Merchant Account With Bad Credit

SoarPay offers credit card processing solutions for business owners with bad credit.

Why We Proudly Offer Solutions for Merchants With Low Credit Scores (Even When Many Processors Don’t)

Bad Credit Merchant ServicesMany merchant services companies do not work with merchants who have poor or bad credit scores for essentially one reason… these merchant services companies only work with “low risk” merchants, and refuse to work with “high risk” (or even “mid risk”) merchants. A merchant with a low credit score — whether it’s because of a prior bankruptcy, a tax lien, or any other reason — will by default be classified as a “high risk” merchant, and therefore will usually be rejected for a credit card processing services by most large banks and merchant services companies.

Soar Payments, by contrast, has consistently offered credit card processing options for many businesses with low credit scores since our founding. Our extensive relationships with credit card processors and sponsor banks who have the capability to underwrite regulated industries, in addition to our integration of chargeback and fraud prevention software, uniquely positions Soar Payments to provide “bad credit” merchants with stable, effective, long term credit card processing solutions.

Click Here to Apply Online Now. It takes about five minutes.

Frequently Asked Questions for Merchants with Bad Credit

Here are common questions specific to bad credit merchant accounts:

Why do merchant services companies care about the credit history of a business owner?

A merchant account is essentially a line of credit backed by the bank underwriting the merchant account. If a merchant were to process a bunch of fraudulent transactions which are charged back, then the bank will want to get that money back from the merchant. If the bank is unable to get the money back from the merchant, then the bank will be responsible for returning the funds themselves. This is not ideal from the bank’s perspective!

As such, the bank is concerned with the credit worthiness of the merchant. While Soar Payments does work with banks that have a higher tolerance for lower credit scores, all banks still want to evaluate the credit of the owner.


What types of “bad credit merchants” do you offer processing solutions for?

Soar Payments provides solutions for merchants in most industries, even if they may have less than optimal credit scores. A major exception exists for merchants in the Credit Repair industry — in the Credit Repair industry, a credit score of below 550 would generally ensure an application is declined.

Outside of the Credit Repair industry, it’s still possible for a merchant to be declined due to a low credit score, but our partner processors and banks have a much higher tolerance for “bad credit” merchants, compared to other merchant services companies. There is no specific credit score a merchant must meet, but in general, a credit score below 500 makes a decline more likely.


What if I’ve declared bankruptcy in the past? Can my business still be approved for credit card processing?

If you have declared bankruptcy in the past, then Soar Payments and our partners may have trouble getting you approved for a merchant account. However, our partner banks look at all applications holistically, so if other elements of the application are strong, your application may still be approved. Given that every application, business, and owner are unique, it is worth applying, so that the bank can have an opportunity to evaluate the situation.

Have another question? Click here to read our full FAQ.

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Types of Bad Credit Merchant Accounts

Soar Payments offers a full-array of merchant accounts to online, brick-n-mortar, and other businesses in various industries. These include:


A retail merchant account enables businesses to accept face-to-face debit and credit card payments via a traditional credit card machine or point of sale system.

Ideally suited to a storefront or retail setting with reliable internet access, retail credit card processing accounts typically have the lowest chargeback and fraud risk and as a result are afforded the lowest credit card processing pricing.

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A mobile merchant account enables your business to accept face-to-face credit and debit card payments via a swiper (included with each account) that plugs into your mobile phone or iPad.

Appropriate for businesses that frequently conduct face-to-face sales outside of a storefront, mobile accounts are priced similarly to retail, due to their lower chargeback risk.

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Virtual Terminal

Also called a payment gateway merchant account, a virtual terminal enables businesses to accept payments over the phone, via mail, or typed into a computer (without needing outside equipment).

A payment gateway account is ideal for businesses that accept payments over the phone, or via mail order. Virtual terminal payments are particularly vulnerable to fraud, therefore Soar Payments offers integrated chargeback protection.

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An eCommerce merchant account allows you to accept credit card payments via your website’s online shopping cart.

Our eCommerce credit card processing accounts integrate seamlessly with most major payment gateways and shopping cart softwares, making setup simple. Online sales payments are vulnerable to fraud and chargebacks, consequently, we offer pre-integrated fraud protection technology.

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How Does The Application Process Work?

Step 1. Apply Online

Complete the online application process (it takes 5 minutes). Click here to begin.

Step 2. Get An Instant Quote

You’ll instantly receive a quote with Industry Minimum Pricing to DocuSign.

Step 3. Start Accepting Payments

Our Houston based Customer Support Team will help you get set up, fast and easily.

Our friendly Customer Support Team is standing by to approve your application:

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