Head to head
Compared side by side on published facts and the same six criteria every review is graded on — generated from the live directory, not a sales page.
Bank of America Merchant Services
Payment Processor · 3.0/5 mean
Bank of America Merchant Services is a large, bank-integrated payment processing solution ideal for existing BofA business checking customers who value brand stability, seamless funding, and broad payment acceptance though it lags behind fintech competitors on pricing transparency, modern integrations, and third-party review scores.
Read the full review →Chase Payment Solutions and Merchant Services
Payment Processor · 3.8/5 mean
Chase Payment Solutions is the merchant services arm of the #1 US bank, offering small and mid-sized businesses a deeply integrated combination of payment processing, same-day deposits, and banking tools. They're backed by the trust and scale of JPMorgan Chase but with flat-rate fees that may not suit high-volume merchants.
Read the full review →Chase Payment Solutions and Merchant Services holds the higher standing — by grade, then mean category score. The row-by-row picture below is what should actually decide it for your business.
Both graded against the same six criteria. How we grade · Last fact-checked August 19, 2026.
| Criterion | Bank of America Merchant Services | Chase Payment Solutions and Merchant Services |
|---|---|---|
| Pricing transparency | 2.0 | 3.0wins this criterion |
| Feature set | 4.0 | 4.0 |
| Ease of use | 3.0 |
Straight from each provider's published documentation. Where a number isn't published, we say so rather than estimate.
| Metric | Bank of America Merchant Services | Chase Payment Solutions and Merchant Services |
|---|---|---|
| Online rate | 2.99% + .30 | 2.9% + $0.25 per transaction |
| Monthly fee | No standard monthly fee on the simplified pricing plan; POS software solutions require a monthly subscription fee | $0 (basic plan; Chase Business Complete Banking may have separate monthly fee waivable with $2,000/month in payments) |
| Payout | Next business day for all merchants (settlement to a required BofA business checking account) | Next business day for deposits to non-Chase bank accounts |
| Contract | No length of term required. No penalty for closing the account. | Month-to-month plans. Free terminal plans may require 2 year service agreement. |
| In-person rate | 2.65% + .10 | 2.6% + $0.10 per transaction |
From the Bank of America Merchant Services review
Chase Payment Solutions pairs a similar bank-integrated model with 24/7 live phone support and slightly lower published online rates, while support quality at Bank of America Merchant Services is inconsistent. BofA still makes sense for existing BofA customers, who get no-fee same-day funding and Preferred Rewards rate discounts.
Pick Chase Payment Solutions and Merchant Services if you already bank with Chase or want 24/7 live phone support from your processor
Ideal for
Not recommended for
Ideal for
The full reviews carry the pricing narratives, contract analysis and everything else behind these numbers — or let the matching funnel score the whole directory against your business.
| 4.0wins this criterion |
| Customer support | 3.0 | 3.0 |
|---|
| Contract terms | 3.0 | 4.0wins this criterion |
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| Industry reputation | 3.0 | 5.0wins this criterion |
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| Keyed rate |
|---|
| 3.50% + $0.15 |
| 3.5% + $0.10 per transaction |
| International rate | Not disclosed | Dynamic Currency Conversion available; custom rates apply |
|---|
| PCI fee | Not disclosed | Not publicly listed |
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| Statement fee | Not disclosed | Not publicly listed |
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| Chargeback fee | Not disclosed | $25 to $100 per incident |
|---|
| Early termination | No early termination fees on simplified pricing plan. Older/legacy contracts through Fiserv/First Data had ETFs up to $500. | $0 for month-to-month accounts; applicable if free hardware accepted under 2-year contract |
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| Last fact-checked | August 19, 2026 | August 19, 2026 |
|---|
Not recommended for