Venmo vs Payment Depot

	Venmo	Payment Depot

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	SPECIAL OFFER Try Venmo business profiles for 30 days - Learn More	SPECIAL OFFER Save Over $400 Per Month on Average - Learn More Read Payment Depot Review
	Benefits and Features
Monthly Fee	$0	Start at $79/month (Process up to $250,000/yr) Custom quote (Process more than $250,000/yr)
Good For	Small mobile businesses and freelancers who want to take Venmo payments	Businesses processing $20,000 or more per month
Equipment	None needed	POS (EMV, Magstripe, NFC, Contactless, Smart Terminals), Mobile Payment Processing, Online Payment Processing
Customer Service	Phone, email, and messaging through the app	Phone, Email, Ticket Center, Social Media Platforms (Facebook, Twitter, LinkedIn)
Fraud Prevention Tools
Invoice Management		Integration needed
Pricing Model	Flat-Rate	Subscription
Recurring Billing		Integration needed
Swipe Rate	1.9% + $0.10	Interchange rate + $0.08
Online Rate	2.9% + $0.30	Interchange rate + $0.18
Keyed-in Transaction Fee	N/A	Interchange + 18¢
Deposit Time	Instant access to the funds in your Venmo account for in-person payments.	Next day deposits
Chargeback Fee	N/A
	CreditDonkey® Reviews

Price
Equipment
Contract
Customer Service
Ecommerce
High Volume Business
Low Volume Business
Pros & Cons		Pros: Affordable membership pricing Cancel anytime Cons: Not ideal for small businesses Equipment return fee
Bottom Line		Cheap merchant account provider for high-volume businesses... Read full review
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	Try Venmo business profiles for 30 days	Save Over $400 Per Month on Average First Month Free Save 40% or More
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