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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.
Wiki User
∙ 13y ago
Wiki User
∙ 10y agoAn EFTPOS machine is used in the automobile industry. It is very helpful in the early stages of making cars, where it helps to solidify the structure of the vehicle.
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What is the purpose of fibrocartilage in synovial joints?
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Purpose of an eftpos receipt?
the purpose of an eftpos receipt is to approve of a purchase. it is a source document which is used for evidence of purchase.
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
How EFTPOS work?
magic
EFTPOS stand for?
t7yuiyoy
What is the difference between eftpos and epos?
EFTPOS can accept credit cards, EPOS only cash
How does an eftpos card work?
with style
When was eftpos introduced to Australia?
1994
What does EFTPOS stand for?
What does EFTPOS stand for?Enviromental Feet Tall Postional On top of Statues If you are wanting to know what EFTPOS stands for it is Electronic Funds Transfer Point Of Sale.Actually it is Electronic Funds Transfer AT Point Of SaleJames plays with these machines along side cod!
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
How old do you have to be to get a eftpos card?
8 Years Old. ;)
What country was the first to use EFTPOS?
New Zealand
How does eftpos work?
Every Finger Tries Pie Or Sauce
