EFTPOS terminals are similar to EPOS terminals but are also able to transfer funds from a customer's bank account direct to a retail outlet's account after reading the customer's debit card.

Advantages of EFTPOS terminals include

EFTPOS terminals provide a much faster method of payment than checks and credit cards.

Disadvantages of EFTPOS terminals include

	There is a risk that debit cards can be stolen or forged.
	Some people believe that debit cards also encourage people to spend more.