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.

	Payment Depot	Square


	SPECIAL OFFER Save 40% or More - Learn More Read Payment Depot Review	SPECIAL OFFER Square Reader: Free Mobile Credit Card Reader - Learn More Read Square Review
	Benefits and Features
Customer Service	Phone, Email, Ticket Center, Social Media Platforms (Facebook, Twitter, LinkedIn)	Phone, Email, Live Chat Support, Seller Community
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.
Pricing Model	Subscription	Flat rate
ACH Payments		1% ($1 minimum)
Swipe Rate	Interchange + 8¢	2.6% + 10¢
Online Rate	Interchange + 18¢	2.9% + 30¢
Monthly Fee	Start at $79/month (Process up to $250,000/yr) Custom quote (Process more than $250,000/yr)	No monthly fees
Keyed-in Transaction Fee	Interchange + 18¢	3.5% + 15¢
Deposit Time	Next day deposits	Payments before 5PM PT / 8 PM ET is available the next business day
Chargeback Fee		None
	CreditDonkey® Reviews

Price
Customer Service
Equipment
Contract
Ecommerce
High Volume Business
Low Volume Business
Pros & Cons	Pros: Affordable membership pricing Cancel anytime Cons: Not ideal for small businesses Equipment return fee	Pros: No monthly or annual fee Free swipe card reader Low, predictable fixed rates Cons: Flat-rate pricing can be expensive for larger businesses Costly add-on services
Bottom Line	Cheap merchant account provider for high-volume businesses... Read full review	Good credit card processor for low-volume businesses... Read full review

	Save 40% or More First Month Free Save Over $400 Per Month on Average	Square Reader: Free Mobile Credit Card Reader Square Contactless and Chip Card Reader Square POS: Point of Sale System
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Save 40% or More

Wholesale Rates
Membership Fee Model
No Cancellation Fees

First Month Free

Wholesale Rates
Membership Fee Model
No Cancellation Fees

Save Over $400 Per Month on Average

Learn More

No hidden fees
No surprises
No cancellation fees

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

Get Free Reader

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

Learn More

Square POS: Point of Sale System

Advanced analytics and insights
Inventory and customer management
Track employee time cards and grant permission levels

Learn More

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 Payline.

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

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