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Digital wallets accounted for 50% of eCommerce purchases , while debitcards raked up 12% of total transactions last year. Clients only need to swipe a card at your point-of-sale (POS) terminal or enter their bank account number into your website (Initiation). You have to perform international transfers.
ECommerce & Point of Sale (POS): ECommerce and POS systems utilize EFT when customers purchase online or at retail outlets. When using a payment terminal to swipe a debitcard or entering payment information on an eCommerce site, EFT is behind the scenes, processing card payments securely.
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