What is the Difference Between EFTPOS and MPOS?


EFTPOS (Electronic Funds Transfer at Point of Sale) and MPOS (Mobile Point of Sale) are like the dynamic duos of electronic payment systems in retail. They’re here to save the day, offering a cashless and convenient way for customers to pay. But wait, what sets them apart? In this article, we’ll uncover the secret identities of EFTPOS and MPOS, helping you choose the perfect sidekick for your business!


EFTPOS: the OG electronic payment method that has been rocking since the 80s. It’s all about that card with a magnetic stripe or chip, swiped or inserted into a reader. Enter your PIN, and voila. Your bank account does the rest. It’s like magic, but with money.

EFTPOS systems are typically used in physical retail stores and require a dedicated terminal to process payments. These little marvels are like VIPs in the banking world – accepted by most banks and can effortlessly connect to multiple merchant accounts. It’s like having a personal assistant for your business transactions.

EFTPOS: the reliable and secure payment method that keeps fraudsters and chargebacks at bay. Just remember, you gotta have the dough to make the show.


MPOS, on the other hand, is the cool kid of electronic payment systems. It’s all about using your trusty smartphone or tablet to process payments. Imagine having this sort of thing even 20 years ago. With MPOS, merchants can turn their mobile devices into portable card readers by downloading a special app and attaching a card reader accessory.

MPOS offers many benefits for businesses, including flexibility and convenience. With the power of a mobile device, businesses can now accept payments anywhere, from in-store to on-the-go. It’s like having a virtual cash register in your pocket. This is a game-changer for small businesses and entrepreneurs without a physical storefront.

Another advantage of MPOS is that it often has lower set-up costs compared to EFTPOS systems. Businesses can purchase compatible card readers at a fraction of the cost of a traditional EFTPOS terminal.

However, one downside of MPOS is that it may not be as widely accepted as EFTPOS by banks and payment networks. This means that businesses may have to manage multiple merchant accounts to accept payments from different providers.

Why EFTPOS Systems are Better

In short, EFTPOS systems are better suited for larger businesses with a physical storefront. They offer reliability, security, and ease of management. With https://www.myzeller.com/eftpos-terminal-machines and other reliable solutions, you get integrated POS systems, tipping, branding, split payments, and lots of other amazing features. 

What’s more, you can accept mobile payments and other emerging payment methods. 

MPOS systems are yet to reach the same levels as EFTPOS systems but always make decisions based on your needs. If the system doesn’t meet your needs, what’s the point in spending money, right?