Streamline your business with all-in-one payment processing


No matter what stage your business is in – starting out, managing the day-to-day or focused on growth – our solutions can help.

Simplified pricing

Simplified pricing

Transparent pricing and clear card transaction fees.

Improved cash flow

Improved cash flow

Access funds as soon as the same business day.

Cutting-edge security

Cutting-edge security

Encryption and tokenization to help protect you and your customers.

One seamless relationship

One seamless relationship

Combine banking and payment processing into one seamless experience.

See what our payment solutions are all about

Whether you’re new to our payment processing or already working with us, this video will give you a sense of the depth and breadth of our offerings.

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Why choose Bank of America for payment solutions?

We go beyond just payments to give you what you need to succeed. Whether you need to accept payments on-the-go, in store or online, we have a variety of solutions to choose from.

Clear, transparent and simplified pricing ensures you always know how much you will pay for each transaction. Plus, we offer no-fee, same-day funding for qualified account holders,1 along with custom pricing.

Say 'yes' to convenience:
No long-term contracts
No hidden fees
No early-termination fees

Enjoy Simplified Pricing Rates:

Swipe, dip and tap:
2.65% + 10¢

E-commerce:
2.99% + 30¢

Keyed:
3.50% + 15¢

Offer customers more ways to pay and access funds as soon as the same business day.

Get quicker funds—Access funds as soon as the same business day.1

Offer a range of payment options—Credit, debit, digital and virtual terminal payment acceptance and processing.

Give customers the options they want—Accept dip, swipe, keyed and contactless payments.

Effortlessly view and manage Business Advantage and Merchant Services accounts all in one place.

View dashboard

Business Advantage/Merchant services dashboard

Cutting-edge data security is included in all our solutions, like encryption and tokenization that help protect businesses and customers alike, all at no extra cost.2

End-to-end encryption—Enjoy peace of mind knowing your clients’ sensitive card data is converted into unreadable code before it leaves the payment terminal and is never available unencrypted.

Tokenization—When card information is entered, the process transfers the card number to a unique token, minimizing risk for you and your customers.

PCI Compliance/PCI Assist—Our PCI Assist tool helps ensure you adhere to the mandatory Payment Card Industry (PCI) Data Security Standards. You can use PCI Assist to easily complete the required annual revalidation process and to access free security policy templates. PCI Assist is included in your Merchant Services account at no extra cost.

24/7 Support—Get peace of mind knowing you have help whenever you need it with 24/7 U.S.-based technical support. Plus, we have experienced merchant consultants at your service.

Payment terminals come with the supplies you’ll need so you can get up and running quickly.

Virtual Terminal—Need the ability to process payments virtually or over the phone? The Virtual Terminal makes it easy for you to sell in a number of different ways.3

Just need to take payments?—With our Basic Payment Solution, you can easily provide a wide variety of payment options and deliver a great customer experience at checkout.

A smart POS system—Take care of time-consuming administrative tasks with a system that goes beyond payments to easily manage employees, inventory and more.4

Preferred Rewards for Business members enjoy many rewards and ways to save including a processing rate discount on Merchant Services when they are enrolled in the Simplified Pricing plan.5

Rate Discounts
Gold: 0.05%
Platinum: 0.07%
Platinum Honors: 0.10%

For example, a Platinum Honors member with a 0.10% discount qualifies for these rates:

Swipe, dip and tap:
2.55% + 10¢

E-commerce:
2.89% + 30¢

Keyed:
3.40% + 15¢