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Square vs Payment Depot


 SquarePayment Depot
 Visit SiteVisit Site
 

Square

Payment Depot

SPECIAL OFFER
Free Mobile Credit Card Reader - Learn More

Read Square Review

SPECIAL OFFER
Save 40% or More - Learn More

Read Payment Depot Review

 

Benefits and Features

Customer ServicePhone, Email, Live Chat Support, Seller CommunityPhone, Email, Ticket Center, Social Media Platforms (Facebook, Twitter, LinkedIn)
Good ForMobile & small businesses with average transaction over $100Businesses processing $20,00 or more per month
EquipmentFree magstripe card reader; $49 for contactless + chip reader; Stand, Terminal, and Register available for purchase.POS (EMV, Magstripe, NFC, Contactless, Smart Terminals), Mobile Payment Processing, Online Payment Processing
Pricing Model
Flat rate
Subscription
ACH Payments
1% ($1 minimum)
 
Swipe Rate
2.6% + 10¢
Interchange + 15¢ (for processing up to $50,000/mo; discounts for larger volume)
Online Rate
2.9% + 30¢
Interchange + 15¢ (discounts for larger volume)
Monthly Fee
No monthly fees
  • $79/month (up to $50,000/mo)
  • $99/month (up to $150,000/mo)
  • $199/month (over $150,000/mo)
Keyed-in Transaction Fee
3.5% + 15¢
Interchange + 15¢ (discounts for larger volume)
Deposit TimePayments before 5PM PT / 8 PM ET is available the next business day
Next day deposits
Chargeback Fee
None
 
 

CreditDonkey® Reviews

 SquarePayment Depot
PriceStarStarStarStarEmpty StarStarStarStarStarHalf Star
Customer ServiceStarStarStarEmpty StarEmpty StarStarStarStarStarHalf Star
EquipmentStarStarStarStarStarStarStarStarStarEmpty Star
ContractStarStarStarStarStarStarStarStarStarStar
EcommerceStarStarStarStarEmpty StarStarStarStarStarEmpty Star
High Volume BusinessStarEmpty StarEmpty StarEmpty StarEmpty StarStarStarStarStarStar
Low Volume BusinessStarStarStarStarStarStarEmpty StarEmpty StarEmpty StarEmpty Star
Pros & ConsPros:
  • 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
Pros:
  • Affordable membership pricing
  • Free equipment with some plans
  • Cancel anytime
Cons:
  • Not ideal for small businesses
  • Equipment return fee
Bottom LineGood credit card processor for low-volume businesses... Read full reviewCheap merchant account provider for high-volume businesses... Read full review
 Visit SiteVisit 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

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
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

Articles on Square

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.

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.

What is Square

Square offers mobile payment processing and a full POS for businesses. But is it good? Find out if the credit card processor is right for you.

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.

Stripe vs Square

What's better: Square or Stripe? Depends if you have an online business or physical store. Review fees, payment gateways, and integrations to help you decide.

Square Review

Square has no monthly fees and a low flat transaction rate. But is it safe? Find out if this credit card processor is good for business.

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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Looking for the best credit card reader? It'll depend on your needs. Find the top readers for small businesses here.

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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.

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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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