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Internet Order Centers
Bank
of America is providing an Internet merchandising service that both
encourages the use of credit cards and helps small businesses. For some
time the bank has had a facility in Charlotte, NC that was processing
credit card payments for merchants. It has now established an Internet
Order Center that offers small businesses their own Web sites for making
Internet sales from their own online store. The program is available to
merchants that have accounts at the Bank of America. According to the
article in Ticker, 70 stores
have signed up. Retailers that already have a Web site pay a flat $250
fee to set up the site and then $100 a month to maintain the site. Those
creating a new storefront pay corresponding fees of $495 and $175.
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