Market coverage 1
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.