Square vs Payment Depot
Square is a good credit card processor for low-volume businesses. How does it compare to Payment Depot? Read our comparison chart below.
Square has a low swipe fee of 2.6% + $0.10 per transaction. 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.
While 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.
Compare Square with Payment Depot, side-by-side. Read on for an in-depth look, including ratings, reviews, pros and cons.
 |  | |
| Visit Site | Visit Site | |
Square | Payment Depot | |
|---|---|---|
Square Reader: Free Mobile Credit Card Reader - | Save 40% or More - | |
Benefits and Features | ||
| Monthly Fee |
| |
| Good For | Mobile & small businesses with average transaction over $100 | Businesses processing $20,000 or more per month |
| Equipment | Card reader: $0 to $59; Stand, Terminal, and Register available for purchase | POS (EMV, Magstripe, NFC, Contactless, Smart Terminals), Mobile Payment Processing, Online Payment Processing |
| Accept International Payments | ||
| Customer Service | Phone, Email, Live Chat Support, Seller Community | Phone, Email, Ticket Center, Social Media Platforms (Facebook, Twitter, LinkedIn) |
| Fraud Prevention Tools |  | |
| Invoice Management | | |
| Pricing Model | ||
| Recurring Billing | | |
| ACH Payments | ||
| Swipe Rate | ||
| Online Rate | ||
| 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 | Good credit card processor for low-volume businesses... | Cheap merchant account provider for high-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% + 10¢ 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% + 10¢ per tap or dip for Visa, Mastercard, Discover, and American Express
- Accept Chip Cards and Contactless Payments Anywhere
Square Terminal
- 2.6% + 10¢ per tap, dip, or swipe
- Fully integrated POS system with built-in receipt printer
- 5.5" display
Which is Better: Square or Payment Depot?
Still need help deciding which merchant services is better? Read the in-depth reviews below. You may also be interested in comparing Square or QuickBooks.
In short: Square's equipment and low volume business are impressive. Payment Depot's customer service and high volume business are notable. In particular, the high volume business is excellent.
Articles on Square
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