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New Zealand Payments » EFTPOS card


EFTPOS cards have become an integral part of our daily lives, offering a convenient and secure way to make payments. In this article, we will delve into the world of EFTPOS cards, exploring what they are, how they work, their benefits, and how to use them effectively. We will also address common questions such as whether you can use an EFTPOS card online and the differences between EFTPOS cards and debit cards. So, let’s dive in!

What is an EFTPOS Card?

An EFTPOS card, short for Electronic Funds Transfer at Point of Sale, is a payment card linked to your bank account. It allows you to make electronic transactions at various points of sale, such as retail stores, restaurants, and ATMs. Unlike credit cards, EFTPOS cards enable you to access the funds available in your bank account directly.

How Does EFTPOS Work?

When you make a purchase with an EFTPOS card, the transaction takes place electronically. The EFTPOS machine reads the card’s information and connects to the payment network to authorize the transfer of funds from your bank account to the merchant’s account. This process occurs in real-time, ensuring swift and efficient transactions.

How to Use an EFTPOS Card

Using an EFTPOS card is simple and straightforward. Here’s a step-by-step guide:

  • STEP 1: Present your EFTPOS card to the merchant at the point of sale.
  • STEP 2: The merchant will swipe or insert your card into an EFTPOS machine.
  • STEP 3: Enter your PIN to authorize the transaction.
  • STEP 4: Confirm the transaction amount and any additional details displayed on the screen.
  • STEP 5: Once the payment is approved, the funds are transferred from your account to the merchant’s account.

Can You Use an EFTPOS Card Online?

Traditionally, EFTPOS cards have been primarily used for in-person transactions. However, with the advancement of technology, some EFTPOS cards now offer online payment capabilities. This allows you to use your EFTPOS card for online purchases at participating merchants. It’s essential to check with your card issuer or bank to confirm if online transactions are supported.

EFTPOS Card vs. Debit Card

EFTPOS cards and debit cards are similar in many ways, but they do have some key differences. While both cards are linked to your bank account, EFTPOS cards are specifically designed for use within New Zealand, whereas debit cards are typically associated with international payment networks like Visa or Mastercard. Additionally, EFTPOS cards often require a Personal Identification Number (PIN) for transactions, while debit cards may offer the option of signature-based transactions.

Benefits of EFTPOS Cards

EFTPOS cards offer several advantages, including:

  • a. Convenience: Easy access to funds in your bank account for everyday purchases.
  • b. Real-time Transactions: Immediate transfer of funds at the point of sale.
  • c. Security: Reduced risk of fraud compared to carrying cash.
  • d. No Debt Accumulation: Transactions are limited to the available funds in your account.
  • e. Cost-Effective: EFTPOS transactions often have lower fees compared to credit card transactions.

EFTPOS Problems

While EFTPOS systems are generally reliable, occasional issues may arise. Some common problems include network connectivity issues, card malfunctions, or merchant-specific errors. In such cases, contacting your bank or card issuer for assistance is recommended.


EFTPOS cards provide a convenient and secure payment option for individuals and businesses in New Zealand. Understanding how they work and their benefits can help you make the most of this payment method. Whether you’re using an EFTPOS card for in-person transactions or exploring its online capabilities, it offers a reliable way to manage your finances. Embrace the convenience of EFTPOS and enjoy hassle-free transactions throughout New Zealand.

Here are some official websites related to EFTPOS that you can explore:

EFTPOS New Zealand
Visa Contactless Payments
Mastercard Contactless Payments
New Zealand Bankers’ Association – EFTPOS
Reserve Bank of New Zealand – EFTPOS