EPS

#Credit Transfer (SEPA)

EPS (Electronic Payment Standard) is a popular online payment method in Austria. This method allows consumers to pay directly from their online bank account without the need for a […]

Market coverage 1
  • Austria
Currencies 1
  • Euro
Description

EPS (Electronic Payment Standard) is a popular online payment method in Austria. This method allows consumers to pay directly from their online bank account without the need for a credit or debit card.

EPS is supported by most Austrian banks, which means a large number of consumers have access to this payment method. Merchants who accept EPS can offer their customers the option to pay in real-time using their online banking system, which can be more convenient for customers who do not have a credit card or prefer not to use their card online.

The payment process with EPS is straightforward. During the online checkout process, the customer selects EPS as the payment method and chooses their bank. They are then redirected to their online bank’s website, where they must authenticate and confirm the payment. The amount is debited directly from their bank account and transferred to the merchant’s account.

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Frequently Asked Questions

What are the best practices for managing cross-border payments?2023-04-18T18:56:57+02:00

NORBr is a payment orchestrator that connects you to all cross-border payment services providers that can help you manage your cross-border payments efficiently and securely, while also ensuring compliance with relevant regulations. NORBr offers advanced features like fraud detection, currency conversion, and real-time tracking and reporting, which can help you optimize your payment processing for cost efficiency and speed.

What are the risks associated with cross-border payments?2023-04-18T18:57:21+02:00

Cross-border payments can be associated with several risks for you, including currency fluctuation risk, regulatory risk, and fraud risk. Currency fluctuation risk refers to the potential impact of exchange rate fluctuations on the value of your payments. Regulatory risk relates to the complexity of complying with different regulations in different countries. Fraud risk refers to the potential for fraudulent activity, which can be more difficult to detect and prevent in cross-border transactions.

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