Bank of America Mobile Point of Sale

What Bank of America Mobile Point of Sale is

Bank of America Mobile Point of Sale combines the BofA Point of Sale Mobile app with the Mobile Card Reader D135 for on-the-go payment processing and sales reporting. Customers can pay by swiping, dipping, tapping, or phone, and receive receipts by email or text. Listed payment methods include credit cards and signature debit, along with cash and check recording, and magnetic stripe, EMV, and contactless Visa and Mastercard. PIN Debit, EBT, and gift card transactions are not supported; contactless payments are also unavailable for China UnionPay and JCB. The app lets users view and manage Business Advantage and Merchant Services accounts in one place. Use requires both a Bank of America Merchant Services account and a Bank of America business checking account, with Merchant Services funds settled into that checking account. The maker says enrollment in Business Advantage 360 is required to have a Merchant Services account. The D135 reader requires a compatible iOS or Android smartphone or tablet supplied by the merchant. Per-sale pricing is 2.65% + 10¢ for in-person swipe, dip, and tap payments, 3.50% + 15¢ for manual keyed-in payments, and 2.99% + 30¢ for online e-commerce payments. The maker advertises same-business-day access to funds at no cost for qualified accountholders, subject to credit approval and other conditions.