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Payment Depot vs Chase Payment Solutions

Payment Depot is a cheap merchant account provider for high-volume businesses. How does it compare to Chase Payment Solutions? Read our comparison chart below.

 Payment DepotChase Payment Solutions
 Visit SiteVisit Site
 

Payment Depot

Chase Payment Solutions

SPECIAL OFFER
Save 40% or More - Learn More

Read Payment Depot Review

SPECIAL OFFER
Fast Funding at No Additional Cost - Learn More

Read Chase Payment Solutions Review

 

Benefits and Features

Customer ServicePhone, Email, Ticket Center, Social Media Platforms (Facebook, Twitter, LinkedIn)Get 24/7 support, online or from a live U.S.-based Chase Payment Solutions agent.
Good ForBusinesses processing $20,000 or more per month 
EquipmentPOS (EMV, Magstripe, NFC, Contactless, Smart Terminals), Mobile Payment Processing, Online Payment Processing 
Pricing Model
Subscription
 
Swipe RateInterchange + 10¢ (for processing up to $50,000/mo; discounts for larger volume)2.6% rate +10¢ per tap, dip and swiped transaction
Online RateInterchange + 10¢ (discounts for larger volume)2.90% + 25¢ per ecommerce transaction
Monthly Fee
  • Starter: $59/month (up to $125,000/yr)
  • Starter Plus: $79/month (up to $250,000/yr)
  • Growth: $99/month (up to $500,000/yr)
No monthly fees
Keyed-in Transaction FeeInterchange + 10¢ (discounts for larger volume)3.5% rate +10¢ per keyed transaction
Deposit Time
Next day deposits
Fast funding at no additional cost. Get deposits as soon as the same day1
 

CreditDonkey® Reviews

 Payment DepotChase Payment Solutions
PriceStarStarStarStarHalf StarStarStarStarStarEmpty Star
Customer ServiceStarStarStarStarHalf StarStarStarStarEmpty StarEmpty Star
EquipmentStarStarStarStarEmpty StarStarStarStarStarEmpty Star
ContractStarStarStarStarStarStarStarStarStarEmpty Star
EcommerceStarStarStarStarEmpty StarStarStarStarStarEmpty Star
High Volume BusinessStarStarStarStarStarStarStarStarEmpty StarEmpty Star
Low Volume BusinessStarEmpty StarEmpty StarEmpty StarEmpty StarStarStarStarStarStar
Pros & ConsPros:
  • Affordable membership pricing
  • Free equipment with some plans
  • Cancel anytime
Cons:
  • Not ideal for small businesses
  • Equipment return fee
Pros:
  • Competitive mobile processing
  • Same day funding available
  • No contract available
Cons:
  • Other fees not disclosed
  • Some poor user reviews
Bottom LineCheap merchant account provider for high-volume businesses... Read full reviewWell known processor with extra benefits for Chase banking customers... Read full review
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Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details.

Payment Depot

Save 40% or More

  • Wholesale Rates
  • Membership Fee Model
  • No Cancellation Fees
Payment Depot

First Month Free

  • Wholesale Rates
  • Membership Fee Model
  • No Cancellation Fees
Payment Depot

Save Over $400 Per Month on Average

  • No hidden fees
  • No surprises
  • No cancellation fees
Chase Payment Solutions

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

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: Payment Depot or Chase Payment Solutions?

Still need help deciding which merchant services is better? Read the in-depth reviews below. You may also be interested in comparing Payment Depot or Square.

In short: Payment Depot's customer service, contract, and high volume business are notable. In particular, the contract and high volume business are excellent. Chase Payment Solutions' low volume business is impressive.


Articles on Payment Depot

Payment Depot Review

Is Payment Depot the best merchant service provider for your business? See how it compares to credit card processors.

Articles on Chase Payment Solutions

Chase Payment Solutions Review

Chase Payment Solutions offers flexible payment options and quick payouts. But is it ideal for your business? Read this in-depth review of their services.

Which Do You Think is Best?





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About CreditDonkey
CreditDonkey is a credit card processing comparison website. We publish data-driven analysis to help you save money & make savvy decisions.

Editorial Note: Any opinions, analyses, reviews or recommendations expressed on this page are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by any card issuer.

†Advertiser Disclosure: Many of the offers that appear on this site are from companies from which CreditDonkey receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). CreditDonkey does not include all companies or all offers that may be available in the marketplace.

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