In businesses today we had a choice about what we can do, we could chose to do an FAQ's page or a crossword. I decide to do a FAQ's page to challenge myself more. just bellow is what i have written.
Do Eftpos machines need internet access ?
Eftpos transactions require internet access and may need access to a mobile phone network. Cash may be beneficial if you don't have access to the internet. There are different Eftpos technical support for each bank. EFTPOS payments are quick to process and provide an instant proof of payment for you and your customer, which can help avoid disputes. If you’re a business that prefers cash payments you could consider using EFTPOS for high-value payments or offsite transactions to avoid keeping too much cash on the premises or while on the go. Customers find EFTPOS convenient as it means they don't have to carry large amounts of cash to pay for goods and services.
What do I need to open a checking account ?
When you open your account, you need to make sure you have a government-issued ID ( which can be things like Driver's license, Passport ect.) to prove your identity. You’ll also need your Social Security number or individual taxpayer identification number, along with something that has your address on it, such as a utility or cable bill. Providing proof of address helps banks, governments and other organisations prevent fraud by verifying the identity of citizens. When it comes to banking, these measures are important in keeping your money and identity safe.
Why Do I Still Need a Pin ?
Not every shop will allow you to or have a contact less payment option. There are also limits on how much you can spend without entering a pin. So there are still going to be times when you’re going to have to make payments by swiping or inserting your card into the terminal, then using your PIN. There is a $200 limit you can spend in New Zealand without using your pin number. If you total is over the limit you will need to type in your pin
How do I know if a shop accepts contact less payments?
The screen on the EFTPOS terminal will tell you with words like ‘present card’ as opposed to swipe/insert card. You might also notice the contactless symbol on the terminal screen. Some shops/ companies have a sign or sticker out the front stating they have paywave.
Can having a card that can do contactless payments be dangerous ?
No, To understand why contactless payments are secure, it helps to know a bit about how they work. First and foremost, your card never leaves your hand, giving you full control during payment. The signals sent between your card and the terminal where you tap your card only travel very short distances making it extremely difficult for anyone to intercept.
But if you lose your card it is easy for whoever finds it to spend your money as long as it's under the limit therefore if you lose your card it would be best to lock it as soon as possible to stop others getting a hold of your money.
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