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Payment Depot vs PayPal

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

Payment Depot offers 4 pricing plans based on business volume. It starts at $49/mo, plus Interchange + $0.15 per transaction, whether swiped or online. Larger monthly processing volumes get larger discounts. There is no contract.

While PayPal has a low flat-rate fee of 2.7% per swiped transaction. It has the ability to accept PayPal payments both in-person and on your website. There is no contract and no monthly fees for the basic plan.

Compare Payment Depot with PayPal, side-by-side.

 Payment Depot
 Visit SiteLearn More
 

Payment Depot

PayPal

SPECIAL OFFER
Save 40% or More - Learn More

Read Payment Depot Review

 

Benefits and Features

Customer ServicePhone, Email, Ticket Center, Social Media Platforms (Facebook, Twitter, LinkedIn)Phone, Email, Live Chat Support, PayPal Community
Good ForBusinesses processing $20,000 or more per monthAccepting Paypal payments; Small businesses with average transaction under $100
EquipmentPOS (EMV, Magstripe, NFC, Contactless, Smart Terminals), Mobile Payment Processing, Online Payment ProcessingPOS (Chip, Swipe, Tap), Marketplaces & Partners, Invoicing, Online Processing
Pricing Model
Subscription
Flat rate
Swipe RateInterchange + 15¢ (for processing up to $50,000/mo; discounts for larger volume)
2.7%
Online RateInterchange + 15¢ (discounts for larger volume)
2.9% + 30¢
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; $30/month for PayPal Payments Pro
Keyed-in Transaction FeeInterchange + 15¢ (discounts for larger volume)
3.5% + 15¢
Deposit Time
Next day deposits
Instant access to the funds in your PayPal account; Or instant deposit to your bank account for 1% fee or 1-2 business days for no fee
Chargeback Fee 
$20
 

CreditDonkey® Reviews

 Payment Depot
PriceStarStarStarStarHalf Star
Customer ServiceStarStarStarStarHalf Star
EquipmentStarStarStarStarEmpty Star
ContractStarStarStarStarStar
EcommerceStarStarStarStarEmpty Star
High Volume BusinessStarStarStarStarStar
Low Volume BusinessStarEmpty StarEmpty StarEmpty StarEmpty Star
Pros & ConsPros:
  • Affordable membership pricing
  • Free equipment with some plans
  • Cancel anytime
Cons:
  • Not ideal for small businesses
  • Equipment return fee
Bottom LineCheap merchant account provider for high-volume businesses... Read full review
 Visit SiteLearn More

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

Save Over $400 Per Month on Average

  • No hidden fees
  • No surprises
  • No cancellation fees

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.


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.

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.

*See the card issuer's online application for details about terms and conditions. Reasonable efforts are made to maintain accurate information. However, all information is presented without warranty. When you click on the "Apply Now" button you can review the terms and conditions on the card issuer's website.

CreditDonkey does not know your individual circumstances and provides information for general educational purposes only. CreditDonkey is not a substitute for, and should not be used as, professional legal, credit or financial advice. You should consult your own professional advisors for such advice.

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