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Advertising Practices

We strive to provide you with information about products and services you might find interesting and useful. Relationship-based ads and online behavioral advertising help us do that.

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Industries
Merchant Solutions
Hardware
Accessories
Value-added services
Pricing

Industries
Merchant Solutions
Hardware
Accessories
Value-added services
Pricing

Basic Payment Solution

Our Basic Payment Solution is perfect for small business owners who are looking for an easy, affordable option to just take payments.

Accept a variety of payments

With this solution, you can accept credit, PIN debit, signature debit and EBT.

Person paying with credit card

Easily view or manage your Business Advantage and Merchant Services accounts all in one place.

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All accounts view

Hand-key payments through the Virtual Terminal¹.

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Virtual Terminal one-time payment

Now, you can easily manage disputes through an integrated platform.

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Manage Dispute

Leverage online reporting with near real-time authorization data, plus sales, settlement and funding.

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online reporting

Our Basic Payment Solution is compatible with these optional value-added services: Customer and Billing Tokens², Recurring Billing³, and Account Updater⁴.

Optional value-added services

Add value to your software with the right gear

The below devices are compatible with our Basic Payment Solution:

Portable A920⁵

Countertop A80

Countertop Payment Solution

1

Virtual Terminal transactions will be processed using your Card Not Present transaction rate.

2

Customer Token and Billing Token are optional value-added services available through the Tokenization Management Services. Customer Token and Billing Token require a per token creation fee plus applicable sales tax. If applicable, the fee will be presented to you prior to account opening in the fee schedule. The per token creation fees plus applicable sales tax will be aggregated by Bank of America, posted to your merchant services account, and debited from your settlement account according to your selected billing cycle.

3

Recurring Billing is an optional value-added service which requires a per transaction fee, plus applicable sales tax. If applicable, the fee will be presented to you prior to account opening in the fee schedule. The per transaction fees, plus applicable sales tax, will be aggregated by Bank of America, posted to your merchant services account, and debited from your settlement account according to your selected billing cycle. Healthcare merchants are not eligible for Recurring Billing at this time.

4

Account Updater Services are accurate only to the extent: (a) Issuers participate in the Updater Programs; (b) Issuers provide accurate Card Info to the Updater Programs; (c) the Card Info we receive from the Updater Programs is accurate; and (d) the Card Info that you provide to us for processing is accurate. We are not liable for any losses arising from the accuracy of Card Info provided through the Account Updater Services. Account Updater Services is an optional value-added service which requires a per match fee, plus applicable sales tax. If applicable, the fee will be presented to you prior to account opening in the fee schedule. The per match fees, plus applicable sales tax, will be aggregated by Bank of America, posted to your merchant services account, and debited from your settlement account according to your selected billing cycle.

5

The Portable A920 can connect via integrated Wi-Fi®. A separate communications base can be purchased to enable the Portable A920 to also connect via wired Ethernet. The Portable A920 comes with a cellular SIM card. Cellular Service is required to enable the Portable A920’s cellular communication functionality. Cellular Service is an optional value-added service which requires a per device monthly fee. If applicable, the fee will be presented to you prior to account opening in the fee schedule. The per device fees will be aggregated by Bank of America, posted to your merchant services account, and debited from your settlement account according to your selected billing cycle. If you cancel Cellular Service prior to the end of the month, a pro-rated fee is not available and you will be charged for the full month. The Portable A920 can be used without a POS Software plan to accept payments however to use the non-payments business management features, it requires purchase of a POS Software plan.

A Bank of America business checking account is required to apply for a Merchant Services account. You must be enrolled in Business Advantage 360, our small business online banking, to have a Merchant Services account from Bank of America. Merchant Services processing funds must be settled into a Bank of America business checking account.

Banking products and services are provided by Bank of America, N.A. and affiliated banks, Members FDIC and wholly owned subsidiaries of Bank of America Corporation.

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