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Cayan VS Payment Depot

Compare Cayan VS Payment Depot and see what are their differences

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Cayan logo Cayan

Secure payment processing software

Payment Depot logo Payment Depot

The nation's only wholesale credit card processing rates
  • Cayan Landing page
    Landing page //
    2021-09-19
  • Payment Depot Landing page
    Landing page //
    2023-07-15

Cayan features and specs

  • Integration Capabilities
    Cayan's platform is known for its seamless integration capabilities, allowing businesses to easily integrate payment processing with their existing systems and software.
  • Omni-channel Solutions
    Cayan offers support for omni-channel payment solutions, enabling businesses to process transactions across various channels, including in-store, online, and mobile.
  • Security Features
    Cayan provides strong security measures, including encryption and tokenization, to protect sensitive payment data and reduce the risk of fraud.
  • Customizable Solutions
    Businesses can benefit from Cayan's customizable payment solutions, which can be tailored to meet specific needs and preferences.

Possible disadvantages of Cayan

  • Cost Structure
    Some users report that Cayan's pricing structure can be complex and may include various fees that are not immediately apparent.
  • Customer Support
    Feedback from customers suggests that Cayan's customer support can be inconsistent, with some users experiencing delays and difficulty in resolving issues.
  • Contract Terms
    Businesses may find Cayan's contract terms to be rigid, with early termination fees and long-term commitments that can be restrictive.

Payment Depot features and specs

  • Pricing Model
    Payment Depot offers a subscription-based pricing model which often results in lower costs for businesses with high transaction volumes. Unlike traditional percentage-based fees, this model can lead to significant savings.
  • Transparent Fees
    All fees are transparent with no hidden charges. The membership-based pricing ensures that the costs are clear, upfront, and easy to understand.
  • Customer Service
    Payment Depot is known for its excellent customer service. They offer U.S.-based support which can assist businesses quickly and efficiently.
  • Interchange-Plus Pricing
    This pricing method is easier to understand and more predictable than tiered pricing, providing clarity and ensuring that merchants are not overcharged.
  • PCI Compliance Assistance
    Payment Depot provides assistance with PCI compliance, which helps merchants meet security standards and protect sensitive payment information.

Possible disadvantages of Payment Depot

  • Monthly Membership Fees
    The subscription-based model includes a monthly membership fee which may not be cost-effective for smaller businesses or those with low transaction volumes.
  • Early Termination Fees
    Some plans may include early termination fees if a merchant decides to cancel their account before the contract term ends.
  • Limited International Services
    Payment Depot primarily focuses on U.S. businesses, which means their services and support may be limited for international merchants.
  • High Volume Requirement
    To maximize the cost efficiency of Payment Depot, businesses typically need to process a significant volume of transactions monthly.
  • Need for Own Equipment
    Merchants may need to purchase their own payment processing equipment which can be an added upfront cost.

Analysis of Payment Depot

Overall verdict

  • Payment Depot is a good option for many businesses, especially those with high transaction volumes or larger average ticket sizes, due to its cost-effective membership model. It offers reliable service, good customer support, and potential savings on transaction fees.

Why this product is good

  • Payment Depot is often praised for its straightforward pricing model, which utilizes a membership-based system. This helps businesses save on fees that typically come with traditional credit card processors. They offer transparency in costs, no hidden surcharges, and competitive rates. Merchants appreciate their customer service and user-friendly setup. Furthermore, Payment Depot is suitable for businesses with higher transaction volumes, as the membership model and lower markups can lead to significant savings.

Recommended for

  • Small to large businesses with high transaction volumes
  • Businesses seeking transparent, predictable pricing
  • Merchants looking for reliable customer support
  • Businesses with larger average ticket sizes

Cayan videos

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Payment Depot videos

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Payment Depot: The Good, The Bad and The Ugly

Category Popularity

0-100% (relative to Cayan and Payment Depot)

Cayan

Payment Depot

Payment Platform
100 100%
Payment Platform
0% 0
Payments Processing
0 0%
Payments Processing
100% 100
Online Payments
100 100%
Online Payments
0% 0
Finance
30 30%
Finance
70% 70

User comments

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Social recommendations and mentions

Based on our record, Payment Depot seems to be more popular. It has been mentiond 3 times since March 2021. We are tracking product recommendations and mentions on various public social media platforms and blogs. They can help you identify which product is more popular and what people think of it.

Cayan mentions (0)

We have not tracked any mentions of Cayan yet. Tracking of Cayan recommendations started around Mar 2021.

Payment Depot mentions (3)

  • Whats the best way to avoid online payment processor fees?
    Not sure about avoiding, but you can lower your fees by using Https://staxpayments.com/ or https://paymentdepot.com/. Source: almost 2 years ago
  • Best payment processor with the lowest fees.
    Check out https://paymentdepot.com/ . I have used them for several years. Source: about 3 years ago
  • QB Desktop Payments Feature
    When I used QuickBooks, absolutely not. I'm not paying them an extra 3% when I can get a cheaper card-processing solution from someone else like https://paymentdepot.com/ Then I get to keep the extra amount instead of paying it to Intuit. Source: over 3 years ago

What are some alternatives?

When comparing Cayan and Payment Depot, you can also consider the following products

PayAnywhere - PayAnywhere is a smart payment processing platform that comes with the modular methodology to streamline your business process with instant payments.

PaymentCloud - PaymentCloud is a feature-rich Credit Card Processing solution that is created to help retailer and e-Commerce businesses to streamline all their payment operations.

PayJunction - PayJunction powers mid- to large-scale businesses with smart payment processing, electronic signature capturing, and comprehensive multi-user multi-location reporting.

National Processing - National Processing is the fastest-growing payment processing solution that comes with almost all the core services and features to process payment any way anytime.

FONDY - FONDY is an all-in-one payment processing and payment gateway which is serving small to mid-size businesses to accept payment in a cost-effective way.

Stripe - Online payment processing for internet businesses. Stripe is a suite of payment APIs that powers commerce for online businesses of all sizes. Use Stripe’s payment platform to accept and process payments online for easy-to-use commerce solutions.

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