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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 DepotVenmo
 Visit SiteVisit Site
 

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

Monthly Fee
  • Start at $79/month (Process up to $250,000/yr)
  • Custom quote (Process more than $250,000/yr)
$0
Good ForBusinesses processing $20,000 or more per monthSmall mobile businesses and freelancers who want to take Venmo payments
EquipmentPOS (EMV, Magstripe, NFC, Contactless, Smart Terminals), Mobile Payment Processing, Online Payment Processing
None needed
Customer ServicePhone, Email, Ticket Center, Social Media Platforms (Facebook, Twitter, LinkedIn)Phone, email, and messaging through the app
Fraud Prevention Tools
Check
 
Invoice Management
Integration needed
 
Pricing Model
Subscription
Flat-Rate
Recurring Billing
Integration needed
 
Swipe Rate
Interchange + 8¢
1.9% + $0.10
Online Rate
Interchange + 18¢
2.9% + $0.30
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

 Payment DepotVenmo
PriceStarStarStarStarHalf StarStarStarStarStarEmpty Star
EquipmentStarStarStarStarEmpty Star
ContractStarStarStarStarStarStarStarStarStarStar
Customer ServiceStarStarStarStarHalf StarStarStarStarEmpty StarEmpty Star
EcommerceStarStarStarStarEmpty StarStarStarStarStarEmpty Star
High Volume BusinessStarStarStarStarStarStarStarStarEmpty StarEmpty Star
Low Volume BusinessStarEmpty StarEmpty StarEmpty StarEmpty StarStarStarStarStarStar
Pros & ConsPros:
  • 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 LineCheap merchant account provider for high-volume businesses... Read full reviewGood way for small businesses and freelancers to accept Venmo payments... Read full review
 Visit SiteVisit Site

Try Venmo business profiles for 30 days

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
Payment Depot

First Month Free

  • Wholesale Rates
  • Membership Fee Model
  • No Cancellation Fees

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.

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

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