About Payment Depot
Payment Depot is a wholesale payment processing provider that charges merchants a monthly membership fee in exchange for direct interchange rates with no percentage markup. This model is ideal for businesses processing $25,000 or more per month, delivering significant savings compared to flat-rate and tiered pricing. Payment Depot provides a payment gateway, virtual terminal, and integrations with major POS systems and shopping carts.
What's Great
- ✓Wholesale interchange-direct pricing delivers maximum savings at high volume
- ✓No percentage markup on top of interchange for membership holders
- ✓Payment gateway, virtual terminal, and major POS integrations included
- ✓Month-to-month membership with no long-term contracts required
Watch Out For
- !Monthly membership fee is only cost-effective above $25,000/month in processing
- !Not suitable for small businesses with low transaction volumes
- !Limited proprietary hardware and software compared to Square or Clover
- !Customer support hours are more limited than enterprise providers
Common Use Cases
High-volume merchant processing $50,000+ monthly seeking the lowest possible rates
Established business upgrading from flat-rate pricing to wholesale interchange-direct
Retailer wanting to integrate Payment Depot's gateway with an existing POS system
Pricing Model
Paid
Paid subscription required. Check the website for current pricing and free trials.
Category
Point of Sale
In-person payment terminals and POS systems for retail, restaurant, and service businesses.
Tags
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Clover
Flexible POS hardware and software platform for retail and restaurant businesses
Chase Payment Solutions
Bank-backed payment processing with next-day funding through Chase