What are EFTPOS payments?
EFTPOS payments are electronic transactions that allow customers to pay for goods and services using debit cards, credit cards, or digital wallets. Funds are transferred securely from the customer’s bank account to the business account at the point of sale.
Related FAQs
Terminals
Yes, our terminals integrate with over 1000 different POS providers. Please contact us to confirm if our terminals are suitable with your specific POS requirements.
Once your merchant application has been approved, it is typically delivered within 3-5 business days.
We offer multiple terminal options. This means we can recommend the most suitable option for your business based on your specific requirements. Please contact us to discuss our options.
Integrated EFTPOS allows your POS system to communicate directly with your EFTPOS terminal. The benefits of integrated EFTPOS include streamlined reconciliation, faster card processing times, a reduction in double-entry data errors and more robust reporting tools.
Integrated EFTPOS is now becoming the default option for businesses. This is because it allows you to serve customers faster and streamline reconciliation.
Our terminals are 4G, Wi-Fi and Bluetooth compatible. There is no additional cost to utilise these connectivity options as the communications cost is included in the package.
Our primary goal is to keep the cost of processing payments as low as possible to help support businesses. We have a number of options that we can recommend once we understand the requirements and circumstances of your business. Contact our sales team about the best pricing options for you.
The EFTPOS terminal is pre-configured to automatically settle at the same time 7 days a week. The settlement time is agreed upon during the application process and is your decision.
A gross settlement method is when your fees are calculated on your revenue at the end of the month. Fees are then charged and direct debited once per month.
A net settlement method is when your fees are calculated each day and retained from your funding on a daily basis. This means that you will not incur charges for your transactions at the end of each month.
Absolutely. We aim to provide flexible options for your business so you can decide which option best fits your requirements.
Same Day Funding means that we can fund your processed transactions on the very same day. E.g. Monday's revenue would be funded to your bank account on Monday evening (prior to midnight). Same Day Funding is an add on service and additional fees may apply. Please contact us to discuss this option.
Next Day Funding means that your processed transactions are funded the next business day. E.g. Monday's revenue will be funded Tuesday afternoon. For further explanation please see the following support article on our settlement and funding timeframes.
Our services are suitable for any event where you need a fast and reliable payments solution. We regularly manage payments at sporting, musical and community events as well as charity and social events including food festivals.
Event terminals are available for events with a minimum projected revenue of $20,000. Not sure if your event qualifies? Reach out to us, we're happy to chat through the details and find the right fit for you.
All event terminals are dispatched via Express Post from our Melbourne office, so they'll be with you fast. Prefer to pick them up yourself? No problem, collection is available directly from our office. Just gives us a heads up so we can have everything ready for you.
Yes, user guides and instructions are provided. For larger events we can have staff onsite to assist with operations and any training requirements.