I started a very small online retail store a month ago (May 2010) and told Bank of America that I was looking to experiment with different vendors just to see how businesses operate and how to do normal operations. I told them I had no idea if I would make money or not. They had me sign an amendment to waive the early termination fee so I would agree to try them out. A VP of Bank of America Merchant Services told me that no fees would be charged until June 30th, 2010. That gave me ample time to get the business up and running. Today First Data and Bank of America garnished the earnings from an online sale to pay First Data's setup fees. I promptly ended business relationships with both Bank of America and First Data.