Payment processor "Deposyt.com"

Hello, I have been doing e-commerce for five years now and have been using Stripe as my payment processor during that time. However, recently Stripe has been closing accounts without warning and freezing all funds for 120 days, regardless of whether there are any disputes or not. They are banning all Stripe accounts that are associated with dropshipping, making it very difficult for us to continue our business with them using a brand new Stripe account. To work around this, I have been using multiple Stripe accounts for all of my websites because Stripe automatically flags accounts that exceed a certain amount of turnover per day for manual review (manual review = dropshipping = ban).

I have recently discovered a new payment processor called http://www.deposyt.com/, which I had not heard of before. On their main page, they claim to do business with 99.99% of businesses, including dropshipping, and also state that they have been arround the block for 20 years now o.0

Does anyone have any information about this payment processor?

Thanks in advance

Whaylee said:

and also state that they have been arround the block for 20 years now

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You should check out their whois https://www.whois.com/whois/deposyt.com.
I don't see anything about 20 years on a Google search either

Be careful with this website

@Whaylee did you try them? I detest Stripe, Paypal, (and even Clickbank as they have changed so much since 2005 when I used them). We are running out of options! Did Deposyt work for you? I don't mind trying new payment processors out but man, they got merchants by the curly's!

Deposyt seems clearly cheap scam, I would avoid it based on my guts feeling!

Mrnewbie said:

You should check out their whois https://www.whois.com/whois/deposyt.com.
I don't see anything about 20 years on a Google search either

Click to expand...

The company itself hasn't been around for 20 years in the industry but Patricia and David Carlin, the owners, have. They are high integrity.

anyone have anything good to say about deposyt ?

I couldn't find anything that it was founded 20 years ago. Be very careful.