![Payment Depot](/img/default-banner.jpg)
- 28
- 339 718
Payment Depot
United States
เข้าร่วมเมื่อ 6 พ.ค. 2014
Payment Depot was started out of frustration with traditional credit card processing companies. We set out to be different by offering business owners a transparent pricing structure. Our program allows our members to pay only the True Cost from the credit card brands. No marked up rates, no surprises!
At Payment Depot we are committed to providing an excellent experience for all of our members by saving them more money. We never profit from rates, which means our members keep more of the money they earn.
At Payment Depot we are committed to providing an excellent experience for all of our members by saving them more money. We never profit from rates, which means our members keep more of the money they earn.
Debit Card vs. Credit Card Transactions
Want to know the biggest difference between debit and credit transactions?
Debit cards translate right into cash, as do ATM cards; whereas customers can’t withdraw cash from a credit card. Debit cards are “buy now, pay now” while credit cards are “buy now, pay later.” Credit cards are great in a pinch and for customers who are in the process of building up their credit. Debit cards are perfect for those who prefer to work with the money they already have.
As a retailer, you have very little control over whether your customers use credit or debit cards for transactions. What you can control, however, is how much your business pays for credit card processing. Additionally, credit cards give customers the chance to build up their credit score when they make timely payments. With credit cards, customers can maintain or increase their spending limit by making monthly payments. But they’ll still have to pay a monthly interest charge on their credit card balance.
With debit cards, on the other hand, what you see is what you get. Another key difference between debit and credit cards is that you can’t spend past your limit with debit cards.
Still have questions? Read our blog post for more information on our website here: paymentdepot.com/blog/difference-between-debit-and-credit/
#paymentprocessing #creditcard #debitcard #paymenttransactions #creditcardmachine #smallbusiness #b2b #creditcardprocessing #debitcardprocessing #paymentdepot
Visit our website: paymentdepot.com/
Facebook: SaveWithPaymentDepot
Instagram: paymentdepot
LinkedIn: www.linkedin.com/company/payment-depot/
Twitter: paymentdepot
CREDITS
- Icons: flaticon.com
Debit cards translate right into cash, as do ATM cards; whereas customers can’t withdraw cash from a credit card. Debit cards are “buy now, pay now” while credit cards are “buy now, pay later.” Credit cards are great in a pinch and for customers who are in the process of building up their credit. Debit cards are perfect for those who prefer to work with the money they already have.
As a retailer, you have very little control over whether your customers use credit or debit cards for transactions. What you can control, however, is how much your business pays for credit card processing. Additionally, credit cards give customers the chance to build up their credit score when they make timely payments. With credit cards, customers can maintain or increase their spending limit by making monthly payments. But they’ll still have to pay a monthly interest charge on their credit card balance.
With debit cards, on the other hand, what you see is what you get. Another key difference between debit and credit cards is that you can’t spend past your limit with debit cards.
Still have questions? Read our blog post for more information on our website here: paymentdepot.com/blog/difference-between-debit-and-credit/
#paymentprocessing #creditcard #debitcard #paymenttransactions #creditcardmachine #smallbusiness #b2b #creditcardprocessing #debitcardprocessing #paymentdepot
Visit our website: paymentdepot.com/
Facebook: SaveWithPaymentDepot
Instagram: paymentdepot
LinkedIn: www.linkedin.com/company/payment-depot/
Twitter: paymentdepot
CREDITS
- Icons: flaticon.com
มุมมอง: 3 243
วีดีโอ
How To Choose The Right Payment Terminal: Credit Card Machines 101
มุมมอง 8222 ปีที่แล้ว
Choosing the right payment terminal depends on the nature of your business, the processes you have, and your technology requirements. There is no single path towards choosing the right credit card machine, so you would need to factor in things like your business activities and procedures, your existing technology, and your location. It’s also important to consider payment types you need to acce...
Payment Gateway vs. Payment Processor: What's the Difference?
มุมมอง 3.4K2 ปีที่แล้ว
Your payment gateway protects your customer’s credit card information when they make a purchase at your online store. You can think of your payment gateway as the gatekeeper for all your customers’ online transactions. Your payment gateway encrypts the cardholder’s data during credit card payments and debit transactions. Your payment processor moves money from your customer’s account to your (m...
How To Accept Mobile Payments
มุมมอง 3.4K2 ปีที่แล้ว
Mobile payments can be a confusing topic for retailers as there are two sides to this space: 1. Mobile card readers - Mobile card readers are point-of-sale (POS) solutions that accept payments from customers. Mobile card readers could theoretically accept both credit cards and mobile wallet payments (if you have the right one). 2. Mobile payments - Mobile payments are electronic payments that a...
A Merchant Friendly Guide To Credit Card Networks
มุมมอง 4642 ปีที่แล้ว
In hundreds of countries, credit card networks funnel sales income into retail businesses that range from neighborhood convenience stores to worldwide mega-retailers. They operate silently in the background, driving the processing of millions of credit card transactions daily. Each time a customer initiates a credit card sale, the credit card network charges you a preset fee to process that tra...
What Is ACH Payment Processing?
มุมมอง 87K2 ปีที่แล้ว
ACH payments are electronic fund transfers between banks. So, ACH payment processing is a convenient way to send and receive money using only a bank account number and routing number - no cash, checks, or cards necessary. If you’ve ever used direct deposit for your paycheck or signed up for recurring payments where the merchant deducts the funds from your checking account, then you’ve experienc...
How Do Invoices Work? A Practical Guide For Merchants
มุมมอง 5852 ปีที่แล้ว
So what is an invoice? In its simplest form, an invoice (sometimes called a “sales invoice”) records the details of a business transaction. For example, let’s say a vendor provides a small business with office cleaning services. Each month, the service provider sends the business an invoice that details how much the company owes them for their cleaning services. The invoice also specifies the t...
How To Select The Right Virtual Terminal For Your Business
มุมมอง 3492 ปีที่แล้ว
The main benefit of using a virtual terminal to process card payments boils down to the fact that it allows you to capture more sales. More payment options make the customer experience more convenient, which in turn leads to more sales. If you can accommodate multiple payment options, you’ll likely capture more shoppers as well. Payment technology has advanced significantly ever since we starte...
How To Cancel A Merchant Account: Here Are Steps And Tips To Follow
มุมมอง 2K2 ปีที่แล้ว
Your merchant account is the account where customer payments are deposited before they’re transferred to your small business bank account. It’s essentially the middleman between the customer’s bank and your business’s bank. There are a few reasons why you might want to cancel a merchant account, aside from going out of business entirely. Maybe you’ve sold your business and the new owner doesn’t...
What Are Credit Card Declined Codes?
มุมมอง 2.5K3 ปีที่แล้ว
Credit card declined codes are signals from your payment processor that indicate a credit card transaction has failed to go through. You can think of them as response codes that are sent back to you by your processors. You can receive declined credit card codes for a number of reasons, and sometimes they're fixable. Other times, they require extra steps. Here are some examples of credit card de...
What Is A Chargeback Fee? Here's What It Means, How Much You'll Pay - And What You Should Do Next
มุมมอง 7183 ปีที่แล้ว
A credit card chargeback fee occurs when a cardholder disputes a previous credit card charge, and wants to nullify the sales transaction. Essentially, the customer asks the card-issuing bank to return those funds to the customer’s bank account. When a customer’s card-issuing bank processes their chargeback request, you (the merchant) will likely get dinged with a chargeback fee. So how much do ...
How Does Debit Card Processing Work For Merchants?
มุมมอง 4.7K3 ปีที่แล้ว
As of now, debit cards are the payment method of choice for 67% of consumers. So let’s take a look at the ins and outs of debit card processing and the fees that are involved, so you can learn how to maximize revenue on every transaction. Debit card processing is different from credit card processing in many ways. For one, the fees are lower so you can afford to accept debit cards for smaller t...
9 Merchant Account Requirements You Need To Process Credit Card Payments
มุมมอง 1.4K3 ปีที่แล้ว
To be able to accept credit card payments in your business, you need more than just the hardware. You also need the behind-the-scenes software and accounts to make the system work. One of those elements is a merchant account. So what is a merchant account? It’s a bank account a business opens so their payment processor has somewhere to deposit received funds. When customer transactions are proc...
Level 3 Data: What It Is And How To Qualify
มุมมอง 5313 ปีที่แล้ว
Level 3 credit card processing is one of those under-the-radar money savers, but there’s no reason to wait until you’re an industry veteran to start saving money with Level 3 processing. So how much can you actually save? The short answer: you can lower your interchange by a little over 1% on commercial credit card transactions. However, like with all things payment processing, the amount you u...
How To Write A No Refund Policy For Your Business
มุมมอง 1.8K3 ปีที่แล้ว
How To Write A No Refund Policy For Your Business
7 Tips On How To Get The Cheapest Credit Card Processing Rates For Your Business
มุมมอง 2.6K3 ปีที่แล้ว
7 Tips On How To Get The Cheapest Credit Card Processing Rates For Your Business
Credit Card Interchange Rates 2021: What You Need to Know
มุมมอง 3563 ปีที่แล้ว
Credit Card Interchange Rates 2021: What You Need to Know
Square vs. Clover: Which Is Better For Your Small Business?
มุมมอง 50K3 ปีที่แล้ว
Square vs. Clover: Which Is Better For Your Small Business?
What Are The Average Credit Card Processing Fees That Merchants Pay?
มุมมอง 1.7K3 ปีที่แล้ว
What Are The Average Credit Card Processing Fees That Merchants Pay?
Wholesale Credit Card Processing Commercial
มุมมอง 55K9 ปีที่แล้ว
Wholesale Credit Card Processing Commercial
Our National Commercial Featuring a Real Payment Depot Member
มุมมอง 4.4K9 ปีที่แล้ว
Our National Commercial Featuring a Real Payment Depot Member
"The client submits the invoice 'tuh' their bank." Smh
పాండవులు కట్ చేసినారు
472రూపయలు కట్ అయింది 4/6/2024/
Some message me to send my gcash acc. And she would send me 3000$ but I need to pay her a 530 in pesos to buy for ACH. IS THIS SCAM?
Scam
LMAO 🤣
Personally, I prefer InvoiceBerry over both Square and Clover. It's much simpler and more efficient for all my invoicing needs. Definitely worth trying out!
Lazy people and your government controls u
Which system would be best for a charity?
Someone is using ACH payments from my checking account to pay their credit card! My bank reimbursed me, but can’t seem to stop it.
My account balance is low which is why I couldn't get no money in my account
Does ACH withdrawal take money at the same time of day every month? I'm waiting for them to take the money.
I am a grafic designer, I am working as freelancing selling my products online over the world and I had an account with square it was work fine without any issues. Today I received an email says my account is now deactivated. I have tried to contact them via online chat because I am not in UK now, but they always saying I am it is outside working hours which is not!!!! So what is the best selution for me to receive payment from different countries, thanks in advance
DOES NOT MATTER WHAT SYSTEM YOU CHOOSE! BUT HOPEFULLY YOU WILL CHOOSE THE BEST COMPETENT ISO--THE ONE THAT ARE KNOWLEDGEABLE ABOUT THEIR PRODUCT AND ONLY DOES PAYMENT PROCESSOR 24/7 (HELP W/TECH ISSUE/FEES CLARIFICATION). AVOID BANK INSTITUTION ISO. THEY ARE 9-5 EMPLOYEES.
What would people recommend for a small bouldering gym? Drop-ins are $20 before tax.
ACH is frustrating for me. I have a credit union, I had a significant cash quantity in there so I created an Amex online savings account and moved the money into there. After a long time I got annoyed with Amex not having a competitive interest rate so I closed that account and moved the money to another bank. The amount exceeded the FDIC insurance so I opened a 2nd one and have been trying to move the money into that one. The goal being to split the amount so each are FDIC insured fully and have a reasonable interest (both are about 5.25%). The problem I get into is each bank has its own arbitrary and usually way too small ACH transfer limits. My credit union only allows up to 10000$ per day. One online bank allows for 25000$/day and limited to 100000$/month. Even when the ACH works, it takes 5 days to even get it to finalize. I keep hearing about "Same day ACH" but it sure doesn't exist in the real world that I can see. Maybe same day ACH is being used for Bank to Bank between banks themselves but not the customers. Is there going to be any trickle down of "same day ach" for normal personal banking accounts? I also suspect it's not going to matter that much as long as banks have these absurdly low transfer limits. Weirdly, I can just write a paper check to myself and postal mail that to one of my online banks and it might be faster than doing 4 or 5 ACH transfers one per day to remain within their limits because they don't have a limit on the paper check.
Seamless and hassle free thank god!
iscam
Well explained mam💯💯
Task 11 Done
WHat about helcim?
Are both good for e-commerce ? And if you're doin pop up shops ?
Stay away from Clover
Yes trying to get my money back form them about 20,000!!
Take our lead 😂😂😂
😂
Liked the video by the way, very natural and understandable. Would it be possible to make another video may be presenting an overview of several Free POS apps? For me, just these two is not enough to take a final decision.
How about Square vs Loyverse?
Anything is better than Clover
Square doesn’t have a monthly cost
Are you able to use it at craft shows?
My bank sent me an email. It said that I am being automatically enrolled in a new process they have named "e disbursements". Is this just a preparation for CBDC? I have direct deposit and that has worked just fine for many years. Why the need to changes things up at this ominous point in history? Thanks
What would you recommend for a Non profit (but not 501c) fully volunteer group for taking donations at a table at conventions and other such events?
What would you recommend for a clothing alterations business, sole proprietor.
can someone commit fraud with ACH payment
If one gives their routing number and account number to a merchant or individual, it means you are authorizing them to debit your account so no fraud will be committed, but if they got a hold of your account number without your knowledge or authorization then takes money out of your account, then that is a clear fraud.
Yes there is.
Mine always say pick up card after ? WhT does that mesn
This is really good advice once you refund a customer theyre no longer a customer, just someone who will talk bad about your products, If theres a problem handle it but never refund it can make or break a small business
I wss thinking this is related to alchemy pay
1.25 video speed is suggested and sounded better
I'm trying to invest in stocks from my account they said I need a ach to do so. Can you explain how can I go about this?
Stay away from square people. Stay away!!! I started using square and started processing lots of card payments then all of a sudden my accounts under review, my money on hold and they need more information about my business ffs. I am not the only one with these problems. Google up their reviews, its bad!! Lots of red flags and sometimes they take money out of your bank around $400, descriptions says it’s for adjustments lmao wtf
Hello, i have the same problem with square, what pos do u recommend
Awesome
I have a client that is looking for a payment gateway system to utilize for his business. He is looking to compensate as an offer of 6% on every charged transaction. Is there anyone here that can help?
Thanks for sharing.
i had customers that used Square switch to CLOVER. CLOVER had more choices and gives better prices in processing.
Processing credit cards ? But charges the business a monthly fee just to operate the machine
Payment
Important to point out as a current clover customer. It isn’t as easy to switch processors as she stated. We found another clover processor with a better rate but once your machines are registered to one processor they can’t be switched without buying new equipment, even though my clover machines work fine. Just a heads up, we love the hardware but don’t know if it is worth the price.
hi Would you mind sharing which processor youre using?
Thanks
What the hell are these comments, they're fake as fuck, 👍👎🤲✋🖖👎🦵💀🦠👉👇👈👆🤳🤸👂
They are paid comments buddy. Happens allot
I am just thinking about getting started to open an online shop. Help I will be selling jewelry and collectibles Ty Lee
If you don't need to manage inventory or staff, you can use a basic payment terminal with a cash register.