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eftpos is like direct debit, youre using your own money that exists in your account where as credit is a payment put through pending you are borrowing it from the bank and it gets approved.
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∙ 10y ago
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How does an eftpos card work?
with style
How old do you have to be to get a eftpos card?
8 Years Old. ;)
What is stored on the magnetic strip of a eftpos card?
The magnetic strip holds the information of your card.
What does EFTPOS mean?
EFTPOS stands for Electronics Funds Transfer at Point of Sale. Its basically a retail till with the ability to accept credit and debit card transactions
What does code 41 mean with an eftpos transaction?
41 - Means 'Lost Card'
What is the purpose of EFTPOS?
The word EFTPOS is an acronym stands for 'Electronic Funds Transfer Point Of Sale'. An EFTPOS Machine allows a seller to directly debit a customer's bank account by using a debit card or credit card. A debit or credit card is the same as an ATM card. The card is swiped through a magnetic strip reading device on the EFTPOS Machine, and after a customer enters his or her PIN number the transaction is authorised and funds transfer from the customer's account to the seller's account with 24 to 48 hours or 2 business days. EFTPOS Machines can be integrated with other Point of Sales hardware to save users having to enter in the transaction amounts, which could result in user error, allowing for a more automated process. It should be noted that EFTPOS is generally an Australian term and is not widely used in the rest of the world.
Is American Express Visa or Master Card?
American Express is a credit card. It is similar to Visa or MasterCard, but different.
Can a 13 year old get a eftpos card?
No, you must be legally an adult in order to qualify. But in New Zealand you can. I got mine when I was 8.
What are the disadvantages of using eftpos?
Some of the dissadvantage of using EFTPOS are Its not practical for small items Both the buyer and the seller have to py charges for using EFTPOS
What are some different brands of Master Card credit cards?
Different brands of Master Card credit cards include retailers such as Amazon, Aqua, and Marks & Spencer, as well as banks such as Halifax, Lloyds, or Satander, and many more.
When was the debit card chip and pin introduced into New Zealand?
EFTPOS was introduced through petrol stations in a pilot program in 1985
How do you use an eftpos machine?
you slide the card in and pick from check savings or credit and either pin number or sign... pretty simple hope it helped :)
