Whop vs Reign (formerly Phoenix): fees, holds and features compared (2026)

Fees, reserves, high-risk acceptance, Shopify support and payouts, side by side. Every figure comes from each company's own pages, checked 2026-10-21.

Payment processor

Whop

Card rate

2.7% + 30¢

No monthly fee listed

Checkout & funnel platform

Reign (formerly Phoenix)

Card rate

Quote only

No monthly fee listed

Quick take

Reign (formerly Phoenix) is a checkout and funnel platform, not a processor: you still need a gateway or merchant account behind it. Whop is processor, checkout and storefront in one.
Reign (formerly Phoenix) doesn't publish a standard card rate (custom quote). Whop publishes 2.7% + 30¢ with no monthly fee listed.
Reign (formerly Phoenix) boards high-risk businesses. Whop reviews case by case and bans unapproved supplements and vapes.

Side by side

Pricing
	Whop	Reign (formerly Phoenix)
Type	Payment processor	Checkout & funnel platform
Pricing model	flat rate	custom quote
Card rate	2.7% + 30¢	Not published
International	+1.5% international cards, +1% currency conversion	Not published
Monthly fee	Not published	Not published
Setup fee	Not published	Not published
Chargeback fee	$15	Not published

Risk
	Whop	Reign (formerly Phoenix)
High-risk businesses	Case by case	Yes
Dropshipping	Not published	Yes
Reserves	May hold a reserve when an account is new, when disputes trend toward card-network thresholds, or when delivery comes long after payment (example: 10% for 90 days).	Not published

Payouts and coverage
	Whop	Reign (formerly Phoenix)
Payout speed	Next-day ACH ($2.50) or instant (4% + $2.50)	Not published
Merchant countries	Payouts to 200+ countries	Not published
Currencies	Not published	Checkout supports USD, GBP and EUR today, with currency following the buyer's country (per its checkout FAQ)

Integrations and features
	Whop	Reign (formerly Phoenix)
Shopify	Replaces checkout	Replaces checkout
WooCommerce	Not published	No
Subscriptions	Yes	Yes
One-click upsells	Yes	Yes
Apple Pay	Yes	Yes
Multiple MIDs	Not published	Yes
Token portability	Not published	Not published

Which one fits

Pick Whop if

Funnel and subscription brands that want storefront, checkout and payments from one company at a flat published rate.

+Published flat rate of 2.7% + 30¢ with no monthly platform fee listed
+Storefront, checkout, subscriptions and payouts in one product
+API and CLI that AI coding agents can use to build and edit stores
−Ecommerce storefronts launched in October 2026 and docs still called physical goods a work in progress on October 20, 2026
−Reserves possible on new accounts and late-shipping stores
−International cards cost 1.5% extra

Whop profile

Pick Reign (formerly Phoenix) if

A direct-response or subscription brand doing $500K+ a year that wants its own checkout plus routing across several merchant accounts, including stores that lost Shopify Payments.

+Routes each order across several merchant accounts by percentage, remaining MID capacity, approval rate or BIN, and retries declines on another account.
+Offers merchant accounts it underwrites for direct response verticals such as supplements and dropshipping, or works with the processors you already have.
+Processor-agnostic card vault with network tokens, so adding or dropping a processor inside Reign keeps cards on file.
+Post-purchase upsells, downsells and order bumps work on Apple Pay, Google Pay, Shop Pay, PayPal and cards, with subscriptions and split testing built in.
−No public pricing; fees are set in each merchant's service agreement.
−Portability claims cover switching processors inside Reign; no process is published for exporting stored cards if you leave Reign itself.
−Its Acceptable Use Policy lists subscription, free-trial, supplement and CBD offers as restricted categories it may decline or review more closely.
−Checkout currencies are limited to USD, GBP and EUR today, and the WooCommerce extension is not expected until Q1 2027.

Reign (formerly Phoenix) profile

Questions

Is Whop cheaper than Reign (formerly Phoenix)?: Reign (formerly Phoenix) doesn't publish a standard card rate, so you need a quote to compare. Whop publishes 2.7% + 30¢ on domestic cards with no monthly fee listed.
Does Reign (formerly Phoenix) work with Shopify?: Replaces checkout. Reign Checkout installs as an add-on: the store's cart hands off to a Reign checkout on the merchant's own subdomain. On Shopify, the storefront and catalog stay put while order, subscription and payment records live in Reign; Reign suggests pointing part of live traffic at Reign while the existing checkout keeps taking orders. No Shopify App Store listing was found under the Reign or Phoenix names. It can also run as a standalone funnel checkout linked from ads. Reign for WooCommerce, an extension that will sync products and send orders back to WooCommerce, is announced for the WooCommerce Marketplace and WordPress.org in Q1 2027, with early access sign-up now. API v1 at docs.reign.com covers orders, customers, subscriptions, transactions, refunds and disputes.
Does Reign (formerly Phoenix) accept high-risk or dropshipping stores?: High-risk: yes. Dropshipping: yes. Reign's payments FAQ says it underwrites low-risk and high-risk verticals, including subscription, supplements and coaching, and that a new merchant account can be live in as fast as 48 hours. Its Acceptable Use Policy (updated October 9, 2026) lists subscription and free-trial offers, supplements, nutraceuticals, CBD, sweepstakes and adult goods as restricted categories it may decline, restrict or review more closely. Reign says it is not a payment processor: processing is done by the providers behind each merchant account, and its terms say it is not responsible for holds or account actions taken by third-party processors. Its subprocessor list names Adyen, Stripe, Adaptiv Payments, High Wire Payments, ECRYPT, Merchant Focus Processing, plus an ACH and eCheck provider.

Sources

Whop sources · checked 2026-10-21

Reign (formerly Phoenix) sources · checked 2026-10-21

Fees, reserves, high-risk acceptance, Shopify support and payouts, side by side. Every figure comes from each company's own pages, checked 2026-10-21.

Payment processor

Whop

Card rate

2.7% + 30¢

No monthly fee listed

Checkout & funnel platform

Reign (formerly Phoenix)

Card rate

Quote only

No monthly fee listed

Quick take

Reign (formerly Phoenix) is a checkout and funnel platform, not a processor: you still need a gateway or merchant account behind it. Whop is processor, checkout and storefront in one.

Reign (formerly Phoenix) doesn't publish a standard card rate (custom quote). Whop publishes 2.7% + 30¢ with no monthly fee listed.

Reign (formerly Phoenix) boards high-risk businesses. Whop reviews case by case and bans unapproved supplements and vapes.

Side by side

Pricing
	Whop	Reign (formerly Phoenix)
Type	Payment processor	Checkout & funnel platform
Pricing model	flat rate	custom quote
Card rate	2.7% + 30¢	Not published
International	+1.5% international cards, +1% currency conversion	Not published
Monthly fee	Not published	Not published
Setup fee	Not published	Not published
Chargeback fee	$15	Not published

Risk
	Whop	Reign (formerly Phoenix)
High-risk businesses	Case by case	Yes
Dropshipping	Not published	Yes
Reserves	May hold a reserve when an account is new, when disputes trend toward card-network thresholds, or when delivery comes long after payment (example: 10% for 90 days).	Not published

Payouts and coverage
	Whop	Reign (formerly Phoenix)
Payout speed	Next-day ACH ($2.50) or instant (4% + $2.50)	Not published
Merchant countries	Payouts to 200+ countries	Not published
Currencies	Not published	Checkout supports USD, GBP and EUR today, with currency following the buyer's country (per its checkout FAQ)

Integrations and features
	Whop	Reign (formerly Phoenix)
Shopify	Replaces checkout	Replaces checkout
WooCommerce	Not published	No
Subscriptions	Yes	Yes
One-click upsells	Yes	Yes
Apple Pay	Yes	Yes
Multiple MIDs	Not published	Yes
Token portability	Not published	Not published

Which one fits

Pick Whop if

Funnel and subscription brands that want storefront, checkout and payments from one company at a flat published rate.

+Published flat rate of 2.7% + 30¢ with no monthly platform fee listed
+Storefront, checkout, subscriptions and payouts in one product
+API and CLI that AI coding agents can use to build and edit stores
−Ecommerce storefronts launched in October 2026 and docs still called physical goods a work in progress on October 20, 2026
−Reserves possible on new accounts and late-shipping stores
−International cards cost 1.5% extra

Whop profile

Pick Reign (formerly Phoenix) if

A direct-response or subscription brand doing $500K+ a year that wants its own checkout plus routing across several merchant accounts, including stores that lost Shopify Payments.

+Routes each order across several merchant accounts by percentage, remaining MID capacity, approval rate or BIN, and retries declines on another account.
+Offers merchant accounts it underwrites for direct response verticals such as supplements and dropshipping, or works with the processors you already have.
+Processor-agnostic card vault with network tokens, so adding or dropping a processor inside Reign keeps cards on file.
+Post-purchase upsells, downsells and order bumps work on Apple Pay, Google Pay, Shop Pay, PayPal and cards, with subscriptions and split testing built in.
−No public pricing; fees are set in each merchant's service agreement.
−Portability claims cover switching processors inside Reign; no process is published for exporting stored cards if you leave Reign itself.
−Its Acceptable Use Policy lists subscription, free-trial, supplement and CBD offers as restricted categories it may decline or review more closely.
−Checkout currencies are limited to USD, GBP and EUR today, and the WooCommerce extension is not expected until Q1 2027.

Reign (formerly Phoenix) profile

Questions

Is Whop cheaper than Reign (formerly Phoenix)?

Reign (formerly Phoenix) doesn't publish a standard card rate, so you need a quote to compare. Whop publishes 2.7% + 30¢ on domestic cards with no monthly fee listed.

Does Reign (formerly Phoenix) work with Shopify?

Replaces checkout. Reign Checkout installs as an add-on: the store's cart hands off to a Reign checkout on the merchant's own subdomain. On Shopify, the storefront and catalog stay put while order, subscription and payment records live in Reign; Reign suggests pointing part of live traffic at Reign while the existing checkout keeps taking orders. No Shopify App Store listing was found under the Reign or Phoenix names. It can also run as a standalone funnel checkout linked from ads. Reign for WooCommerce, an extension that will sync products and send orders back to WooCommerce, is announced for the WooCommerce Marketplace and WordPress.org in Q1 2027, with early access sign-up now. API v1 at docs.reign.com covers orders, customers, subscriptions, transactions, refunds and disputes.

Does Reign (formerly Phoenix) accept high-risk or dropshipping stores?

High-risk: yes. Dropshipping: yes. Reign's payments FAQ says it underwrites low-risk and high-risk verticals, including subscription, supplements and coaching, and that a new merchant account can be live in as fast as 48 hours. Its Acceptable Use Policy (updated October 9, 2026) lists subscription and free-trial offers, supplements, nutraceuticals, CBD, sweepstakes and adult goods as restricted categories it may decline, restrict or review more closely. Reign says it is not a payment processor: processing is done by the providers behind each merchant account, and its terms say it is not responsible for holds or account actions taken by third-party processors. Its subprocessor list names Adyen, Stripe, Adaptiv Payments, High Wire Payments, ECRYPT, Merchant Focus Processing, plus an ACH and eCheck provider.