DeposytReviews of deposyt.com

This company is 100% the best. They have low fees but quite frankly that is not why they are so great. The customer service is OUTSTANDING. If you have a question or a concern, they respond immediately. Not only are they extremely responsive, they solve problems. For example, they help with compliance issues. They resolve maximum limit restrictions. Absolutely, hands down, the best merchant processing service we have used.

I recently started using Deposyt for my business and had an incredibly disappointing experience. After a client paid me, Deposyt held over $35,000 for an extended period — which directly impacted my ability to pay my team on time. What made matters worse was the support. I called multiple times, and each time I was reassured the funds would be released “soon,” but that never happened on schedule. It felt like I was getting the runaround instead of real answers. This kind of delay and lack of transparency is unacceptable when you're trying to run a business. I strongly recommend looking elsewhere — there are far more reliable payment platforms out there.

I applied for a merchant account with [redacted] one of the Founders at Deposyt. I came to know of Deposyt by a referral. I fully completed the application and went through the trouble of sending in my bank statements on 12/16 and have not heard anything back. Over two months now. At this point, I do not want to do business with them even if I were somehow approved. Clearly they did not want nor value my business. Nevertheless, I dislike people wasting my time and not even having enough courtesy to get back with me whether Approved or Declined. That's all I ask. This review is just to let others know of my experience. -------- 10/27/2025 The so-called owner's of Deposyt says the guy I mentioned was not an owner, but a 1099 worker. But when I Google the name they want me remove, he comes up as CEO of the Deposyt online. LinkedIn, Youtube, and Facebook, etc. He also used a Deposyt domain email. His first name is the 41st Book of The Bible. Mind you, I Googled his information before I wrote my review so I did not guess if he was an owner. Maybe he did not "own" the company but he was an executive at the time. Whether or not he is still CEO I do not know. Deposyt recently asked me to remove the entire review and I'm thinking this request may be against Trust Pilot's policy. I will be reaching out to compliance and possibly corporate to write a complaint.