What is eftpos?

eftpos is Australia’s debit card payment system, allowing consumers to pay for purchases electronically at the point of sale, and take cash-out.

Who owns eftpos?

eftpos is owned and administered by eftpos Payments Australia Limited, which is wholly owned by 19 Members being financial institutions and some major retailers.

Why is it better for me to accept eftpos?

Making eftpos available provides your customers the choice to access their own money through a safe, convenient and efficient Australian-owned debit payment option. Accepting purchases on eftpos reduces the amount of cash you need to hold in your till and enables you to provide cash out for your customers, reducing exposure to theft, mishandling and misappropriation. eftpos is extremely safe, having the lowest card fraud rates in Australia. For more information, refer to the Australian Payments Network Limited Fraud Statistics.

How am I charged for transactions?

eftpos does not charge you, as a merchant, directly for transactions. Please speak with your bank or service provider about the merchant service fees charged on eftpos transactions. Your bank or service provider may charge you a merchant service fee, which could include a fee for the rental of your terminal.

What are Interchange Fees?

Interchange Fees are what institutions on either side of an eftpos transaction charge each other.

What if my customer’s card doesn’t have an eftpos logo on it?

Don’t worry, they can still pay with eftpos using almost any debit card issued by an Australian bank, regardless of which logo it has on it. All your customer has to do is press CHQ or SAV and they will be paying by eftpos. eftpos Members are now rolling out eftpos-only cards with eftpos Tap & Pay™ functionality for extra simplicity and speed at the checkout, and greater security against skimming with an EMV Chip. These cards will have a Chip and an eftpos logo on the front. Also, any prepaid card or gift card with an eftpos logo will mean the transaction is an eftpos transaction.

I am about to open a shop, how do I get set up with merchant facilities?

Please contact your Acquirer (payment acceptance service provider). They will be able to take care of all your set-up and ongoing needs.

Do I need one terminal for eftpos and another for other scheme (debit and credit) cards?

No. Unlike in a number of other countries, Australians are fortunate in that almost all electronic transactions, including eftpos, can be processed through a single terminal.

When will eftpos be available Online and on Mobile?

As Australians change the way they shop and pay, eftpos is evolving its technology to meet their needs. As such, we are committed to the development of new eftpos payment products on new technology platforms such as eftpos Tap & Pay, Online and Mobile. eftpos has launched eftpos Mobile Tap & Pay on Apple Pay and Google Pay. Online to follow in the near future.