Debit Cards vs. EFTPOS - what’s the difference?
We tend to hear talk about debit cards and EFTPOS used interchangeably, but it’s important to know what each term actually means (and that you’ve got the right one in your wallet).
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We tend to hear talk about debit cards and EFTPOS used interchangeably, but it’s important to know what each term actually means (and that you’ve got the right one in your wallet).
Most of us use debit cards on a daily basis. They even seem to be becoming the norm over physical cash, with the takeaway shop lady reaching for the eftpos machine before she even asks me how I’d prefer to pay.
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Picture this: you’re out to grab a few groceries - you pick up your milk, bread, veggies and a sneaky chocolate bar - and head over to the counter. How are you going to pay?
When it comes to your wallet, it's easy for all of the cards to start to blend together. If you've got yourself a debit card, you might start to wonder what makes credit cards different, and whether you need one or the other - or both!
Stay on top of the fast-paced debit card game with breaking news from the finance geeks you trust.
Many of us are over physical money – some never even carry it. Check your wallet right now, it’s likely padded with debit cards but light on notes.
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New payments service PayTo went live this week and has been touted as an easy way for customers to pre-authorise real-time payments from their bank accounts.
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After nearly two years of border closures, international travel is back for fully vaccinated Australian citizens and permanent residents, with Canada, Fiji, Italy, Spain, the UK and the US among the countries currently open to Aussie jetsetters. But has enthusiasm for international travel come back yet?
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More than one in three Australians (35%) would ‘happily’ say goodbye to using coins and notes in as little as a year, new research from ME has found.
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