Bank of America Announces Increase in Credit Card Fee

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Due to a recent rate change by the Visa and MasterCard associations, Bank of America Merchant Services has increased its rates for credit card transactions by 0.11 percent, effective April 1.

The rate for ABA members participating in the ABA/Bank of America credit card program has risen to 2.07 percent from 1.96 percent. All bookstores participating in the program should have received notice of this increase from Bank of America.

Booksellers with questions should contact ABA's credit card program representative, Howard Fromm, at (888) 361-9915, ext. 82156 or [email protected].