EPS is short for ‘e-Payments Standard’ and is an Austrian (Vienna) based online money transactions providing service, developed by STUZZA (an electronic payment technology developing company) in cooperation with several Austrian banks and the Austrian government. In 2013 EPS payments were accepted by 80% of the Austrian web shops and it is the official payment method for Austrian eGovernment. More than 25 Austrian banks are participating in EPS and allow their clients with an internet banking account to use the service for online payments. Learn everything about the EPS online banking option on this page.
Type of payment: Internet banking
EPS, as many other money transfer services, offers a platform for about 2,5 million Austrian customers with an internet bank account at one of the 25 Austrian banks that are connected to the system, from which they can make online payments with their own internet banking account. The service is therefore only available for Austrian citizens.
An EPS payment is made by carrying out the following procedure:
Payments made with EPS are completely free of service fees, irrevocable and the paid amount is immediately visible on the account of the recipient and instantly deducted from the bank account balance of the payer. As EPS acts as an intermediary service between the payer and the receiving party it shields personal and financial data about the payer from the recipient. At absolutely no point in the EPS payment procedure any confidential information is disclosed to third parties.
Resuming we can conclude EPS payments are free, safe, instant, anonymous and no registration for the service is required to be able to use it.
To make a deposit on a casino account by using EPS the same steps are followed as described above. The depositor needs to opt for EPS, then choose his or her own bank, login on the account and carry out the specific money transfer procedure, check and confirm the payment and the transaction is instantly completed by EPS with the deposited amount immediately on your account.
Unfortunately it is not possible to use EPS to withdraw money from the casino account. To cash out funds an alternative banking option needs to be chosen.
The main advantages of using EPS as the preferred online casino payment method are:
The principal disadvantages of EPS as an online banking option are:
Of course those online casinos that cater the Austrian iGaming market will offer EPS as an accepted deposit option on their cashier page. To see which Netent Casinos allow their players to deposit with EPS you can have a look on the side-bar of this page.
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