Point of sale transfers allows, the user to pay funds (transfer) from their account to the merchants account for retail purchases with an EFT (or debit) card. In some instances, this card also may be his ATM card. This is similar to using a credit card, but with one important exception: the money for the purchase is transferred immediately-or very shortly from his bank account to the store’s account. An increasing number of merchants are accepting this type of payment.