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Bank of America

One of the largest banks in the U.S also provides outstanding processing solutions to merchants, with a promise to beat any competitor’s rates. While the corporation doesn’t publish its fees, it offers tiered pricing for merchants, with fees based on the dollar amount of all monthly transactions. Prices are in line with processing rates from other services, with high-volume merchants enjoying rates as low as 1.89 percent plus $0.20 per transaction. Bank of America assures fast payments, with merchants receiving their money as early as the next day.

For traditional in-store POS systems, Bank of America Merchant Solutions provides the Clover Station, an impressive system that includes a receipt printer, terminal, cash drawer, and all the software a business needs to process payments from anywhere. The Clover Station gives your business everything it needs to get started with credit card processing. With Bank of America Merchant Services, businesses have access to the one of the top processors on the market today.


  • Fast verification and processing
  • Lack of transparency
  • Steep cancellation fee if you do not bank with Bank of America

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