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Payment Depot Review 2021 | Best Credit Card Processing
Payment Depot Review 2021 | Best Credit Card Processing
July 14, 2021 / Nadav Shemer
Payment Depot Review 2021 | Best Credit Card Processing
July 14, 2021 / Nadav Shemer
Membership-based processor
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Payment Depot aims to bring greater transparency to the credit card processing market. For just a small monthly membership fee, you get a large volume of transactions at wholesale interchange rates with no markups. Payment Depot has been around since 2013 and maintains one of the best customer satisfaction ratings in the industry.


  • Transparent pricing
  • 90-day risk-free tria
  • High level of customer satisfaction


  • High-risk businesses excluded
  • Requires a terminal from Payment Depot

Payment Depot in Brief

Monthly fee: $79 – $199

Per swipe fee: $0.07 - $0.15 + interchange

Setup fee: None

Cancellation fee: None

PCI compliance fee: None

Best for: Transparent and predictable transaction fees


Payment Depot offers three equipment options:

1. Reprogram your existing terminal for free. Due to imminent updates to terminals, many of the standard EMV terminals used by businesses will soon be obsolete. Therefore, unless you have a new model, Payment Depot will most likely recommend purchasing a terminal.

2. Use Payment Depot’s free key-entry virtual terminal. This virtual terminal allows you to key enter credit card transactions on any web browser on any device. This option is ideal for businesses with a low volume of daily transactions.

3. Purchase a terminal. Options include:

  • BBPOS Chipper 2x - $99
  • Dejavoo Z11 terminal - $299
  • First Data FD150 - $299
  • Ingenico Desk 3500 - $199
  • Ingenico Desk 5000 - $249
  • PAX A80 - $299

POS solutions

Payment Depot sells the full range of Clover POS solutions along with a range of other smart terminals. The options include:

  • Clover Flex - $499
  • Clover Mini LTE - $749
  • Clover Station - $1,599
  • Clover Station Pro - $1,699
  • Vital Plus - $449
  • Vital Select - $1,499
  • Poynt Smart Terminal - $599

If you’d like to integrate your existing POS system, then the good news is that Payment Depot offers instruction manuals for many of the most common makes and models. If you require further assistance, Payment Depot says it will work with you and your POS provider to find a solution.

Merchant Services

Payment Depot offers quick access to working capital through its partnership with Fundomate. To apply, just fill out a short online form, view your offers, and you’ll receive the funds in your account in less than 24 hours. Depending on your eligibility, you may be able to get a repayment term of up to 18 months.

The minimum qualifications are:

  • Personal FICO credit score of 500
  • Businesses must have been operating for at least 6 months
  • Minimum $15,000 in gross monthly revenue over the last 3 months


Payment Depot is a membership-based credit card processing company. While most credit card processors mark up the wholesale rates set by Visa, MasterCard, and the other card brands, Payment Depot passes through the wholesale rates and only charges a small monthly membership fee. The PCI compliance fee is even built into the membership fee!

Here are the monthly membership fees:

Starter Most Popular Enterprise
Price 79/month $99/month $199/month
Transaction fee Interchange + $0.15 per transaction Interchange + $0.10 per transaction Interchange + $0.07 per transaction
Max. transaction value $50,000/month $150,000/month $300,000/month
Breach protection

Dedicated account manager

To see the different interchange fees for each card brand and transaction type, go to the Payment Depot website and click How It Works > Interchange Rates.

Applying and contracts

To get started, fill out the short application form on the Payment Depot website or call Payment Depot directly (number under Customer Support below). To apply, you’ll need to provide your company name, personal name and contact details, and monthly processing volume.

The great news is that Payment Depot has no contracts and no cancellation fees. All memberships come with a 90-day risk-free trial.

Note that Payment Depot doesn’t work with high-risk businesses such as collection agencies, CBD companies, online gambling sites, online pharmaceutical sites, and weapons sellers.

About Payment Depot

Entrepreneur Danny Choi founded Payment Depot in 2013 with the goal of levelling the playing field for small businesses. Payment Depot is based in Orange, CA. It is a registered ISO of Wells Fargo Bank, Concord, CA.

Customer Support

Payment Depot has one of the highest customer-service ratings in the credit card processing industry, with a 4.9/5 rating from 1,000+ Trustpilot reviews. The company is accredited with the Better Business Bureau, where it maintains an A+ rating.

To speak with customer support, call 877-876-8776.


It’s always nice to see transparency in the credit card processing industry, and Payment Depot is certainly one of the most transparent. The monthly membership fee may be a turn-off at first, but it’s actually great value. When you think about how much most credit card processors markup interchange fees, it only takes a low volume of transactions each month for Payment Depot to deliver a return on your investment.

Get started now, visit Payment Depot
By Nadav Shemer
Nadav Shemer specializes in business, tech, and energy, with a background in financial journalism, hi-tech and startups. Nadav writes for He enjoys writing about the latest innovations in financial services and products.
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