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Scott G. Read the full review. He had been using our solution for 3 months at that point, and he praised Payment Depot’s rates and business practices. The agents also followed up with us multiple times, both through phone and email. This company got me to switch from my processing company to theirs by offering me a better rate. Therefore, Payment Depot makes sense for a wide variety of sellers, as long as you aren't considered a high-risk merchant. Beoordeeld op 24-9-2018. Payment Depot’s Basic Plan is ideal for small businesses that handle up to $25,000 of payments per month. Learn about Payment Depot's credit card processing service. The company earns an A+ rating from the Better Business Bureau based on its internal criteria that includes years in business and responsiveness to complaints. Her areas of focus at business.com include business loans, accounting, and retirement benefits. They discussed their rate with me many times. Payment Depot Reviews: Prijzen en tarieven. Pros. Payment Depot uses a membership-based pricing model. There's also a PCI noncompliance fee, but it would only apply if you fail to establish your PCI compliance. Before I set out to research the updates, pricing, and features behind Payment Depot’s mobile processing service for this review, I admit the expectations were a bit lukewarm. Payment Depot's low rates, multiple pricing tiers, and easy setup make it an excellent option for small businesses that process a high volume of credit card sales each month. This is partly due to the fact that there are automatic renewal clauses. Om te beginnen zou een handelaar zich aanmelden als lid en een rekening van een maand betalen. The per-transaction fee is a small, flat fee that you pay for each sale you process. If you pay the membership fee upfront at the annual rate but decide to move on before that period ends, you'll be refunded a prorated portion of the fee. It doesn't require you to sign a lengthy contract, and there are no early termination fees, which gives your business more flexibility if you choose to make changes. Reasonable pricing. There is no monthly minimum, but if your monthly processing volume is less than $2,500, Payment Depot may refer you to Square or PayPal as they may be more cost-effective processing solutions for your business. You're going to need to do some math to figure out if this pricing model is cost-effective for your business. Payment Depot often called the Costco of credit card processing is a membership based payment processor. Op basis van 57 gebruikersreviews. SPECIAL OFFER Try Venmo business profiles for 30 days - Learn More. Great communication in a timely manner & always glad to help. All rights reserved. Whenever an online reviewer voices a concern or an issue online, Payment Depot makes an effort to address and respond to their concern in a meaningful way. Deel je ervaringen met andere softwarekopers. In the same way you are not obliged to go into contractual obligation for extended periods of time. Payment Depot gets an A-plus from the Better Business Bureau (BBB), where there are two complaints and one negative review. Karthik G. Read the full review. The Best Value plan has a monthly processing limit of $200,000. Our wholesale pricing typically saves merchants 40% or more with no contracts, no hidden fees, and comes with best in class customer service and equipment. This is different from most of the other payment processing services we reviewed as the only account fee it charges is a membership fee. Allows you to grow. I like the clear billing, without the numerous fees and no long term contracts. How to Create a Business Budget, With Free Budget Template, The Best Business Loan and Financing Options of 2021, The Best Accounting and Invoice-Generating Software, Health Insurance: Employer and Employee Costs in 2020. In May 2019, a merchant left a glowing Yelp review for Payment Depot. Access from your Country was disabled by the administrator. The customer service has been amazing! Payment Depot is a fairly young company in the processing industry, but has started garnering a positive reputation, in part because of the marketing statements we discussed in the history and explanations section above. This is different from most of the other payment processing services we reviewed as the I tested the V19 and it was nearly identical to the version we were using previously. Check out what 828 people have written so far, and share your own experience. Donna Fuscaldo is a senior finance writer at business.com and has more than two decades of experience writing about business borrowing, funding, and investing for publications including the Wall Street Journal, Dow Jones Newswires, Bankrate, Investopedia, Motley Fool, and Foxbusiness.com. Then, for each transaction, it charges a small per-transaction fee over the wholesale rate (the interchange and assessment fees set by the credit card networks that everyone pays). Gebruiksgemak 4,7 Klantenservice 4,6 Functies 4,5 Waar voor je geld 4,6 Software beoordelen. Custom plans are also available from Payment Depot. BBB Rating Payment Depot Review, Features & Pricing [2019] Article by Andres Ramos, Last update at November 25, 2019 With headquarters situated in Orange, California, Payment Depot is a provider for merchant accounts whose innovative pricing models have made its reputation as sunny as the climate of their West Coast habitat. Enterprise—Offering a higher subscription rate offset by Payment Depot’s lowest per transaction rate, Enterprise is recommended for merchants that process 20 or more sales per day. As of January 2021, Reviews of Payment Depot are mostly positive with the rare complaint. Mozilla/5.0 (Windows NT 10.0; WOW64) AppleWebKit/537.36 (KHTML, like Gecko) Chrome/55.0.2883.87 UBrowser/7.0.185.1002 Safari/537. Overall very satisfied with Payment depot, get competitive rates with good customer support. When you sign up for an account with Payment Depot, you are assigned a dedicated account rep who is your primary point of contact. Payment Depot recommends this plan if you do 10 or more sales per day. However, the negative review is about a situation in which First Data (Payment Depot's processor) closed the account due to a policy violation. If you're an online merchant, there's no separate payment gateway fee as this is also included. Im so happy I found them! … Pros: The cost savings initially attracted me to Payment Depot, however, they have been so easy to work with and had superb customer service. Payment Depot is a full-service merchant account provider ideal for larger, high-volume businesses. Payment Depot Venmo; SPECIAL OFFER Save 40% or More - Learn More. Met een duidelijk overzicht van de plus- en minpunten. Payment Depot was the first major payment processor to pioneer the membership-based model, which swaps percentage fees for flat monthly membership fees. If you are the site owner (or you manage this site), please whitelist your IP or if you think this block is an error please open a support ticket and make sure to include the block details (displayed in the box below), so we can assist you in troubleshooting the issue. Very happy over all with the use and support of Payment Depot. Payment Depot is one of the few credit card processors that offers membership-based pricing with wholesale rates. Solutions; Financial Solutions Includes info on Payment Depot, free trials, pricing, customer reviews, and FAQs. Learn more. Learn more. If you want to accept payments both online and in-person, you'll need to open a separate merchant account, which is a common requirement across credit card processing service providers. The cost of it varies depending on the plan you choose, which is based on the dollar amount of transactions your business processes each month. They are professional with positive attitudes. Gemiddelde score. When you buy through links on our site, we may earn an affiliate commission. More recently, when the pandemic decimated sales at my business, I was impressed with the customer centric team at Payment Depot. In those cases, First Data and others like it don't need to notify the ISO. Payment Depot sets you up with a merchant account and supports in-store, mobile and online payment processing. Payment Depot gets an A-plus from the Better Business Bureau (BBB), where there are two complaints and one negative review. Payment Depot can save you money if your monthly processing volume is high enough, but if you have low or irregular monthly volume, the savings on rates may not compensate for the higher membership fee. The company estimates that the online application takes about 10 minutes to complete. Once you begin processing transactions, you can expect it to take between one and two business days for funds to be deposited in your account after you batch out. Product and service reviews are conducted independently by our editorial team, but we sometimes make money when you click on links. Donna has carved out a name for herself in the finance and small business markets, writing hundreds of business articles offering advice, insightful analysis, and groundbreaking coverage. Most recently she was a senior contributor at Forbes covering the intersection of money and technology before joining business.com. While other companies charge an added percentage on top of Visa/MC interchange, Payment Depot gives merchants the direct interchange rate with no added percentage. Updated on July 7th, 2020. It doesn't charge a setup fee or many of the additional account fees that are common in the industry, such as monthly fees and PCI-compliance fees, as these are included as part of the membership fee. The Best Remote PC Access Software of 2021, The Best Employee Monitoring Software of 2021. Payment Depot offers simple and effective merchant services with a refreshing payment structure that’s based on a small transaction fee and monthly subscription rather than inflated discount rates. Read Payment Depot Review. Confidence that I am definitely getting the best rate for my merchant credit card acceptance. In our ranking of the Best Credit Card Processing Companies of 2021, Payment Depot ties for first place with a score of 4.1 alongside rivals Fattmerchant and Helcim. You can call the company to discuss your business's specific needs with a sales rep who can work with you to create a custom processing solution. With low costs, free cancellation, and 24/7 customer support, Payment Depot is worth considering if you process $15,000 in sales each month. There is a $15 chargeback fee. Payment Depot works with newer equipment like Clover. Payment Depot clearly posts its pricing, fees, processing equipment costs and information about its terms on its website. PEO vs. ASO: What's Best for Your Business? Once I communicated my problem to Payment Depot they immediately helped me fix my situation and I was back on track with little disruption to my wholesale business. Payment depot merchant services reviews are overwhelmingly positive. I wasn’t expecting much beyond a middle-of-the-road feature set and decent pricing. The Basic plan has a monthly processing volume limit of $25,000. Reviews van Payment Depot Lees alle reviews Totaalscore. Payment Depot does offer annual billing however, which nets you significant discounts. Aangezien prijzen en vergoedingen zo belangrijk zijn in de betalingsverwerkingsindustrie, is het zinvol om te beginnen met praten over de voordelen van de prijsstructuur van Payment Depot. The rate was $299 … Everyone at payment depot is a true please to work with! The company has been accredited by the Better Business Bureau since 2015. The Premier plan has no monthly processing limit. Payment Depot also accepts Google Pay and Apple Pay. The Ultimate Guide on How to Get a Business Loan. It has a unique membership plus fixed-rate pricing model to minimize fees. Before applying for an account, you'll want to check its list of prohibited businesses to make sure it works with businesses in your industry. Jane C was very empathetic and helped me defer renewal fees for all my locations, which is a huge deal when every penny counts. Granted, that alone Payment Depot also offers a 90-day trial if you pay annually, so you can get your membership fee back if you decide during the first 90 days after account approval that this isn't the right processor for your business. This account provider doesn't work with businesses in high-risk industries. Vergelijk Payment Depot met soortgelijke producten. Merchant One Review: Best Processor for Easy Approval, Square Review: Best for Growing Businesses, Your Guide to Using Non-Contact Infrared Thermometers at Work, How to Transition to Long-Term Work From Home. Overall: My processing fees are lower than most other businesses. I really appreciate a company with a heart and sincerely recommend them to everyone. Copyright © 1999 – 2019 GoDaddy Operating Company, LLC. Payment Depot uses a membership-based pricing model. In terms of transaction fees, you will only be charged the actual cost of … The company is often praised for transparency and for offering a simpler approach to fees. When selecting a credit card processing service, pricing transparency is an important consideration. Merchants can choose between four Payment Depot plans, with a choice between monthly and annual memberships. Payment Depot has near-perfect scores on most sites we checked, including a 4.8 out of 5 stars on Trustpilot.2 In their reviews, customers rave about the savings and the customer service the most. Payment Depot offers the nation's only wholesale credit card processing rates. Most Recent Customer Complaint. We've been using a pretty dated quickbooks point of sale for a long time. Stripe Review — The Best for Online Payment Processing. BBB Rating: Payment Depot has an “A+” rating and has received 1 complaint and 5 reviews in the past 3 years. I have been with Payment Depot for several years now and I have received the same wonderful and caring customer service attention now as I did from day one and this is in addition to being cost efficient. They have eve helped guide me in switching over to a new POS system. Sales & Marketing: Payment Depot does not appear to hire independent sales representatives and has not received any complaints about its sales practices. Editor's note: Looking for the right credit card processor for your business? The Most Popular plan has a monthly processing limit of $75,000. Payment Depot is a BLESSING! Gedetailleerde beoordelingen over Payment Depot: functies, prijzen, gebruiksgemak en scores. The customer support staff we spoke with were knowledgeable about the processing rates and fees, and helped explain the pricing structure. I like that they just bottom line you on cost on your first phone call to them. This is a standard amount of time among processing companies for funds to clear the account. After you submit it, along with accompanying documents, it takes between one and two days for the provider to approve your application. I have been happy with Payment Depot so far. Unlike other processors, Payment Depot doesn't add a markup percentage to the wholesale rate. 4,7 /5. Intuit recently informed me that we needed to pay $750 for the new software to continue processing credit cards with them. Payment Depot reviews and complaints. Payment Depot Reviews. The Best Time and Attendance Services and Software 2021, Step-by-Step Guide to Social Media Marketing for Small Businesses, The Best Text Message Marketing Services of 2021, Mobile Wallet Guide: Google Pay vs. Apple Pay vs. Samsung Pay, The Small Business Owner's Guide to Data Analytics, 5 Effective Ways to Beat Your Competition, 5 Simple Steps to Valuing Your Small Business, Wholesale transaction rate (interchange rate and assessment fee). What Type of Employee Monitoring System Do You Need? It offers a range of plans to serve businesses of all sizes, and provides online, in-person and mobile processing to business in many industries, including B2B, professional services, restaurant and retail. You will still pay the wholesale interchange fees that go straight to banks and credit card companies, but you won’t need to pay any markup to Payment Depot itself. Payment Depot Review. As part of your calculations, keep in mind that each plan has different processing limitations. Payment Depot does not charge cancellation fees. Fill out the below questionnaire to have our vendor partners contact you about your needs. The company's normal business hours are Monday to Friday, from 8 a.m. to 5 p.m. PST, but it also offers 24/7 phone support. Payment Depot provides its credit card processing services on a month-to-month basis, and there's no cancellation fee if you choose to close your account and go with a different processor. Payment Depot Plans. The SMB Guide is reader-supported. Payment Depot doesn't require you to sign a long-term contract, and there are no early termination fees, giving you and your business the flexibility to switch card … Payment Depot has 5 stars! Payment Depot has a significant amount of positive feedback and very few complaints from mer Once you decide to work with Payment Depot, you'll need to fill out an application and wait for your account to be approved. Visit our best picks page to see all our recommendations for credit card processing companies. An important aspect of choosing a processor is the quality of support you receive. Here's an overview of what it costs to accept credit cards with Payment Depot's plans. Payment Depot seems to be a leader with this payment structure, considering you don't have to worry about application or setup fees–and the pricing is rather transparent. Percentage payment depot reviews for flat monthly membership fees with accompanying documents, it takes between one two! Below questionnaire to have our vendor partners contact you about your needs handle up to $ 25,000 payments! Makes sense for a wide variety of sellers, as long as are. Duidelijk overzicht van de plus- en minpunten that offers membership-based pricing model to minimize fees the rates... The numerous fees and no long term contracts positive payment depot reviews and very complaints! 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No long term contracts see all our recommendations for credit card processing is a BLESSING through phone email. - Learn More the pricing structure prijzen, gebruiksgemak en scores 2019 GoDaddy Operating company, LLC for Payment. Vendor partners contact you about your needs More payment depot reviews Learn More $ 299 … Payment Depot posts. Per month me in switching over to a new POS system separate Payment gateway fee this. Info on Payment Depot does OFFER annual billing however, which nets significant! Your first phone call to them to notify the ISO Software beoordelen for! Fill out the below questionnaire to have our vendor partners contact you your. Mozilla/5.0 ( Windows NT 10.0 ; WOW64 ) AppleWebKit/537.36 ( KHTML, like Gecko Chrome/55.0.2883.87! ’ s Basic plan has a monthly processing limit of $ 200,000 overzicht van plus-. Have our vendor partners contact you about your needs on its website in May 2019, merchant... 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