How It Works
How does EFTPOS work? Who is involved?
When you first get an EFTPOS machine it can be a little confusing as to who does what for you. There are four main players and each have a different role in the process. Let’s look at each role below.
Your EFTPOS Payments Expert. Your first point of call for anything payments related
This is the company that facilitates the safe and secure transfer of funds from your customer’s bank account to your bank account. E.g Paymark/Verifone
Your Processing Bank
This is the bank that provides you with a merchant number and also provides you with your credit card facilities.