AUSTRIAN ONLINE BANK PAYMENT
The eps online transfer is a secure payment
method that is offered by the Austrian banks. It
allows account holders to easily and quickly
pay for purchases using their own trusted
online banking service. 80% of merchants in
Austria accept eps online payment. The bank
transfer is made at the initiative of the
consumer, and the payment is "pushed" to the
bank account of the merchant.
By accepting eps as an online payment
method, you get access to more than 3
million Austrian online banking customers. The
eps system is supported by all
the major Austrian banks and is free of charge
to consumers, who do not have to register
separately as they are automatically enrolled
through their bank.
When a consumer is initiating an online payment with eps, they simply select their own bank and they are then redirected from the merchant’s website to the secure login page of their financial institution.
By offering eps as an additional payment method, merchants can increase their sales, as credit cards are not needed. Payments via eps are in real-time and cannot be canceled or reversed. Therefore, merchants are also guaranteed payment from the purchase.
The eps transactions are in Euros, but they are conveniently and automatically exchanged to our merchant’s preferred own currency. Local native language customer support is included via phone and email. Alternative Payments provides the eps service complete with access to secure admin pages and detailed reports, and the eps payment option is easily integrated into a merchants website together with our other alternative and traditional payment options.
Upon purchase, the consumer logs into their own online bank and authorizes the payment. The funds are then directly debited from their bank account in real-time and the merchant will receive an immediate payment confirmation.