Bank of America

Bank of America is the second largest U.S. bank card processor and they handle more than 7.4 billion annual transactions. As they are a leading partner to merchants of all sizes, they can offer a full suite of innovative products and services including Internet and e-commerce solutions, which allow you to take online, phone, fax, and mail orders and process card transactions with a web-based virtual terminal.

Their online payment gateway processing solution incorporates CyberSource Payment and SmartAuth which processes transactions in only 3 seconds, accepts all major credit cards and works with all major shopping carts and has several secure payment authorization and verification to help prevent fraud. They provide unlimited batch capacity and detailed transaction reports. They enable you to manage your account, look up orders and print reports all from a single web-based interface.

Their fees are in U.S. dollars and are as follows:

For the Payment and SmartAuth only:

• Initial set up fee is $150
• Maintenance fee is $19.95 per month
• Authorization fee is $0.30 per authorization

For the Payment, SmartAuth and Payer Authentication:

• Initial set up fee is $175
• Maintenance fee is $25 per month
• Authorization fee is $0.40 per authorization

The basic transaction fee is 2.12% of the transaction amount for qualified VISA, MasterCard and signature debit transactions. Other transactions will vary according to the individual case.

There is also a support pack fee of $11.95 per month, which is currently $5 off the regular price of $16.95 per month.

Payments Accepted: Online checks and major credit cards
Currency: US Dollars
Merchant Region Serviced: USA & Canada
Entities Accepted: Individuals/Businesses.