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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/Dispute

Maximum payment amount

Unlimited

Refund period

365 days

User experience

The following screenshots show the user experience of paying with EPS:

image

Figure 1. Payment process with EPS