Can I Use An Eftpos Terminal For My Online Store

We often get asked if small business owners can use an eftpos terminal of any description for their online store. He short answer is “no” but it is possible, just usually not cost effective. Unless you are dong volume on an online store, such as more than $15 000 per annum in sales, it is probably not worth while going too far outside of Paypal. Your next realistic option is an online payment gateway which costs money to establish and maintain on a monthly basis. This gives the customer more flexibility but will cost you fees with every transaction. A credit card terminal works in a similar way but only from the merchants end so it is inconvenient to customers. While they are in the mod you want to get them clicking at their end to complete the payment.