Electronic funds transfer at point of sale, abbreviated as EFTPOS (/ ˈɛf (t) pɒs /), is a type of payment transaction in which electronic funds transfers (EFT) are processed at a point of sale (POS) system or payment terminal usually via payment methods such as payment cards (debit cards, credit cards or gift cards).

EFTPOS stands for Electronic Funds Transfer at Point of Sale. It is a highly secure and efficient electronic payment system that allows your customers to make transactions by transferring funds from their bank account to a merchant’s business account instantly.

Dec 14, 2020 · While you've probably only ever hear it referred to as 'EFTPOS', EFTPOS is an abbreviation that stands for Electronic Funds Transfer at Point Of Sale. Put simply, that means using a device like an EFTPOS terminal (otherwise known as an EFTPOS machine) to transfer funds from a customers bank account and ultimately into a business bank account.

Dec 13, 2024 · EFTPOS can take payments over the phone, can be mobile (which many businesses require), but cannot be virtual. Find out how your business could benefit from a POS trusted by over 40,000 businesses worldwide.

EFTPOS stands for Electronic Funds Transfer at Point Of Sale. EFTPOS is a technology that allows customers to pay for their products or services with a debit or credit card. EFTPOS lets you accept electronic payments in your store, giving your customers more ways to pay.

Your interactions with EFTPOS have been countless, yet do you know what’s behind this everyday technology? Read on to learn what EFTPOS transactions are, how they work, and how to select the right hardware for your business.

Nov 5, 2021 · Electronic Funds Transfer at Point of Sale works via a payment device, also called an EFTPOS machine. This machine is designed to transfer money from a customer to the merchant’s business bank account.

You can start accepting eftpos, Visa, Mastercard, American Express and JCB cards using the Square Reader, Square Terminal or Square Register. Check out these tips on choosing the right EFTPOS machine for your business.

Sep 25, 2024 · Infusing an EFTPOS machine into your retail operations does more than simplify payments, it enriches the customer experience and declutters your business processes. Ready to dive in? Begin exploring EFTPOS possibilities today and …

EFTPOS in capital letters stands for Electronic Funds Transfer at Point of Sale. It's the term used to describe an electronic terminal that allows payments to be taken from debit cards, credit cards, and digital wallet systems such as Apple Pay and Google Pay.