EFTPOS stands for Electronic Funds Transfer at Point of Sale.

Quick meaning

  • It refers to electronic payment transactions that happen directly at the checkout or payment terminal, usually using debit or credit cards.
  • The system moves money electronically from the customer’s bank account to the merchant’s account at the moment of purchase.

Extra context

  • The term is widely used in countries like Australia and New Zealand for card terminals and in-store electronic payments.
  • In some regions, “eftpos” (lowercase) can also specifically refer to a national debit card network, not just any card payment.

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