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Payment Depot Review: Will Payment Depot’s Credit Card Processing Save You Money?

Payment Depot's subscription pricing is simple, affordable, and best for businesses that have a processing volume of at least $10,000 per month.

    Frank Kehl
  • 126 comments
  • Updated on:
Advertiser Disclosure: Our unbiased reviews and content are supported in part by affiliate partnerships, and we adhere to strict guidelines to preserve editorial integrity.

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Taking $5,000 per month or less in card payments?

You’ll save with Square

Frank Kehl

Frank Kehl

Expert Analyst & Reviewer at Merchant Maverick
Frank Kehl has been researching and analyzing merchant services, payment gateways, and international money transfer services since 2015. He has a Bachelor of Science degree from Penn State and a Juris Doctorate from the Ventura College of Law.
Frank Kehl
View Frank Kehl's professional experience on LinkedIn.



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After hours of in-depth research and evaluation, we can confidently recommend this brand to our readers. Get started today and see Payment Depot for yourself.

The Merchant Maverick Seal of Approval 🏆

Payment Depot



Visit Site

After hours of in-depth research and evaluation, we can confidently recommend this brand to our readers. Get started today and see Payment Depot for yourself.

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To learn more about how we score our reviews, see our Credit Card Processor Rating Criteria.
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126 Comments

Responses are not provided or commissioned by the vendor or bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the vendor or bank advertiser. It is not the vendor or bank advertiser's responsibility to ensure all posts and/or questions are answered.

    Joey avi

    Organization Name: Eagle movers

    mix feeling, with my Busines in CA , I was very happy with them.everything was as they say . was really no issues .then moved to TX, I contact them again, this time I dealt with two other guys, [Names Redacted] , two clowns basically . they lie about everything . the lie about when you get the founds to your account, the lie about sending you another terminal , they don’t reply emails. rude on the phone. 3 weeks after I am still chasing them. STAY AWAYthe also sign you with a different provider and you not even aware of. STAY AWAY

    1
    • Organization Name: Eagle movers

    This comment refers to an earlier version of this review and may be outdated.

    D Gallo

    Organization Name: Country Mile Gardens

    Simply put if you do any kind of volume Payment Depot will almost assuredly be the cheapest rate you will find anywhere. We have saved $10,000 in processing fees over only 3 months from our previous processor who we believed was pretty cheap. Our effective rate for the past month was 1.77% (no amex) which absolutely blew the doors off of our previous rate of around 2.11% and is comically cheaper than the rates people are mentioning here from square and the like.

    5
    • Organization Name: Country Mile Gardens

    This comment refers to an earlier version of this review and may be outdated.

    Ilyas nazir

    Organization Name: Free fire garena

    I want refund my money I don’t want your service I purchase my free fire topup you deducted my payment but I don’t recieve my topup diamonds so I requst you please refund my money 400

    • Organization Name: Free fire garena

    This comment refers to an earlier version of this review and may be outdated.

    Jessica Dinsmore

    Hello Ilyas,

    I’m afraid it’s unlikely that Payment Depot will see your message here on our blog. You can try calling their support number: 877-877-7668 or you can submit a support request form. I hope that helps you get some assistance. Good luck to you!

      This comment refers to an earlier version of this review and may be outdated.

      Luigi Beltran

      Organization Name: Luigi's Ice Cream

      Payment Depot, as this article stated, is a middle-man. A 3rd party selling merchant services on behalf of a processor. Just a life lesson: If you’re looking for the cheapest anything possible, cut out the middle-man.I made the mistake of going with Payment Depot and ended up with a 4.0% effective rate!! That’s with me paying their most expensive $999 annual plan!I’d be happy to share more of my personal experiences and can be reached at my personal email: LBVZWNYM@GMAIL.COMThank you and best of luck!

      1
      • Organization Name: Luigi's Ice Cream

      This comment refers to an earlier version of this review and may be outdated.

      Sue P

      we are a small appraisal company. Owner wants me to look into adding the use of credit cards. I have only had maybe 10 or less a year that ask to use one. i have been reading up on your website, and great info by the way. I also read the many, many bad experiences with Square & Paypal so I would not use them. what would be some other options? Thanks.

        This comment refers to an earlier version of this review and may be outdated.

        Jessica Dinsmore

        Hi Sue,

        I’d need more specifics on your processing volume to make a recommendation, but I bet our Credit Card Processor Filtering Tool will be able to get you pointed in the right direction!

          This comment refers to an earlier version of this review and may be outdated.

          Leith Longacre

          I’m opening an art studio for kids. My research shows my average transactions and prices per month as such:
          20 transactions @ $140 = $2800
          100 transactions @ $10 = $1000
          5 transactions @ $20 = $100
          15 transactions @ $40 = $600
          Totaling 140 transactions equaling $4500

          What would be the best CC payment system. I plan on taking payments online (maybe recurring) and at the studio via a mobile CC reader.

          All this info is overwhelming, thanks in advance!

            This comment refers to an earlier version of this review and may be outdated.

            Emily Hale

            Hi, Leith!

            Thanks for your question. We don’t believe that Payment Depot is the best choice for your business, given your relatively low monthly processing volume. You might want take a look at Square, which you’ll find has predictable flat rates. Best of luck!

              This comment refers to an earlier version of this review and may be outdated.

              Aaron Kaeb

              Organization Name: Heidi's Farmstand and Bakery

              I used payment depot for my 2017 season. I was satisfied with them as a payment processor. It was a cut rate processor, and everything about it felt like it (Service hours etc). However, they are are cheap processor and did everything I needed. However, when I moved to Square it was definitely a step in a better direction for my business. With all the fees that showed up on the bill from Payment depot they were very close to the same price as square (2.75%).

              4
              • Organization Name: Heidi's Farmstand and Bakery

              This comment refers to an earlier version of this review and may be outdated.

              Alexander Melnick

              Organization Name: Coffee Holding Company

              Payment Depot made the transition from our initial processor easy and painless. The estimates they provided were both significantly better than our previous processor and ended up being very accurate to the eventual new charges.

              Our salesperson John B. made everything simple and is always quick to respond. I would not hesitate to recommend this company to anyone looking to save money on CC processing.

              • Organization Name: Coffee Holding Company

              This comment refers to an earlier version of this review and may be outdated.

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