The #1 Mid Risk Payment Processor

An Overview

The #1 Choice For Mid Risk Credit Card Processing.

Why Are We #1? Because every client gets three guarantees (whether you sell online, over the phone, or in a retail location):

1. Easy Application Process
   Our application process is simple, efficient, and purpose-built for high-risk and regulated businesses.
2. Transparent, Competitive Pricing
   You automatically receive clear, competitive pricing with no haggling or hidden markups.
3. Friendly Client Support
   When you call or email, you’ll always speak with our friendly, in-house client support team.

Frequently Asked Questions

Here are some of the most frequently asked questions about mid risk merchant accounts.

• What Is Mid Risk? What’s The Difference Between Mid Risk And High Risk?

  Many merchants are familiar with the term “high risk” as it pertains to their credit card processing, but are unfamiliar with the “mid risk” classification. Essentially, merchants classified as “mid risk” may have one or more of the following characteristics:

  1. irregular or very high-ticket sales;
  2. in an industry with a history of high chargebacks;
  3. in an industry that large banks are “politically” unwilling to support; or
  4. in a highly regulated industry.

  The difference between the two classifications is usually one of degree. For instance, a slightly-higher-than-average chargeback ratio may mean a business cannot be classified as “low risk,” but the business otherwise has “low risk” merchant characteristics; so rather than classifying the business as “high risk,” SoarPay can extend “mid risk” pricing to these types of merchants, therefore saving the merchant on monthly fees.

  Many payment processors do not bother with the distinction between high risk and mid risk merchant accounts, but SoarPay does so in able to deliver our Industry Minimum Pricing.

• What Industries Are Considered Mid Risk?

  The following industries may be considered mid risk OR high risk; the ultimate classification is specific to each business, and is dependent upon many factors including method of sale (phone, Internet, in-person retail, etc.) as well as chargeback rate, account history, and so on.

  That said, the following industries contain many businesses which are classified as mid risk or high risk:

  • Antiques & Collectibles
  • Apparel & Clothing
  • Bad Credit
  • Bus Lines
  • Cannabis Support Businesses
  • Caterers
  • CBD Oil & CBD Products
  • Continuity/Subscription Products
  • Country Clubs
  • Credit Repair
  • Credit Monitoring
  • Debt Collection
  • Digital Streaming
  • Document Preparation
  • Events
  • Fantasy Sports
  • Firearms & Ammunition
  • Furniture & Home Furnishings
  • Gyms, Fitness & Yoga
  • Health & Beauty
  • Hotels & Lodging
  • Insurance / Warranty
  • Legal Services
  • Magazine Subscriptions
  • Martial Arts
  • Medical Billing & Coding
  • Medical Supplies
  • Membership & Recurring Billing
  • MLM Companies
  • Transportation & Moving
  • Non-Profit
  • ​Nutraceuticals
  • Pawnbrokers & Pawn Shops
  • Pet Products
  • Precious Metals
  • Pro Sports & Athletic Fields
  • Property Management
  • SaaS Companies
  • Seminars & Coaching
  • SEO / SEM / Ad Agency
  • Smoking Accessories
  • Sports Betting
  • Survivalist & Tactical Gear
  • Taxes and Accounting
  • Telemedicine
  • Ticket Agencies & Brokers
  • Tobacco & Cigar
  • Travel & Timeshare
  • Vape / e-Cig / eJuice
  • Veterinarians
  • Web Design & Development
  • Other High Risk

  Please note, this is NOT a complete list; SoarPay serves 50+ additional low and high risk industries, too.

• What Industries Does SoarPay NOT Accept As Clients? (Prohibited Businesses)

  Click here to visit our full FAQ page and see the comprehensive list of industries which SoarPay is unable to serve.

• Do You Provide Merchant Services For Non-USA Clients?

  Sorry, we are unable to provide merchant services for foreign or offshore businesses, or any company that is headquartered, or operates, outside of the USA.

Want more information? Click here to read our extended list of our FAQ.

Accept Retail, Mobile, Virtual Terminal or eCommerce Payments

Soar Payments offers all four major types of merchant accounts to merchants classified as mid risk. To select an account type, simply choose on your application how your business will accept payments.

• Retail
• Mobile
• Virtual Terminal
• eCommerce

Retail Payments

Retail businesses can choose from a traditional credit card terminal, wireless, or point of sale system. Whatever you choose, our retail merchant accounts will have you accepting credit and debit cards faster, and for less.

Apply Now To Accept Retail Payments

Mobile Payments

​Want “on the go” mid or high risk credit card processing? Our mobile pay options are for you. Choose between iPad or mobile phone credit card swipers, compatible with both iPhone and Android devices.

Apply Now To Accept Mobile Payments

Virtual Terminal Payments

Accepting payments over the phone, mail or typed in on your laptop  is easy with our virtual terminal merchant accounts.  No equipment needed. Just log in to your virtual terminal, and type in the customer’s credit card.

Apply Now To Accept Virtual Terminal Payments

eCommerce Payments

Selling online? Our easy to use payment gateways are compatible with, and simply plug in to most major shopping carts. Our mid and high risk merchant accounts are streamlined for eCommerce businesses.

Apply Now To Accept eCommerce Payments