Different Rates for Debit or Credit Transactions
The Zomaron website advertises two different rates for credit and debit transactions. Credit cards are charged a swipe rate of 2.60% plus $0.05 and a keyed-in rate of 2.90% plus $0.25 per transaction. Meanwhile, debit cards are only $0.05 per swiped debit transaction, $0.085 per tapped transaction.
Fundraising Rates and Fees
Zomaron also dictates different rates and fees for fundraising platforms. The company advertises 2 plans, the Lite Plan which has no monthly fee associated with it and the Solo Plan which charges a fee of $249 per month. Both plans charge a rate of 3.9% plus $0.25 per transaction. Additionally, the company provides fundraising groups with kiosks, which allows donors to make donations through a self-service platform. The company provides an online platform for donations as well.
Virtual Terminal and Payment Gateway Pricing
In addition to its storefront payment processing services, Zomaron also dedicates a portion of its website that advertises its virtual terminal and payment gateway. A rate of 2.9% plus $0.25 applies to all transactions made through the virtual terminal as well as a $25 monthly payment gateway fee. Additional rates and fees, including technical support fees and batch fees may apply to these e-commerce services.
Zomaron Equipment Leases
A few public complaints filed against Zomaron describe a four-to five-year non-cancellable equipment lease with undisclosed fees, but the monthly costs of this lease are not provided. Terminals cost $30 or more per month while POS systems are costs begin at $40 per month. The website also states that merchants can purchase terminals for $995 or more while pricing for POS systems through Zomaron begins at $1,295.
Given the fact that Zomaron’s backend processor is Elavon, it is likely that the standard Zomaron contract is similar to the standard Elavon contract. Elavon offers a wide range of potential pricing options for its merchant accounts, but it is known to provide expensive, long-term equipment leasing through Ladco Leasing. For this reason, merchants are cautioned to check their contracts for dangerous terms and to ensure that they understand the full terms of any leasing agreement they sign.
Share Your Zomaron Terms
Zomaron’s available pricing appears to be roughly average for the industry, but we will not lower its rating beyond a “B” without additional documentation. If you have any knowledge of the standard Zomaron contract (including any early termination fees or PCI compliance fees), please share that information with other merchants in the comment section below this review.
