Visa Debit Vs. Eftpos – Which is better?
For many years Eftpos has held the crown for debit cards in Australia. Eftpos is very widely accepted in Australia and can be used to pay for goods and services at retailers. Over 60,000 retailers in Australia also provide the facility to receive cash back from the card which may be more convenient than finding an ATM. Debit cards can be a good way of managing your spending as funds are taken directly from your bank account unlike a credit card which allows you to borrow funds and delay payment. While Eftpos has faced increased competition from credit cards as a payment option it has not had any direct competition from other debit cards until recently. The two largest credit card organisations Visa and Mastercard have both launched debit cards in Australia. So, what’ the difference between these new debit cards and Eftpos and is it worth you changing? Let’s take a look at the Visa Debit card and compare it to Eftpos. The basics of the Visa debit card are the same as Efptos in that it c
