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% + $0.15 per transaction with Square Free. 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.
 |  | |
| Visit Site | Visit Site | |
Payment Depot | Square | |
|---|---|---|
Save Over $400 Per Month on Average - | Square Reader: Free Mobile Credit Card Reader - | |
Benefits and Features | ||
| Monthly Fee |
| $0 (Free), $49/mo (Plus), and $149/mo (Premium) |
| 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 | Card reader: $0 to $59; Stand, Terminal, and Register available for purchase |
| Accept International Payments | ||
| Customer Service | Phone, Email, Ticket Center, Social Media Platforms (Facebook, Twitter, LinkedIn) | Phone, Email, Live Chat Support, Seller Community |
| Fraud Prevention Tools |  | |
| Invoice Management | | |
| Pricing Model | ||
| Recurring Billing | | |
| ACH Payments | ||
| Swipe Rate | 2.6% + 15¢ (Free), 2.5% + 15¢ (Plus), and 2.4% + 15¢ (Premium) | |
| Online Rate | 3.3% + 30¢ (Free) and 2.9% + 30¢ (Plus/Premium) | |
| Keyed-in Transaction Fee | ||
| Deposit Time | Payments before 5PM PT / 8 PM ET is available the next business day | |
| Chargeback Fee | ||
CreditDonkey® Reviews | ||
| | |
| Price |   |  |
| Equipment | | |
| Contract | | |
| Customer Service | | |
| Ecommerce | | |
| High Volume Business | | |
| Low Volume Business | | |
| Pros & Cons | Pros:
| Pros:
|
| Bottom Line | Cheap merchant account provider for high-volume businesses... | Good credit card processor for low-volume businesses... |
| Visit Site | Visit 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 Reader: Free Mobile Credit Card Reader
- Pay 2.6% + 15¢ Per Swipe for Visa, Mastercard, Discover, and American Express
- Accept Credit Cards Anywhere
- Fast Setup, No Commitments
Square Contactless and Chip Card Reader
- Pay 2.6% + 15¢ per tap or dip for Visa, Mastercard, Discover, and American Express
- Accept Chip Cards and Contactless Payments Anywhere
Square Terminal
- 2.6% + 15¢ per tap, dip, or swipe
- Fully integrated POS system with built-in receipt printer
- 5.5" display
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 Stripe.
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
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