Unsurprisingly, with consumers avoiding debt, Credit Card usage has dropped in favour of Debit Cards – report by Reserve Bank of Australia.
The bad news is that Debit Cards aren’t quite as flexible as Credit Cards, for instance, with over-the-phone ordering. The good news is that EFTPOS bank fees are much lower than for credit cards.
As customers move to replace cash with Debit Cards, the need for one of those pesky EFTPOS machines at every stall is even more obvious. If you don’t already have one, we suggest you check out the various major banks. You don’t have to use your own bank. If you do have an EFTPOS machine we suggest you promote the fact with signs around your stall. This is all about providing service to customers.
