Payment Depot is a popular merchant account provider known as the “Costco of credit card processing.” It uses a membership-style pricing model where businesses pay a flat monthly fee to access wholesale interchange rates with minimal markups.
Ideal for established small to mid-sized businesses with higher processing volumes, Payment Depot supports in-person, online, and mobile payments. Services include POS systems, eCommerce integrations, recurring billing, invoicing, and a free virtual terminal—backed by major processors like Fiserv and TSYS.
Payment Depot was founded in 2013 by Danny Choi and later led by co-founder and CEO Jared Isaacman, a payments industry visionary. The company quickly made a name for itself by disrupting traditional merchant services through a unique subscription-based pricing model. Instead of charging percentage-based markups, Payment Depot offered merchants direct access to wholesale interchange rates for a flat monthly fee.
This pricing innovation positioned Payment Depot as a cost-effective alternative for growing small and mid-sized businesses. The company partnered with top-tier back-end processors such as Fiserv and TSYS to deliver secure, reliable payment processing solutions. Over the years, Payment Depot expanded its services to include in-person POS solutions, eCommerce payment gateways, recurring billing, ACH transfers, and a complimentary virtual terminal.
In 2020, Payment Depot was acquired by Stax, further strengthening its product suite and extending its reach within the fintech and payments ecosystem. Despite the acquisition, Payment Depot continues to serve its merchant base under its original brand, offering transparent pricing and robust support.
Payment Depot carved out its space in the payments industry by offering a subscription-style pricing model that appeals to cost-conscious businesses. Companies with steady or high processing volumes have embraced the service, drawn by the predictability and transparency it brings to payment processing.
Payment Depot offers a range of solutions tailored for small to mid-sized businesses, including payment processing for retail, eCommerce, mobile, and virtual terminals. It also provides POS hardware, such as Clover systems and EMV/NFC terminals, backed by robust processing partners like Fiserv and TSYS.
In addition to core services, merchants gain access to invoicing, recurring billing, ACH payments, and integration with leading gateways like Authorize.Net. These features are all bundled into a flat-rate subscription model designed for cost-efficiency and simplicity.
Payment Depot supports secure and efficient card-less transactions through its virtual terminal and online payment solutions. Businesses can accept payments remotely via ACH transfers, invoicing, and payment links—eliminating the need for physical cards. These options are ideal for service-based or remote businesses looking to streamline billing while maintaining PCI compliance. The platform integrates with gateways like Authorize.Net and offers features like recurring billing, making card-not-present transactions simple and cost-effective. With Payment Depot, merchants can extend payment flexibility without sacrificing control or security.
Payment Depot offers a full suite of essential payment features tailored for small to mid-sized businesses. From EMV-compliant terminals to virtual terminals for card-not-present transactions, the platform ensures flexible, secure processing. Businesses benefit from tools like recurring billing, invoicing, ACH payments, and detailed reporting. Integration with leading gateways, including Authorize.Net, allows for seamless eCommerce operations. Combined with transparent flat-rate pricing, these features provide merchants with a reliable, easy-to-manage solution for all major transaction needs.
Payment Depot includes access to built-in payment gateway options, making it easy for businesses to accept online payments securely and efficiently. The platform integrates seamlessly with trusted gateways like Authorize.Net, supporting features such as hosted checkout, tokenization, and fraud prevention tools. Whether you’re managing an eCommerce store or sending invoices, the system enables smooth, card-not-present transactions. With real-time processing and PCI-compliant infrastructure, Payment Depot ensures a reliable online payment experience for both merchants and their customers.
Payment Depot provides a robust mix of hardware and software solutions to support in-person, mobile, and remote payment needs. Businesses can choose from EMV/NFC-enabled terminals, Clover POS systems, and mobile readers tailored to their environment. On the software side, merchants gain access to a virtual terminal, payment gateway integrations, invoicing tools, and detailed transaction reporting. All hardware comes ready for plug-and-play use, while the software is designed for ease of use, flexibility, and seamless integration with existing systems.
Payment Depot offers smart terminals that combine advanced technology with ease of use, ideal for modern business environments. These devices feature touchscreen interfaces, built-in receipt printers, and support for EMV, NFC, and mobile wallet payments. Powered by secure software, smart terminals can handle tipping, inventory, and customer data functions directly at the counter. Integration with Clover POS systems provides even greater flexibility and customization. These all-in-one terminals enhance transaction speed, security, and the overall checkout experience.
