The eps online transfer system 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 cancelled 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. 2000Charge 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 local payment methods.
Bank Transfer
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.
Austria
At checkout, the consumer selects EPS as their payment method.
The consumer chooses their bank for payment.
The consumer is redirected to their online banking site and logs in to confirm the transaction.
Payment confirmed.
eps (electronic payment standard) is an online banking payment method developed by Austrian banks and the government. It allows consumers to make secure, real-time bank transfers for online purchases without needing a credit card. Supported by over 80% of Austrian banks, eps is one of the most trusted and widely used payment methods in Austria. Payments are processed instantly, reducing fraud risks and chargebacks for merchants.
Integration is simple via API, Hosted Payment Page, Payment Widget.
Using eps with 2000Charge provides a seamless and secure payment experience for merchants and their Austrian customers. With instant payment confirmation, businesses can process orders faster while benefiting from a fraud-free, chargeback-free system. Since eps is supported by over 80% of Austrian banks, it ensures high accessibility and trust among consumers, leading to better conversion rates. 2000Charge makes integration simple, allowing merchants to expand into Austria effortlessly and accept euro transactions.
Austria
eps is specifically designed for the Austrian market and is primarily available for customers with Austrian bank accounts. While businesses outside Austria can integrate eps as a payment option, it is mainly used by Austrian consumers.
eps allows customers to make secure online payments directly from their Austrian bank accounts. When a customer selects eps at checkout, they choose their bank and are redirected to their online banking portal. After logging in, they review the payment details and authorize the transaction. The payment is processed instantly, and the merchant receives immediate confirmation, allowing for fast order fulfillment.
Since eps is based on direct bank transfers, it offers a secure, fraud-resistant, and chargeback-free payment experience for both consumers and merchants.
No, eps does not currently support recurring payments in the same way that other payment methods like credit cards or SEPA does. Since eps is a bank transfer payment method, each transaction must be individually authorized by the customer through their online banking. Unlike credit cards or direct debit systems, eps does not allow automatic withdrawals from the customers bank account, making it best suited for one-time purchases rather than subscription-based services.
There are a lot more payment methods customers from all over the world feel more comfortable to use and trust much more than credit cards.