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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.

Bank of America participates in the Digital Advertising Alliance ("DAA") self-regulatory Principles for Online Behavioral Advertising and uses the Advertising Options Icon on our behavioral ads on non-affiliated third-party sites (excluding ads appearing on platforms that do not accept the icon). Ads served on our behalf by these companies do not contain unencrypted personal information and we limit the use of personal information by companies that serve our ads. To learn more about ad choices, or to opt out of interest-based advertising with non-affiliated third-party sites, visit YourAdChoices powered by the Digital Advertising Alliance or through the Network Advertising Initiative's Opt-Out Tool. You may also visit the individual sites for additional information on their data and privacy practices and opt-out options.

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Industries
Merchant Solutions
Hardware
Accessories
Value-added services
Pricing

Industries
Merchant Solutions
Hardware
Accessories
Value-added services
Pricing

Virtual Terminal Solution¹

Our Virtual Terminal Solution is our simplest, most straightforward solution for taking payments. It’s easy to use from within your Merchant Services account in Business Advantage 360, our online banking platform. No hardware required.

Simple and straightforward

No need to integrate to an e-commerce gateway or use hardware to accept payments.

A flexible solution

The Virtual Terminal is a completely digital option and can work for a variety of business models.

Convenient to use

Perfect for taking payments over the phone or with securely stored card-on-file information.

With this solution, you can accept Visa®, Mastercard®, Discover®, American Express®, Japan Credit Bureau (JCB) and Diners Club®, along with signature debit.

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Business and Merchant Services account screen

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

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view accounts

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

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manage disputes

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

virtual terminal 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.

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.

All trademarks, service marks and trade names referenced in this material are the property of and licensed by their respective owners.

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