Venmo vs Payment Depot

Venmo is a good way for small businesses and freelancers to accept Venmo payments. How does it compare to Payment Depot? Read our comparison chart below.

	Venmo	Payment Depot


	SPECIAL OFFER Try Venmo business profiles for 30 days - Learn More Read Venmo Review	SPECIAL OFFER Save 40% or More - Learn More Read Payment Depot Review
	Benefits and Features
Customer Service	Phone, email, and messaging through the app	Phone, Email, Ticket Center, Social Media Platforms (Facebook, Twitter, LinkedIn)
Good For	Small mobile businesses and freelancers who want to take Venmo payments	Businesses processing $20,000 or more per month
Equipment	None needed	POS (EMV, Magstripe, NFC, Contactless, Smart Terminals), Mobile Payment Processing, Online Payment Processing
Pricing Model	Flat-Rate	Subscription
Swipe Rate	1.9% + $0.10	Interchange + 8¢
Online Rate	2.9% + $0.30	Interchange + 18¢
Monthly Fee	$0	Start at $79/month (Process up to $250,000/yr) Custom quote (Process more than $250,000/yr)
Keyed-in Transaction Fee	N/A	Interchange + 18¢
Deposit Time	Instant access to the funds in your Venmo account for in-person payments.	Next day deposits
Chargeback Fee	N/A
	CreditDonkey® Reviews

Price
Customer Service
Contract
Ecommerce
High Volume Business
Low Volume Business
Equipment
Pros & Cons	Pros: Accept Venmo in-person Expand payment options Simple pricing Cons: Must go through PayPal or Braintree for online payments	Pros: Affordable membership pricing Cancel anytime Cons: Not ideal for small businesses Equipment return fee
Bottom Line	Good way for small businesses and freelancers to accept Venmo payments... Read full review	Cheap merchant account provider for high-volume businesses... Read full review

	Try Venmo business profiles for 30 days	Save 40% or More First Month Free Save Over $400 Per Month on Average
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Which is Better: Venmo or Payment Depot?

Still need help deciding which merchant services is better? Read the in-depth reviews below. You may also be interested in comparing Venmo or Square.

In short: Venmo's low volume business is impressive. Payment Depot's customer service and high volume business are notable. In particular, the high volume business is excellent.

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.