It’s time to plug in to receive another episode of PayPod: The Payments Industry Podcast! This episode is particularly special to us as our host Scott was joined by a member of the Soar Payments team… the very business that sponsors this show. Our guest is Adam Carlson, CEO of Soar Payments LLC. Adam a tremendous amount of insight to share about high risk merchants, and more specifically the unique challenges they face. He also covered in detail what Soarpay does to help their customers find credit card processing solutions and succeed in spite of any challenges due to their high risk status.
Headquartered in Houston, Texas Soar Payments provides credit card processing services for businesses of all sizes. They were voted the #1 High Risk Merchant Services Provider in 2015, and 2016. Needless to say, when it comes to understanding high risk merchants, we couldn’t think of a better guest to have on the show!
Payments Industry Insights In This Epsode:
- What “high risk” means when talking about the credit card processing.
- Which industries and types of businesses most commonly end up with “high risk” merchant status.
- What unique challenges high risk merchants face, and how Soar Payments helps them overcome those challenges.
- Adam’s thoughts on future innovations in the payments industry as a whole, and where Soar Payments is going.
- Plus so many more excellent insight!
Featured on the Show:
- Connect with Adam Carlson: LinkedIn
- Connect with Soar Payments: LinkedIn
- Connect with the Show: Facebook | Twitter
- Subscribe to the Show: iTunes | Google Play
Payments Industry Spotlight: Soar Payments
Soar Payments is a US based payments industry business with a simple mission. Their mission is “to provide industry leading high risk merchant services for US and Offshore businesses, so that they can be successful for the long-term in processing debit and credit card payments.”
Located in Houston, Texas, Soar Payments is a global provider of high risk, low risk and offshore merchant accounts. Their all-in-one merchant accounts include everything a low risk, high risk or offshore merchant needs to process transactions successfully, including debit and credit card processing, check processing (ACH), payment gateways, and chargeback management services.
While Soar Payments serves many different kinds of businesses, high risk merchants in particular are their specialty. Many businesses operate in spaces that are deemed high risk by other banks and payment solution providers. As a result, they may find that they have difficulty securing accounts. This is where Soar Payments plays a crucial rule, leveraging their existing relationships with a variety of banks, and their unique understanding of high risk merchants to provide payment processing solutions. With a 98.7% approval rate, dedicated customer service, and no application or setup fees… Soar Payments is a true leader in the space!
Small Business Organization of the Week: Women’s Business Development Center (WBDC) – Chicago
If you’re an entrepreneur, small business owner, or just working in a small business, you’ll inevitably run into challenges as you work to grow. You also could benefit greatly from connecting with others in your niche, or just having some extra guidance. With that in mind, we want to honor organizations that are bringing business owners, future business owners, and even employees from many different areas together.
That’s why every episode we recognize and award a small business organization or group of the week. We also look to PayPod listeners to give us nominations. So, if you have an organization in mind, send us a message on social media and let us know!
As for this week, we’re pleased to share that our winner is the Women’s Business Development Center or WBDC.
The WBDC is a 501 (c)(3), in addition to being a nationally recognized leader in the field of women’s economic development. They were founded in 1986 in order to provide services and programs to support and accelerate women’s business ownership in addition to strengthening the impact of women on the economy by creating jobs, fostering economic growth, and building strong communities.
This is done through a variety of centers which they operate… There are two (2) Women’s Business Centers (WBC), a Small Business Development Center (SBDC), a Procurement Technical Assistance Center (PTAC), a Veterans Business Outreach Center (VBOC), and a ScaleUp Aurora Initiative.
They also offer certification for business that are at least 51% owned, operated, and controlled by a woman or women.
It’s so important to have support out there for women entrepreneurs and small business owners. The WBDC is dedicated to doing just that. Bringing business owners together, and offering services and advocacy for them is so crucial, and over the years they’ve done a fantastic job empowering women in business. That makes them a no-brainer for this award!
Huge congrats to them on their selection!