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Electronic Funds Transfer (Why (Quicker to enter details than end by post,…
Electronic Funds Transfer
Why
Quicker to enter details than end by post
Faster as you don't wait for checks
Store
Disadvantages
Commisson
Expensive set up
Stolen cards used
Advantages
No wasted time with bounced checks
Immediate payments
Integrated payments
Faster delivery can be offered
Customer
Advantages
quicker than sending by post
other services offered
Phone top ups
Cashback
Variety of payment methods
vouchers and loyalty cards
Less physical security needed
Disadvantages