Payment Depot vs Venmo

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

	Payment Depot	Venmo
	SPECIAL OFFER Save 40% or More - Learn More Read Payment Depot Review	SPECIAL OFFER Try Venmo business profiles for 30 days - Learn More Read Venmo Review
	Benefits and Features
Customer Service	Phone, Email, Ticket Center, Social Media Platforms (Facebook, Twitter, LinkedIn)	Phone, email, and messaging through the app
Good For	Businesses processing $20,000 or more per month	Small mobile businesses and freelancers who want to take Venmo payments
Equipment	POS (EMV, Magstripe, NFC, Contactless, Smart Terminals), Mobile Payment Processing, Online Payment Processing	None needed
Pricing Model	Subscription	Flat-Rate
Swipe Rate	Interchange + 8¢	1.9% + $0.10
Online Rate	Interchange + 18¢	2.9% + $0.30
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)	$0
Keyed-in Transaction Fee	Interchange + 18¢	N/A
Deposit Time	Next day deposits	Instant access to the funds in your Venmo account for in-person payments.
Chargeback Fee		N/A
	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: Accept Venmo in-person Expand payment options Simple pricing Cons: Must go through PayPal or Braintree for online payments
Bottom Line	Cheap merchant account provider for high-volume businesses... Read full review	Good way for small businesses and freelancers to accept Venmo payments... Read full review
	Save 40% or More First Month Free Save Over $400 Per Month on Average	Try Venmo business profiles for 30 days
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Save 40% or More

Save 40% or More

• Wholesale Rates
• Membership Fee Model
• No Cancellation Fees

First Month Free

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

Try Venmo business profiles for 30 days

Start Selling

Cancel anytime.

Which is Better: Payment Depot or Venmo?

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 and high volume business are notable. In particular, the high volume business is excellent. Venmo's low volume business is impressive.

Articles on Payment Depot

Payment Depot

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

• Payment Depot vs Square
• Payment Depot vs Stripe
• Payment Depot vs PayPal

Articles on Venmo

Venmo for Business

Merchants can use Venmo to accept payment. But is this social-friendly payment service a good option for your business? Read this review before you get started.

Which Do You Think is Best?

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