Apex Reader vs Bank of America Mobile Point of Sale

Apex Reader is a pocket-sized Bluetooth card reader for in-person payments away from a counter. It pairs with an iPhone or Android phone and accepts NFC contactless payments, EMV chip cards, and magnetic-stripe swipes, including Apple Pay and Google Pay. Bluetooth LE connectivity requires iOS 14 or later or Android 10 or later, and no separate data plan is required. The reader provides up to 12 hours of active use and charges through micro-USB. The Apexonepayments app can start a sale or retrieve one from an invoice, process refunds and voids, and add optional tax and tips. It sends branded receipts by SMS or email, while sales synchronize to the dashboard in real time. Reader transactions share a ledger with Apex Flex and Mini. Account activation takes under two minutes, with no setup fees or monthly minimums. Pricing is on request.

Bank of America Mobile Point of Sale combines the BofA Point of Sale Mobile app with the Mobile Card Reader D135 for mobile payment processing and sales reporting. Customers can pay by magnetic stripe, EMV, contactless Visa or Mastercard, signature debit, cash, or check recording, then receive receipts by email or text. The app brings Business Advantage and Merchant Services account management together. Use requires a Bank of America Merchant Services account and a Bank of America business checking account, with funds settled into that checking account; Business Advantage 360 enrollment is required for a Merchant Services account. The reader works with a compatible merchant-supplied iOS or Android phone or tablet. Listed rates are 2.65% + 10¢ per in-person sale, 3.50% + 15¢ for keyed payments, and 2.99% + 30¢ online. The D135 costs $109.00 once; its charging base costs $87.00 once.