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. But when it's in lower case letters, eftpos refers to the debit card payment system.. EFTPOS is an acronym for "Electronic Funds Transfer at Point of Sale ". It is a unique technology that allows for the electronic transfer of funds from customers' bank accounts to your business account during a transaction, eliminating the need for physical cash or checks. This is done through the use of payment cards, such as EFTPOS.
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What Is The Difference Between EFTPOS And POS?
Looking for online definition of EFTPOS or what EFTPOS stands for? EFTPOS is listed in the World's most authoritative dictionary of abbreviations and acronyms The Free Dictionary. What does EFTPOS stand for? Even as an acronym, EFTPOS is a bit of a mouthful. In its full form, EFTPOS means electronic funds transfer at point of sale. The term can be confusing because while it always refers to the field or system of on-site electronic payments. People may use the term when speaking of either the payment card (an EFTPOS card.
