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EFTPOS NZ

Country: New Zealand (NZ)  |  Payment Rail: card_network

Card Market Adoption: 20%

EFTPOS is the foundational national debit card switch and payment processing network in New Zealand, featuring direct bank debit clearing widely used for retail POS and domestic digital transactions.

🔄 User Payment Flow

  1. User selects EFTPOS / Domestic Debit Card at checkout or physical terminal
  2. User inputs domestic bank card details or swipes/inserts card at POS
  3. User enters confidential 4-digit bank PIN or validates via 3DS
  4. Direct debit is authorized against cheque or savings bank account

⚙️ Characteristics & Settlement

Instant PaymentYES
Supports QRNO
Supports RecurringNO
Supports RefundYES

🛠️ Merchant Integration Steps

  • Merchant terminal or online gateway captures EFTPOS transaction
  • Transaction routes through national interbank switch
  • Settlement occurs directly between acquiring and issuing commercial banks
  • Merchant account is credited with zero or minimal debit interchange fee

🚀 Supported Payment Gateways & Acquirers (PSPs)

🔌 Adyen