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Soar Payments Review

    Emily Hale
  • 2 comments
  • Updated on:
Advertiser Disclosure: Our unbiased reviews and content are supported in part by affiliate partnerships, and we adhere to strict guidelines to preserve editorial integrity.
Emily Hale

Emily Hale

Emily is a Content Strategist based in Indianapolis. She enjoys discovering new topics and planning content that empowers small business owners to make better choices for their businesses. When she's not in the thick of doing research for Merchant Maverick, she likes painting, meandering through nature and spotting wildlife, or relaxing with her rescue pup, Jetta.



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Soar Payments



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After hours of in-depth research and evaluation, we can confidently recommend this brand to our readers. Get started today and see Soar Payments for yourself.

The Merchant Maverick Seal of Approval 🏆

Soar Payments



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After hours of in-depth research and evaluation, we can confidently recommend this brand to our readers. Get started today and see Soar Payments for yourself.

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2 Comments

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    Joe Duarte

    Hi Rose – Is that ACH figure correct? 2.5 percent? That’s an amazingly expensive ACH fee, the highest I’ve ever seen. Normally ACH is priced as a flat fee of around 25 cents per transaction, so 2.5 percent is just incredible.

    The big hit with tiered pricing is that you don’t get the benefit of low cost debit card purchases. Interchange on most debit cards is only 0.05 percent (the so called “regulated” debit rate). So a 2.49 percent flat rate is obscene for debit card purchases.

      This comment refers to an earlier version of this review and may be outdated.

      Rose Holman

      Hi, Joe. Thanks for your question. You are correct that 2.5% is on the high side for ACH, but it’s not out of the realm of “normal” for high-risk ACH. Also, keep in mind that with high-risk providers, we often collect a sample rate for the review, since the rates for high-risk processing are generally not as standardized as for normal risk levels. I’d recommend reaching out to Soar directly to confirm the ACH rates that would apply to your business. If you’re not high-risk at all, your rates should be much lower.

      Meanwhile, it’s also not that uncommon for ACH to be charged as a percentage, particularly for high-risk accounts. However, we definitely recommend a flat rate if you can get it, especially if your average transaction size is on the larger side. I’ve seen flat rates typically range between around $0.20 to $1.50. Of course, there are other costs to consider besides the rate itself (e.g. is there a monthly fee for the account, and is ACH processing bundled with credit card processing or stand-alone.). Check out this article for more on ACH fees and rates, and this article for more on high-risk ACH processing in particular. Best of luck!

        This comment refers to an earlier version of this review and may be outdated.

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