Tennessee Supports Transparency and so does Payment Depot Tennessee House Bill 547 requires credit card processors to include the aggregate fee percentage on monthly Statements. At Payment Depot, We love this idea! Our sales team always advises potential members to find their effective rate when shopping around. To calculate this rate, pull out your old […]
Is Square a good Credit Card Processor for Every Business? Square reported earnings this week and one thing from the report really caught my eye. They reported that a higher percentage of revenue is coming from large merchants. Square offers a simple pricing structure of 2.75% per transaction (or 3.5% and $0.30 if Keyed In). […]
Why do Payment Depot’s reviews matter? Our members mean everything to us., so we love to read their reviews. Members are the lifeblood of our company, so good or bad, we want to hear what members’ are saying. Our goal is to provide the best service in the industry, so we chose Trust Pilot to collect and […]
When we created Payment Depot one of our first decisions was to have no cancellation fees for our members. If someone is unhappy for any reason they should be able to cancel their account and find another merchant processor. That means that we have to be transparent with our pricing and always provide the best service in […]
Would you pay $4800 for a $300 terminal? One merchant that we spoke to did exactly that. She had a $99/mo lease for 48 months on a terminal that could have been purchased for under $300. Terminal leases are great for processors and horrible for merchants. You can guarantee that any Credit Card Processor that pushes […]
Since we pass through the direct rates from the card brands to our members, it is in our best interest and yours to get the lowest possible rates. If you are a B2B merchant or you accept a lot of corporate and purchasing cards you should be entering level II data when you key enter […]
Yesterday, Apple announced that the iPhone 7 no longer has the 3.5mm headphone jack, which has been the primary way to connect a mobile card reader to phones and tablets. We have been getting calls and emails from members asking how this will impact them so I wanted to post our thoughts about the future of mobile processing. […]
One of our first decisions when we started Payment Depot was to have no cancellation fee. We even took it a step further by offering a 90 day money back guarantee on your membership fee if you aren’t happy with us for any reason. In the credit card processing industry, a 3 year contract with a […]
We are quickly approaching the one year anniversary of the EMV liability shift. The transition to EMV has been rocky at best and quite a pain point for many merchants and processors. Slower checkout times, delays in certifications, and the lack of software updates have forced small business owners to hold off on upgrading their terminals […]
At Payment Depot we know that your time is valuable and you don’t want to be bothered during your operating hours by another salesman trying to pitch their products and pricing. So from day 1, we made the decision to avoid using door to door salesmen and cold calls. Many businesses are being inundated with these […]
We love Merchant Maverick, a great website that helps small business owners learn about credit card processing and decide which merchant service company will be the best for them. In fact, many of our members tell us that they found Payment Depot by first reading reviews of other companies on MM. So when we saw […]
One of the most common things business owners search for before they become one of our members is: “Payment Depot Reviews.” Well, here’s a great testimonial coming from one of our members, Chetek Cafe. We’re proud of the customer service provided by our team here, as we aim to provide amazing, above and beyond the […]
At Payment Depot, we love hearing from our members, and we’re proud of our staff that takes care of things behind the scenes. Here’s a great email from one of our members, a satisfied small business owner who was having some technical issues with her merchant account. From: Tricia Sent: Wednesday, August 03, 2016 3:51 […]
In the credit card processing industry, everyone promises to save you money, but very few companies take the time to really serve their customers. At Payment Depot, we already know that we have the lowest prices in the industry, but we are even more interested in providing the best possible service to all of our […]
In a budget-conscious university market, this artist-retailer keeps her costs low and product selection just right for students and professionals. Peggy Gomez opened the doors to Gomez Art Supply in 2003, situating the enterprise near her alma mater, the University of Nebraska in Lincoln, Nebraska. In the years since she’s learned a lot about […]
Revel is an Apple iPad POS system that was founded in 2010 by CEO Lisa Falzone and CTO Chris Ciabarra. It began beta testing in the fall of 2011 and by October of 2012, Revel announced that it had already reached profitability. In January of 2012, Revel was given the award for the Best iPad […]
Ambur POS Review This review will feature a product that is doing amazing things within the restaurant community. Ambur is a restaurant point-of-sale system that was created by restaurant employees specifically for restaurants. The cloud based system was born in Kabab and Curry, a family owned restaurant in Williamsville, NY. In order to simplify the […]
Here at Payment Depot we love getting feedback from our members. We usually get emails after our members get their first statement thanking us for the savings, but we are even more proud when we get emails thanking us for our service. Everyone in this industry promises savings (some don’t deliver, but they all promise) […]
More healthcare customers using plastic; a new generation of ownership successfully minimized credit card processing fees Ryan McEniff’s aunt ran the company she founded, Minute Women Home Care, for three decades until she retired in 2001. Her staff kept the business going for another ten years at about a breakeven point when McEniff stepped in to […]
We often see small business owners saving a lot of money, but this new Payment Depot member is one of the best examples ever! This Dance Studio is a thriving business, bringing in about $78k a month in gross credit card transactions, but they had no idea that their merchant account costs were way too high. When […]
