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Business Advantage Banking
Credit Cards
Merchant Services
Lending
Preferred Rewards for Business

Business Advantage Banking
Credit Cards
Merchant Services
Lending
Preferred Rewards for Business

Our Point of Sale solution¹ evolves with your business

From marketing and inventory to reporting and payments, we keep it all working together. Help your business grow with Merchant Services from Bank of America.

Learn more

Point of Sale solution

Combine business management and payment processing.

Transparent pricing — Clear and transparent Simplified Pricing ensures you always know how much you will pay for each transaction.
Get your funds faster — Access funds as soon as the same business day at no cost.²
Security — Get peace of mind knowing your and your customers’ data are secure and protected.³
24/7 technical support — You will have help whenever you need it with 24/7 U.S.-based, Merchant Services focused technical support.
View accounts in one place — Enjoy the convenience of being able to see and manage your Business Advantage and Merchant Services accounts in one place.

Get more with Preferred Rewards for Business⁴

Merchant Services

Processing Discount

Get up to a 0.10% processing rate discount when you're enrolled in the Merchant Simplified Pricing plan and a Preferred Rewards for Business member.⁵

Learn more

Important disclosures and information

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 business banking online platform, 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.

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Point of Sale solution software plans require a monthly software plan fee(s) provided by Bank of America. The applicable fee(s) will be presented to you prior to account opening in the fee schedule. The monthly fee(s) for the software plan you select plus applicable sales tax will be deducted from your business checking account by Bank of America at the end of each monthly billing cycle. If you cancel your plan prior to the end of the month, a pro-rated fee is not available and you will be charged for the full month. If you elect to upgrade or downgrade your software plan, your monthly software fee will be adjusted to reflect the selected plan beginning in the subsequent billing cycle. Certain hardware may not be compatible with all software plans. In the event that hardware in your possession is not supported under the selected software plan, the device(s) will be deactivated. If you subsequently upgrade to a software plan that supports such hardware, reactivation of the previously deactivated terminal may not be available.

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Same day access to funding is subject to credit approval. If your merchant account is approved for same day funding, you will have the option to select one funding window to initiate a payout of proceeds to your designated Bank of America business checking account used for settlement. Valid only on Visa®, Mastercard®, Discover® and American Express OptBlue® transactions and PIN debit transactions including EBT. Exceptions may apply.

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Use of security solutions is not a guarantee that your systems will not be breached or guarantee that you will be compliant with the Payment Card Industry Data Security Standard or Payment Network Rules. May require eligible equipment.

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Preferred Rewards for Business Eligibility Requirements: The Preferred Rewards for Business program is only available to Merrill Business, Bank of America Private Bank® Business and Business Banking clients. Other categories of clients, such as those commonly referred to as Global Commercial Banking, Global Corporate Investment Banking or Institutional clients are not eligible to participate in the program. Subject to certain exceptions, eligible business checking accounts generally are any Business checking account and the following Analyzed checking accounts: Full Analysis Business Checking or Analyzed Business Interest Checking. Clients in the eligible business categories may enroll in the program. To enroll you must have an active, eligible Bank of America business checking account and maintain a qualifying balance of at least $20,000 for the Gold tier, $50,000 for the Platinum tier, or $100,000 for the Platinum Honors tier in your combined qualifying Bank of America business deposit accounts (such as checking, savings, certificate of deposit) and/or your Merrill business investment accounts (such as Working Capital Management Accounts, Business Investor Accounts, Delaware Business Accounts). The qualifying balance is calculated based on either (i): your average daily balance for a three-calendar-month period, or (ii) your current combined balance, provided that you enroll at the time you open your first eligible business checking account and satisfy the balance requirement at the end of at least one day within thirty days of opening that account. Eligibility to enroll is generally available three or more business days after the end of the calendar month in which you satisfy the requirements. Benefits become effective within 30 days of your enrollment, or for new accounts within 30 days of account opening, unless we indicate otherwise. Certain benefits may be available without enrolling in the program if you satisfy balance and other requirements. Not all account types will count toward the balance requirements and receive program benefits. Refer to your Business Schedule of Fees for details on accounts that qualify toward the combined balance calculation and receive program benefits. Not all products and services eligible for benefits under the Preferred Rewards for Business program are available in all locations. Business Banking clients may contact their relationship manager for details about which products are available to them. Please contact 888.BUSINESS (888.287.4637), or if you are a Merrill Lynch Wealth Management or Bank of America Private Bank client, contact your advisor for details about which products and services are available in your location.

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Merchant Services Processing Rate Discount (Simplified Pricing plan): If you: (1) are enrolled in the Preferred Rewards for Business program, (2) have a Merchant Services processing account with Bank of America that has an 8-digit Merchant ID number (“Merchant Services”), (3) are on the Simplified Pricing plan, and (4) are settling your sales processing transactions into a Bank of America business checking account, then you are eligible to receive a discount on your Merchant Services processing rate based on your tier status in the program as follows: Gold tier: 0.05%, Platinum tier: 0.07%, Platinum Honors tier: 0.10%. For example, if your regular processing rate for swiped transactions is 2.65% +$0.10, your rate at the Gold tier would be 2.60% +$0.10, at Platinum: 2.58% + $0.10, and at Platinum Honors: 2.55%+ $0.10. The processing rate discount savings will be applied as a credit on your Merchant Services account at the end of each billing cycle. To receive this benefit, your Merchant Services processing account, and the Bank of America business checking account where you are settling your sales processing transactions, must be open and you must be enrolled in Preferred Rewards for Business at the time the benefit is paid. Any pending benefits forfeit upon account closure. Your processing rate discount will be based on your Preferred Rewards for Business tier at the time the benefit is paid. Exclusions may apply based on merchant processing product. Subject to change.

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Hardware and some software features subject to change and may not be available.

A valid email address is required to apply for a Merchant Services account. Statements will automatically be sent electronically each month. Printed statements are available by request.

Opening a merchant account subject to approval. Terms and conditions apply. This is not a commitment to open an account. Programs, rates, terms and conditions are subject to change without notice.

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

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.

MAP9154386-03032028 | LP-09-26-0089.B

Our Point of Sale solution1 evolves with your business

Point of Sale solution

Get more with Preferred Rewards for Business4

Processing Discount

Our Point of Sale solution¹ evolves with your business

Get more with Preferred Rewards for Business⁴