Payment Depot vs Square
Payment Depot is a cheap merchant account provider for high-volume businesses. How does it compare to Square? Read our comparison chart below.
Payment Depot offers membership pricing plans based on business volume. It starts at $79/mo, plus Interchange + 8¢ per transaction for swipe, and Interchange + 18¢ for online transactions. There is no contract.
While Square has a low swipe fee of 2.6% + $0.10 per transaction. It has no monthly fees, no contract, and no chargeback fees. Square offers a free swipe reader, feature-rich POS app, free virtual terminal, and free online store.
Compare Payment Depot with Square, side-by-side. Read on for an in-depth look, including ratings, reviews, pros and cons.
 |  | |
| Visit Site | Visit Site | |
Payment Depot | Square | |
|---|---|---|
Save 40% or More - | Square Reader: Free Mobile Credit Card Reader - | |
Benefits and Features | ||
| Monthly Fee |
| |
| Good For | Businesses processing $20,000 or more per month | Mobile & small businesses with average transaction over $100 |
| Equipment | POS (EMV, Magstripe, NFC, Contactless, Smart Terminals), Mobile Payment Processing, Online Payment Processing | Free magstripe card reader; $59 for contactless + chip reader; Stand, Terminal, and Register available for purchase. |
| Accept International Payments | ||
| Customer Service | Phone, Email, Ticket Center, Social Media Platforms (Facebook, Twitter, LinkedIn) | Phone, Email, Live Chat Support, Seller Community |
| Fraud Prevention Tools |  | |
| Invoice Management | | |
| Pricing Model | ||
| Recurring Billing | | |
| ACH Payments | ||
| Swipe Rate | ||
| Online Rate | ||
| Keyed-in Transaction Fee | ||
| Deposit Time | Payments before 5PM PT / 8 PM ET is available the next business day | |
| Chargeback Fee | ||
CreditDonkey® Reviews | ||
| | |
| Price |   |  |
| Equipment | | |
| Contract | | |
| Customer Service | | |
| Ecommerce | | |
| High Volume Business | | |
| Low Volume Business | | |
| Pros & Cons | Pros:
| Pros:
|
| Bottom Line | Cheap merchant account provider for high-volume businesses... | Good credit card processor for low-volume businesses... |
| Visit Site | Visit Site | |
Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details. | ||
Square Reader: Free Mobile Credit Card Reader
- Pay 2.6% + 10¢ Per Swipe for Visa, Mastercard, Discover, and American Express
- Accept Credit Cards Anywhere
- Fast Setup, No Commitments
Square Contactless and Chip Card Reader
- Pay 2.6% + 10¢ per tap or dip for Visa, Mastercard, Discover, and American Express
- Accept Chip Cards and Contactless Payments Anywhere
Square POS: Point of Sale System
- Advanced analytics and insights
- Inventory and customer management
- Track employee time cards and grant permission levels
Which is Better: Payment Depot or Square?
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 Stax by fattmerchant.
In short: Payment Depot's customer service and high volume business are notable. In particular, the high volume business is excellent. Square's equipment and low volume business are 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 Square
Alternatives to Square
Square is one of the most popular POS systems. But is it the best choice for your business? See how Square compares to top competitors and alternatives.
Square Review
Explore a thorough review of Square's cost, security, and benefits for businesses. Find out if it's the right choice for you.
Best Square POS Alternatives
Square or Clover? Square or Shopify? Solve your POS dilemmas with this in-depth comparisons of top Square POS alternatives for small businesses.
Square vs Stripe vs Paypal
Square, Stripe, and PayPal are the most popular credit card processors for small businesses. What's the difference and which is right for you?
Square vs Clover
Square is cheaper to get started, while Clover offers more flexibility. Which one is better for your small business? Find out how they compare.
Square vs Merchant Account
Square is simple with flat rate pricing, but a merchant account can provide better savings. Which is better for your business? Read on to compare.
How Much Does Square Charge
Square's mobile card reader lets you accept credit card payments. But how much does Square cost? Read this review to see if it is good for your business.
Square Rates
Square offers a free credit card reader. But there are transaction rates and processing fees you need to be aware of.
Square vs PayPal
Is Square or PayPal better for your small business? Find out how they compare in pricing and features.
Which Do You Think is Best?
You Might Also Like
Costco Merchant Services Review
Before applying, get all the information about Costco Merchant Services' rates, features, benefits, and drawbacks.
Stripe Alternatives
Don't miss out on the top-rated Stripe alternatives for 2023. Learn about payment processors that rival Stripe's capabilities.
Stax vs Stripe
Debating whether to go for Stax or Stripe? While Stax is easier to use, Stripe is more customizable. Here's a deep dive into their differences.
Online Credit Card Processing
What's the best online credit card processing company? Find the cheapest one for small businesses, high/low volume transactions and eCommerce.
Chase Business Complete Banking Review
Is Chase Business Complete Banking the right choice for you? Here are the benefits and fees you need to know.
Best Credit Card Processing for Restaurants
Every penny matters to restaurants. The right credit card processing provider will help you save on fees and have features to help run your restaurant.
National Processing Review
National Processing offers lower processing rates than other flat-rate processors like Square. But what's the catch? Read on.
Merchant Account Requirements
Does your business qualify for a merchant account? Here are 10 merchant account requirements you need to provide for your application.
Interchange Rates
See detailed breakdowns of the current interchange rates for Visa, Mastercard, Discover®, and Amex. Plus, learn how you can save on interchange fees.
Helcim Review
Helcim is a top-rated merchant account provider for customer service. It offers interchange-plus pricing with volume discounts. Is it right for you?
Next Page: Payment Depot
