EPS, a digital payment method, was created by the Austrian Study Society for Cooperation in Payment Transactions in 2001. It was developed due to security concerns when sending and receiving money online. EPS quickly became popular among casino players and merged with German payment provider Giropay in 2014, resulting in Austrian eCommerce stores expanding to the German market. EPS is now the primary payment method for tax-related purposes in Austria, making online bureaucracy easier for its users.
EPS targets the Austrian market and is used by over 80% of the country’s eCommerce stores and online casinos. All Austrian banks support EPS since STUZZA comprises all of them. EPS also expanded to the German market through its merger with Giropay. EPS only supports the Euro currency. With the legalization of online gambling in Germany in 2021, EPS may leverage its relationship with Giropay for more opportunities.
A Convenient and Secure Way to Use EPS Payment Method: A Step-by-Step Guide
Setting up an EPS account is a breeze, and it’s unlike any other payment platform out there. Here’s how you can use EPS to make transactions without the hassle of creating an account.
- No Account Required
That’s right, you don’t need to create an account to use EPS. Unlike other payment platforms that require you to create a unique username and password, EPS simplifies the process by using the same credentials you use for eBanking.
- What You Need
To get started with EPS, select it as your payment method and provide your eBanking username, password, and any additional details your bank may require. If you’re unsure about what’s needed, contact your bank’s customer support for clarification.
- Prioritizing Security
EPS prioritizes your security and invests heavily in security measures to ensure your transactions are protected. Even without an account, EPS ensures that every transaction is safe and secure by sending you a unique code via text message that you must enter to complete your transfer.
EPS provides a simple and smooth payment method while maintaining the highest level of security, making it a top choice for online transactions.
EPS Deposits in Online Casinos: A User-Friendly Guide
EPS makes depositing money into an online casino account a seamless process. Here’s how you can use EPS to make a deposit in a few easy steps:
- Log in to your preferred EPS online casino and head to the banking section, which may also be labeled as Cashier, Deposit, or Account Balance.
- Click on the Deposit option and select EPS from the list of available payment methods.
- Choose your bank from the drop-down menu, and you’ll be redirected to your bank’s website to log in to your eBanking account.
- Enter the amount you want to deposit and confirm the transfer.
- You will receive a transfer authentication number (TAN) via SMS, which you need to enter to complete the transaction.
Although EPS provides a straightforward process for depositing money into an online casino account, it doesn’t support withdrawals. This is a limitation of the platform, as payment gateways only work for online casino deposits. However, you can choose from other banking methods available at Austrian online casinos to withdraw your winnings safely and securely.
Overall, EPS provides a user-friendly payment option for online casino deposits, and its emphasis on security and convenience makes it a preferred choice for many users.
Comprehensive Examination of Transaction Charges
EPS doesn’t charge any fees. Instead, the STUZZA fee is deducted from each transaction made by EPS-enabled casinos. This is how EPS sustains itself, and we think it’s a practical and sustainable business approach.
All too frequently, exceptional payment methods don’t succeed because they become too greedy with their charges. Depositing funds via EPS may prove to be a viable long-term investment, especially if you’re a high-stakes player. Consider how much money you can save by depositing funds without incurring any additional expenses. However, it’s worth noting that your bank may impose charges, so using EPS may not be completely free of charge.
Timeframes for EPS Payments at Online Casinos
EPS is highly respected in Austria for its commitment to quick payment settlements, which is one of its main selling points. Once you complete the deposit confirmation process, the casino will be immediately notified of the successful transfer. Consequently, your account will be credited with the funds in approximately a minute. This is in contrast to other payment methods, such as bank transfers or credit card deposits, which may take up to two days to process.
Rapid deposits are always appreciated, and EPS fulfills another essential requirement. Other payment providers can learn from this! It is not about the fancy features or marketing gimmicks. In most cases, providing excellent service to your customers is the foundation for a successful business.
Limits on Adding and Withdrawing Funds
The research on top EPS casinos has revealed a wide range of deposit limits. Although Austria is not known for catering to high-stakes players, some online casinos do offer the option to add up to €10,000 to your account. However, this is still uncommon.
On the other hand, the majority of casinos require a minimum deposit of €10. Thus, you should not have difficulty finding a casino that fits your financial situation.
Advantages of Using EPS as an Online Casino Payment Method:
- Speedy transactions
- Safe and secure transactions
- Convenient use
- Supported customer service
- No deposit fees
Disadvantages of Using EPS as an Online Casino Payment Method:
- Country restrictions
- Limited availability for withdrawals
- Sharing of banking details may be seen as a potential security threat.
EPS Casino Bonuses
As EPS is the preferred payment method for most Austrians, it’s no surprise that casinos are seeking to leverage its popularity. While there are many bonuses available, they are not all created equal. We have reviewed promotions from all of the best EPS online casinos and evaluated them based on factors such as attractiveness, fairness, wagering requirements, and more. The list below represents our findings of the best deals available. All bonuses on the list have passed our tests, so you can expect an increase in the potential value of your gaming experience.
EPS Security Measures
EPS ensures the privacy of your information by never disclosing it to third parties, and sensitive data is not transmitted to merchants or online casinos. They use advanced encryption to securely transfer your data between the bank and the casino, ensuring its safety at all times.
Moreover, they have implemented additional security checks and monitor transactions to safeguard you against fraudulent activities. In addition, EPS has robust security protocols and procedures in place to provide an extra layer of protection for every transaction.