The Basics of Electronic EFTs: What is an Electric Funds Transfer?
EBizCharge
JUNE 3, 2024
ECommerce & Point of Sale (POS): ECommerce and POS systems utilize EFT when customers purchase online or at retail outlets. Cons of using EFTs: Technical issues: EFTs can be susceptible to technical problems, such as server outages or software glitches, which can delay transactions.
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