This may not be a well-known or well used payment system for most British or European customers, but if you live in Bulgaria, it’s pretty crucial. The electronic payments company was founded in the year 2000, where it remains a fundamental role in the Bulgarian economy, enabling customers to make online payments for goods and services traded all over the world. It is headquartered in Sofia, the country’s capital.
The ePay service effectively provides and all-purpose payment method for Bulgarians, enabling them to do far more than just pay for goods and services online. The service acts as a payment link between the customer and a vast array of merchants and utility providers.
Traders and service providers, including local administration and Government organisations sign up for the payment service. ePay in turn have signed agreements with all the country’s major banks and financial organisations in order to be able to accept the vast majority of Bulgarians’ preferred methods of payment. Major international credit and charge cards are also accepted, such as Visa and MasterCard, American Express and Diners Club.
Customers can use their bank accounts or credit cards to make payments online, but also to pay utility bills, charges for local services (a bit like Council tax in the United Kingdom) and even to pay traffic and parking fines.
A small commission or fee is charged for each payment, dependent upon the payment method used by the customer and the type of transaction.
This is not a payment method that many United Kingdom based customers are likely to use, unless you happen to have some Eastern European connections. On the other hand, Bulgaria’s superb countryside and great value means that it is becoming increasingly popular as a tourist destination. Cheap flights and bargain accommodation rates mean that it is an attractive destination for sun-seekers on the Black sea, or winter sports enthusiasts wanting to avoid the expensive glitz of the Swiss slopes.
So if you are paying a visit to our south east European cousins, you will almost certainly be taking advantage of the efficient service of this Bulgarian company. You may even require the services of ePay to fund a few entertaining spins or tickets at your favourite online bingo site or casino. So remember you read about it here first!
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