Uploaded March 2026 | Updated September 2026, 2 weeks ago
Most people think EFT just means tapping or swiping a card, but it’s much broader than that.
In this video, we explain what an EFT (Electronic Funds Transfer) payment is, how it works, and why it matters for your business. Learn the difference between EFT and EFTPOS, how long EFT payments take to process, and the key benefits of accepting electronic payments.
Whether you’re running a small business or just want to understand modern payment methods, this guide covers everything from card payments and bank transfers to mobile wallets like Apple Pay and Google Pay. We also break down processing times, instant transfers, and what businesses need to know about security and cash flow.
Most people think EFT just means tapping or swiping a card, but it’s much broader than that.
In this video, we explain what an EFT (Electronic Funds Transfer) payment is, how it works, and why it matters for your business. Learn the difference between EFT and EFTPOS, how long EFT payments take to process, and the key benefits of accepting electronic payments.
Whether you’re running a small business or just want to understand modern payment methods, this guide covers everything from card payments and bank transfers to mobile wallets like Apple Pay and Google Pay. We also break down processing times, instant transfers, and what businesses need to know about security and cash flow.
