Bank of America Mobile Point of Sale vs Beacon Payments Mobile Payments
Bank of America Mobile Point of Sale
business.bankofamerica.com
Beacon Payments Mobile Payments
beaconpayments.comSide by side
| Figure | Bank of America Mobile Point of Sale | Beacon Payments Mobile Payments |
|---|---|---|
| Price from | — | — |
| Free plan | — | — |
| Free trial | — | — |
| Open source | — | — |
| Web | Yes | — |
| iOS | Yes | Yes |
| Android | Yes | Yes |
| Plans published | 5 | 1 |
| Spec score · Mobile Payment Processing Software | 7.9 (#7) | 7.4 (#16) |
| Funding | The maker advertises same-business-day access to funds at no cost for qualified accountholders, subject to credit approval and other conditions. | Beacon says mobile payment deposits can arrive up to 24 hours faster than those from many traditional processors. |
| Support | The product includes 24/7 U.S.-based Merchant Services technical support. | Beacon advertises 24/7/365 U.S.-based technical support by phone at 877-986-4445. |
Plans
Bank of America Mobile Point of Sale
- In-person swipe, dip and tap paymentsPriced on request
- Manual keyed-in paymentsPriced on request
- Online e-commerce paymentsPriced on request
- Charging Base D135$87, paid once
- Card Reader D135$109, paid once
Beacon Payments Mobile Payments
- Mobile PaymentsPriced on request
In their own words
Bank of America Mobile Point of Sale
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.
Beacon Payments Mobile Payments
Beacon Payments Mobile Payments has no write-up on Specifiction yet; its figures are above.