Soar PaymentsC50
Merchant Account (ISO) · Merchants in verticals banks decline — CBD and nutraceuticals, firearms and ammunition, vape and tobacco, s…
Overview
Soar Payments does the thing high-risk merchants actually need: it underwrites verticals mainstream processors refuse, and it does so in days rather than weeks. Its public record is better than most of the high-risk field — A+ with the BBB, accredited since 2018, few public complaints. The trade is that you cannot see a rate until you apply, and high-risk agreements carry a multi-year term with a $495 early termination fee.
Best for: Merchants in verticals banks decline — CBD and nutraceuticals, firearms and ammunition, vape and tobacco, subscription and continuity billing, telemedicine, debt collection, MLM — who need an account approved quickly and want a US-based team to talk to.
Strengths
- + Genuine high-risk underwriting across 50+ declined-elsewhere verticals, not a low-risk processor advertising into the category
- + Fast approvals — 48 to 72 hours is the stated turnaround, against weeks at many high-risk shops
- + A+ rating with the Better Business Bureau, accredited since July 2018, with a notably light public complaint record for a high-risk provider
- + In-house US-based support team rather than an outsourced call queue
- + Low-risk merchants get month-to-month terms with 30 days' notice and no early termination fee
- + ACH and eCheck available alongside cards, and no application fee to get a quote
Trade-offs
- – No published rates — you cannot compare cost without submitting an application
- – High-risk agreements carry a $495 early termination fee, high even by high-risk standards
- – Contract length and renewal terms are not disclosed on the website; third-party reviews report a two-year term auto-renewing annually
- – Recurring reports of funding holds, rolling reserves or payout delays shortly after a merchant goes live, plus slow responses on complex cases
- – Gateway fees are charged separately and vary by gateway partner, so the headline rate is not the whole cost
Fees in detail
- Online rate: Quoted per merchant after application; interchange-plus and tiered structures are both used
- Contract: Low-risk accounts run month-to-month; high-risk accounts are reported to run a two-year initial term with a one-year automatic renewal
Standard published rate for a domestic online card payment. Confirm current pricing on Soar Payments's pricing page.
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