Key Data

• Trading Name: Soar Payments
• Legal Entity: Soar Payments, LLC
• Activities: High Risk Payment Processor
• Location: Houston, Texas, USA
• Regulations: not disclosed
• Key People: Adam Carlson (Founder & CEO)

Soar Payments (SoarPay) is a U.S.-based company specializing in providing payment processing solutions for high-risk businesses.

Offering

They offer a range of services including credit card processing, ACH processing, and payment gateway solutions tailored to industries that typically face challenges in securing reliable payment processing. SoarPay serves sectors such as e-commerce, tech support, nutraceuticals, and more. They focus on delivering secure, reliable, and scalable payment options with an emphasis on customer service and industry expertise.

Serving Industries

– eCommerce
– Nutraceuticals
– Credit Repair
– Debt Collection
– Document Preparation
– Online Coaching
– High-Risk Industries (e.g., Adult Entertainment, CBD)

Regulation

We could not find specific information directly addressing whether Soar Payments LLC is regulated. The available resources such as their Terms, FAQs, and other linked pages did not explicitly mention their regulatory status.

Customer Reviews

Trustpilot: 3.3 Stars with 3 Reviews

Google: 4,5 Stars with 15+ Reviews

A+ rating from the BBB.

People

– CEO Adam Carlson is known for his expertise in high-risk payment processing and has a background in financial services.

Conclusion and Rating

Soar Payments offers specialized payment processing services for high-risk industries, with a compliance focus on PCI DSS standards. While they provide crucial services to sectors often neglected by traditional processors, their higher fees and mixed customer reviews indicate areas for improvement, particularly in customer support and cost transparency. For businesses in high-risk sectors, Soar Payments remains a viable option, but potential clients should weigh the costs and service reliability against their specific needs.

From a compliance perspective, we rate Soar Payments LLC as “Orange” due to the lack of information regarding their regulatory status. However, from a customer perspective, the rating remains “Green.”