EPS
Founded in 2005, EPS is a simple and secure online payment method established by mainstream banks in Austria. EPS is a new payment standard and has become the most popular online payment method locally.
When paying with EPS, users are redirected to the website of the bank that they choose, and then enter the payment information. After the payment, users are redirected to the merchant payment result page to check whether the payment is successful.
Properties
The properties of the EPS payment method are shown in the following table:
Payment type | Online banking | ||
Acquirer | AlipaySG, AlipayEU, AlipayUS | Acquiring region | SG, AU, HK, EU, US |
Payment flow | Redirect | Checkout Payment | ✔️ |
Buyer country/region | Austria | Auto Debit | ❌ |
Funds deduction | Real-time | Refund | ✔️ |
Processing currency | EUR | Partial refund | ✔️ |
Minimum payment amount | 1 EUR | Chargeback | ❌ |
Maximum payment amount | Unlimited | Refund period | 365 days |
User experience
The following screenshots show the user experience of paying with EPS:
Figure 1. Payment process with EPS