What is eftpos function?

EFTPOS (Electronic Funds Transfer at Point Of Sale) is a payment system that allows customers to make electronic payments using their debit or credit cards at retail locations. It facilitates real-time transactions by connecting point-of-sale terminals to the customer's bank, enabling direct transfer of funds. This system enhances transaction speed and security, providing a convenient alternative to cash payments. Additionally, EFTPOS can support various payment methods, including contactless and mobile payments.