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What is EFTPOS?Electronic Funds Transfer at Point Of SaleAdelaide Bank cardholders (Cashcard / Visa) can use more than 500,000 EFTPOS terminals around Australia. Businesses that have EFTPOS facilities encourage its use and will generally display the 'e' logo. EFTPOS simply transfers the value approved by you from your selected account, into the account held by the Merchant (business). You can use your Cashcard or Visa to access your cheque, savings or credit card account to pay for goods and services, even withdraw cash at some locations. Your PIN is used to authorise transactions on your Cheque and Savings accounts, and your signature is used to authorise transactions from your Visa account for Visa transactions. Adelaide Bank Merchant ServicesAdelaide Bank businesses can benefit from having EFTPOS Merchant facilities as this can reduce their cash holdings and attract more sales.
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