Payment Solutions vs Payment Depot
Chase Payment Solutions is a well known processor with extra benefits for Chase banking customers. How does it compare to Payment Depot? Read our comparison chart below.
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Chase Payment Solutions | Payment Depot | |
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Fast Funding at No Additional Cost - | Save 40% or More - | |
Benefits and Features | ||
Customer Service | Get 24/7 support, online or from a live U.S.-based Chase Payment Solutions agent. | Phone, Email, Ticket Center, Social Media Platforms (Facebook, Twitter, LinkedIn) |
Good For | Businesses processing $20,000 or more per month | |
Equipment | POS (EMV, Magstripe, NFC, Contactless, Smart Terminals), Mobile Payment Processing, Online Payment Processing | |
Pricing Model | ||
Swipe Rate | 2.6% rate +10¢ per tap, dip and swiped transaction | Interchange + 10¢ (for processing up to $50,000/mo; discounts for larger volume) |
Online Rate | 2.90% + 25¢ per ecommerce transaction | Interchange + 10¢ (discounts for larger volume) |
Monthly Fee |
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Keyed-in Transaction Fee | 3.5% rate +10¢ per keyed transaction | Interchange + 10¢ (discounts for larger volume) |
Deposit Time | Fast funding at no additional cost. Get deposits as soon as the same day1 | |
CreditDonkey® Reviews | ||
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Equipment | ![]() ![]() ![]() ![]() ![]() | ![]() ![]() ![]() ![]() ![]() |
Contract | ![]() ![]() ![]() ![]() ![]() | ![]() ![]() ![]() ![]() ![]() |
Ecommerce | ![]() ![]() ![]() ![]() ![]() | ![]() ![]() ![]() ![]() ![]() |
High Volume Business | ![]() ![]() ![]() ![]() ![]() | ![]() ![]() ![]() ![]() ![]() |
Low Volume Business | ![]() ![]() ![]() ![]() ![]() | ![]() ![]() ![]() ![]() ![]() |
Pros & Cons | Pros:
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Bottom Line | Well known processor with extra benefits for Chase banking customers... | Cheap merchant account provider for high-volume businesses... |
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Fast Funding at No Additional Cost
- 2.6% + 10¢ per swipe, dip, and tap
- Get deposits as soon as the same day at no extra cost
- 24/7 support from live US-based agents
Chase Payment Solutions
- Never miss a sale with powerful new ways to accept credit cards, anytime, anywhere. Accept payments multiple ways – in person, online, or over the phone
- Fast funding at no additional cost. Get deposits as soon as the same day1
- Enjoy fair and transparent pricing with no hidden or monthly fees. 2.6% rate +10¢ per tap, dip and swiped transaction. 2.90% + 25¢ per ecommerce transaction. 3.5% rate +10¢ per keyed transaction2
- Get 24/7 support, online or from a live U.S.-based Chase Payment Solutions agent.
- Trusted security – As technology advances, our industry-leading systems help keep your payments safe
- Accept cards in person – Take payments quickly with our easy to use point-of-sale devices and mobile app3
- Accept cards online or over the phone – Choose from pre-built payment integrations with leading eCommerce platforms, virtual terminal and a payment gateway
- Over 4 million businesses of all types and sizes trust financial solutions from Chase4
1Payments processed, approved, and completed by 5:00 PM Pacific Time (PT) / 8 PM Eastern Time (ET) are eligible for same-day deposits, 6 days a week, excluding Saturdays. In addition, all QuickAccept deposits are subject to the QuickAccept Terms of Service. Payments held for risk, fraud, or other review may not be eligible for same-day deposits. Payments processed, approved and completed by 5:00 PM PT / 8:00 PM ET, Sunday through Friday (including holidays), will be deposited into the business owner's Chase business checking account that night. All payments processed, approved and completed by 5:00 PM PT / 8:00 PM ET on Saturdays will be deposited into the business owner's Chase business checking account Sunday morning by 7:30 AM ET. There is no additional cost for same-day deposits, but standard rates and fees will apply for business checking and payment processing. Customers qualify for same-day deposits upon sign-up and depositing into a Chase business checking account. Same-day deposits are available in the U.S. only. Additional exclusions may apply.
2Rate Information: Mastercard, Visa, American Express, Discover, and Chase Transactions involving physical Credit and Signature Debit cards will be assessed 2.6% discount rate and $0.10 per tap, dip or swiped transaction, and 3.5% discount rate and $0.10 per keyed transaction. PIN Debit, EBT Transactions and E-commerce transactions are excluded. Not all businesses may qualify, talk to a payment specialist for more details.
3Chase Mobile® app is available for select mobile devices. Enroll in Chase Online℠ or on the Chase Mobile app. Message and data rates may apply.
4https://reports.jpmorganchase.com/investor-relations/2020/ar-ceo-letter-gordon-smith.htm
“Chase,” “JPMorgan,” “JPMorgan Chase,” the JPMorgan Chase logo and the Octagon Symbol are trademarks of JPMorgan Chase Bank, N.A. JPMorgan Chase Bank, N.A. is a wholly-owned subsidiary of JPMorgan Chase & Co.
Which is Better: Chase Payment Solutions or Payment Depot?
Still need help deciding which merchant services is better? Read the in-depth reviews below. You may also be interested in comparing Chase Payment Solutions or Square.
In short: Chase Payment Solutions' low volume business is impressive. Payment Depot's customer service, contract, and high volume business are notable. In particular, the contract and high volume business are excellent.