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EFTPOS -Frequently Asked Questions (FAQs)

Welcome to the Frequently Asked Questions page. Here you will find answers to the most commonly asked questions.

- What are the terms and conditions? - These need to anchor to the below
- How will Bartercard EFTPOS impact on our members?
- What banks are involved with the EFTPOS program?
- Are all EFTPOS terminals going to be able to process Bartercard EFTPOS transactions?
- What if I don’t use EFTPOS normally? Can I still use my Authorisation Slips and Multiple Trading Vouchers?
- When will any funds from transactions performed on EFTPOS be available?
- How much will a Bartercard EFTPOS transaction cost a member?
- Can you find out what I have purchased through EFTPOS if I forget what I have bought?
- Will Floor Limits still be honoured with EFTPOS transactions?
- Who do we contact if we have a problem with EFTPOS?
- How do I get approval to get onto Bartercard EFTPOS?
- What if I am not approved by the bank for EFTPOS?
- What if I have an EFTPOS terminal already with one of the non-conforming banks?
- What if I don’t know my terminal number?
- Can I perform a transaction with a card from an overseas member on my EFTPOS terminal?
- How do I get Bartercard EFTPOS?


Q: What are the Terms and Conditions?


A:

If you have any questions, then please contact Bartercard National Office on 09 414 6621.


Q: How will Bartercard EFTPOS impact on our members?


A: Members who facilitate EFTPOS to process their Bartercard transactions will benefit through increased security - the possibility of providing goods or services to a purchaser who is not a valid cardholder or providing goods or services to a purchaser who is in possession of a lost or stolen card will be greatly reduced.  

Members who make sales through Bartercard enabled EFTPOS terminals will have the added benefit of having the funds cleared in their account almost immediately for their use. There will no longer be a need to complete the paper vouchers and wait for these to be processed - they simply need to swipe the card through their EFTPOS machine, and the funds are theirs.
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Q: What banks are involved with the EFTPOS program?

 
A: Back to the top of the page Top


Q: Are all EFTPOS terminals going to be able to process Bartercard EFTPOS transactions?


A:

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Q: What if I don't use EFTPOS normally? Can I still use my Authorisation Slips and Multiple Trading Vouchers?


A: Some members will not be able to use EFTPOS for a variety of reasons. For example, an EFTPOS machine may not be cost effective for the member.

Where a member cannot use EFTPOS, then using Authorisation Slips and Multiple Trading Vouchers is acceptable.   
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Q: When will any funds from transactions performed on EFTPOS be available?


A: Members who utilise Bartercard EFTPOS facilities will be provided with confirmation immediately through their terminal, the same as they would in the cash economy when customers come to them and utilise their cash banking account (keycards/cash cards).

Processed funds will be available for use and usually cleared in a member's account, within two hours of processing the transaction. This window is to allow for back-end automated processing through hosts, and connection to the appropriate data servers for uploading into the Bartercard Administration Application.

Once the transaction has been uploaded in our database, the member will be able to utilise those funds. 
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Q: How much will a Bartercard EFTPOS transaction cost a member?


A: Members who meet the criteria to receive the Bartercard EFTPOS functionality will not be charged any additional service charges to facilitate Bartercard EFTPOS through their terminals. In fact, Bartercard pays the bank for the Bartercard transaction processing charges performed through the member's terminal.

Members will still have to pay the standard Bartercard administrations and processing fees that they would normally.
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Q: Can you find out what I have purchased through EFTPOS if I forget what I have bought?


A: As EFTPOS transactions are electronically processed transactions, Bartercard does not have any way to determine what was purchased from another member.

Customers will need to ensure that they keep their copy of the transaction slips provided to them once the purchase has been approved, to reconcile with their monthly statements.

Of course, Bartercard will be able to provide a trading name, or general information as to what a merchant does, however the specifics of the transaction itself will not be available to view as they are with a paper voucher transaction.

This is exactly the same process as using a credit card purchasing from a store - the bank does not record the particulars of the transaction, only the amount transacted, the parties involved and the date.
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Q: Will Floor Limits still be honoured with EFTPOS transactions?


A: Floor limits have been used to guarantee the funds to a selling member when a transaction was initiated, in the absence of an electronic funds transferring system.

With the introduction of EFTPOS, it is no longer necessary to rely on the floor limits of cards as processing is "live" and immediate.  Transactions will now be based on funds availability and active account status.
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Q: Who do I contact if I have a problem with EFTPOS?


A:

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Q: How do I get approval to get onto Bartercard EFTPOS?


A:
 
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Q: What if I am not approved by the bank for EFTPOS?


A:
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Q: What if I have an EFTPOS terminal already with one of the non-conforming banks?


A: 
 
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Q: What if I don't know my terminal number?


A: Contact the bank supplying the terminal to you and they will be able to provide you with the terminal number.
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Q: Can I perform a transaction with a card from an overseas member on my EFTPOS terminal?


A: Unfortunately at this stage you cannot. However, Bartercard is looking to resolve this within the next 12 months.
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Q: How do I get Bartercard EFTPOS?


A:
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National Bank Westpac St George Commonwealth Bank


For more information on how Bartercard can benefit your business, please contact Bartercard today on
0508 BARTER (0508 227837)  or Click Here to enquire about joining.
 
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