Soar Pay Review

September 10, 2021

Soar Payments, also known as Soar Pay, is just one of many payment processing options for merchant accounts. The company prides itself on offering high-risk credit card processing for companies that struggle to find payment processors willing to work with them. Learn more about this company and its offerings for high-risk merchants.

Soar Pay segments its account types based on the type of terminal you plan to use for high-risk credit card processing.


As the name implies, Soar’s eCommerce accounts are ideal for merchants that sell products or services online. The payment gateways plug into most major shopping carts with ease.


For retail merchants, Soar Payments offers a traditional credit card terminal, a wireless version, or a full point-of-sale system.



Mobile accounts from Soar Pay offer exactly what they sound like: the ability to use your smartphone, tablet, or another mobile device to accept payments. The system works with Android and Apple, including smartphones and iPads. This system does require an additional credit card swiper that attaches to the mobile device.


The virtual terminal is ideal for companies that manually input orders themselves, such as if a client makes an order over the phone or through an email. This type of account doesn’t require any additional equipment. Instead, merchants just log in from any computer and type in the credit card details.

The Soar Payments Services

Overall, Soar Payments focuses on offering high-risk credit card processing. All of the above account types focus on accepting credit and debit cards.

That being said, Soar Pay also offers ACH and eCheck payments. ACH is typically only available for low-risk businesses, with some exceptions. For example, bad credit businesses and those that sell CBD products can use both eCheck and ACH services.

Accepted Credit Cards

All merchant accounts can support MasterCard, Visa, and debit cards. Some merchants may also qualify to accept Discover and American Express.


In addition to the payment processing services, Soar Payments offers a few devices that serve as point-of-sale systems. These are the MaxxPay Pro and MaxxPay Mini. The first of these is an all-in-one terminal for both retail businesses as well as quick-service restaurants. It easily fits on a counter or table. The MaxxPay Mini is also an all-in-one terminal, but it is the size of an incredibly thick smartphone, making it highly portable.


Soar Payments Rates

Soar Payments prides itself on offering the “Industry Minimum Pricing,” but does not publish those rates on its website. You can, however, get an instant online quote after filling out your application.

High-risk Industries That Soar Pay Serves

It is worth noting that in addition to high-risk merchant accounts, Soar Pay also offers accounts for low-risk and mid-risk merchants.

Between high-risk and mid-risk industries, Soar Pay serves dozens of different industries. Just some of these include:

  • Antiques and collectibles
  • Cannabis support businesses
  • CBD oil and CBD products
  • Continuity or subscription products
  • Membership and recurring billing
  • Credit repair
  • Fantasy sports
  • Digital streaming
  • Firearms and ammunitions
  • Hotels and lodging
  • Medical billing and coding
  • MLMs
  • Nutraceuticals
  • Pawn brokers and pawnshops
  • Precious metals
  • Smoking accessories
  • Sports betting
  • Tobacco and cigars
  • Vapes, e-cigs, and e-juice
  • Telemedicine

Before trying to open a high-risk merchant account with High Soar, merchants should note that the payment processor does not serve ultra-high-risk merchants. It specifically excludes:

  • Gambling and casinos
  • Adult
  • Forex
  • Debt collection
  • Debt consolidation
  • Payday loan or cash advance
  • Bitcoin
  • Kratom
  • Marijuana
  • Tech support
  • Pharmaceuticals
  • Companies with very poor credit
  • Racial or hate content
  • Offshore or non-USA businesses
  • Any illegal activity

Sorepay review

Other Notable Features on Soar Pay High-risk Merchant Accounts

Our team also noticed a few other features of Soar Pay worth mentioning.

USA-based Support

Soar Pay offers USA-based customer support, helping to reduce the risk of language barriers or accent challenges. That support team is based in Houston, Texas.


Instant Online Quotes

You can receive a quote from Soar Pay instantly, just by filling out the application. You don’t have to wait for someone to look at the information and process it. Filling out the application should take about five minutes.

Industry Minimum Pricing

Although Soar Pay doesn’t publish its prices, it does guarantee Industry Minimum Pricing, as we mentioned. This guarantee is designed to help companies stick to their budgets and eliminate the need to haggle.

If you happen to find a better offer, Soar Payments can try to beat it. They will, however, require verifiable proof of the price before matching it.

Fast Approval

While you can receive an instant online quote, it is usually impossible for any high-risk merchant to get same-day approval, at least without using a shady payment gateway. Soar Pay typically completes the full approval and underwriting process within three to five business days. From there, you can start taking advantage of the high-risk credit card processing within 24 hours.

Low-risk Offerings

Not all processors offering high-risk merchant accounts will also serve customers with low- or mid-risk, but Soar Pay does. It also offers the same guarantees for those low-risk offerings as it does for high-risk accounts.

Payment Gateways

As Soar Pay is the payment processor, it connects merchants with payment gateways. Soar Payments primarily uses USAePay, NMI, and Authorize.Net. However, the company states in its FAQ that it can accommodate companies that need to use a specific payment gateway. Additionally, Soar Payments lets merchants indicate a preference when setting up their payment gateway.

Soar Pay Reputation and Reviews

Overall, Soar Pay has an excellent reputation with good reviews online. The payment gateway proudly displays icons for 5-star ratings on both Google and Facebook on its homepage. It also proudly displays its A+ rating from the Better Business Bureau.

At the time of writing, it has a 4.8/5 rating on Google. As for its BBB rating, there are zero registered customer complaints, something which should give merchants peace of mind.


Soar Payments primarily offers high-risk credit card processing, but also offers eCheck and ACH transferring in many industries. While the company focuses on providing high-risk merchant accounts, it also accepts low-risk and mid-risk clients. There are solutions that include traditional POS systems, mobile systems, and the ability to accept eCommerce orders or input orders manually. The company is well-respected in the industry, with strong reviews from customers and third parties, including an A+ rating from the BBB. If you are interested in using Soar Pay, it will only take about five minutes to fill out the online application. This will give you an instant quote.

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