Bank of America Mobile Point of Sale combines the BofA Point of Sale Mobile app and Mobile Card Reader D135 for mobile payment processing and sales reporting. Customers can pay by swiping, dipping, tapping or phone, then receive receipts by email or text. Listed payment methods include credit cards, signature debit, cash and check recording, plus magnetic stripe, EMV and contactless Visa and Mastercard. The app lets users manage Business Advantage and Merchant Services accounts in one place. Pricing is 0.10 USD per contact for in-person swipe, dip and tap payments, billed 2.65% + 10¢ per sale; 0.15 USD per contact for manual keyed-in payments, billed 3.50% + 15¢ per sale; and 0.30 USD per contact for online e-commerce payments, billed 2.99% + 30¢ per sale. The D135 reader costs 109.00 USD per once, billed $109.00, and an optional charging base costs 87.00 USD per once, billed $87.00. Use requires a Merchant Services account, a Bank of America business checking account and Business Advantage 360 enrollment. The reader needs a compatible merchant-supplied iOS or Android device.
Who it is for
This solution suits businesses needing mobile card acceptance and sales reporting through Bank of America Merchant Services. It requires the specified Bank of America accounts and a compatible merchant-supplied smartphone or tablet.
What is good
- Supports swipe, dip, tap and phone payments
- Receipts can be sent by email or text
- Includes 24/7 U.S.-based technical support
- No long-term contracts or early termination fees
What to know first
- Requires Merchant Services and business checking accounts
- PIN Debit, EBT and gift card transactions are unsupported
- Reader requires a compatible merchant-supplied device
- China UnionPay and JCB contactless payments are unsupported
Verdict
The product combines mobile payment acceptance with account management and sales reporting, but eligibility depends on several Bank of America account requirements. Review the transaction rates and unsupported payment types before choosing it.
Bank of America Mobile Point of Sale plans and pricing
All plansCompared on mobile payment processing software
- Reader required
- Yes
- Tap to Pay
- No
- Offline payments
- Yes
- Payment methods
- credit cards, signature debit, cash and check recording; magnetic stripe, EMV and contactless Visa/Mastercard
- Recurring payments
- Yes
