Eftpos stands for Electronic Funds Transfer at Point of Sale. It is a way of paying for things using cards instead of cash. Eftpos cards look like normal credit or debit cards but they work differently. When you use your card, the money is taken directly from your bank account, like taking money out of an ATM. This means you don’t need to carry cash or use a credit card. It’s also a fast and secure way to make payments.