Ask HN: BOA is offering me a Merchant Account, are these good terms?

The rates per transaction will be: 1.99% + .27 (qualified) & 3.45% + .32 (non qualified). No Application Fee No Statement Fee No Monthly Minimum Next business day funding if you have your Small business banking relationship with us No Contract No Early Termination fee

They charge $25/month for using a different Payment Gateway, plus $9.95 monthly PCI Compliance fee.