EPS is an Austrian electronic payment service which enables its users to make online payments without the need to disclose their personal financial information during the transaction.
The full name of the service is eps-Überweisung. Not only can Austrian consumers make online payments using eps, but it is also used by the Austrian Government as an official payment method for online Government transactions.
The service works in a similar way to several other alternative e-payment methods. The customer chooses the eps option at the online checkout. They are then re-directed automatically to their own online bank, where they log in using their usual online banking credentials. After successfully logging in, the customer then authorises payment. This payment is then made directly from the customer’s chosen account.
This service is exceptionally secure because all the financial information is exchanged only within the highly secure environment of your usual online bank. No financial information or password data is exchanged with the online merchant or vendor at all. Payment is made swiftly and securely in seconds. There are no charges or fees to the consumer. Instead, the merchant or vendor is charged when accepting your payment.
The service is becoming very popular with Austrian consumers, who find it quick, simple and convenient. There is no need to sign up with eps in advance. Customers simply need to choose their own bank when first using the service. Payments can also be made internationally, so it really is a very practical way for customers to make online payments.
All the major Austrian banks have signed up for the service, as have all German banks that support the country’s official giropay service. This means that eps is available to German consumers too.
Online casinos have noted the popularity of this payment method, so it is becoming more widely available on many of today’s most popular sites. With its fee free, confidential international payments, eps is an ideal way for Austrians to pay for their play on their favoured casino.