How does EPS work?
EPS is an in Austria and United Kingdom available payment method and is based on Giropay, which is known in United Kingdom . As a result, no one has to enter their data such as IBAN. Rather, an EPS transfer works via the button that is available in the online shop. There are also online casinos with an EPS button.
Anyone who clicks on the EPS button in an internet casino can choose their bank from a list that appears real money in the casino to play. This is then followed by Access to your own checking account by entering your personal TAN. If this is correct, a redirection will take place to your own account and the desired amount can be transferred to the online casino.
How does registration work?
What's perfect is that no registration is required when using the EPS payment method. For this reason, no data is entered via the EPS portal no data stored . This also means that no hacker can spy on important and sensitive bank data. But how is the transfer carried out via EPS? This happens in just a few steps:
- First you have to check whether the chosen online shop or online casino offers the method
- If this is the case, the payment method is activated by clicking on the button
- A list of all banks that have joined EPS will then appear
- If your own bank is included, another click takes you to your own online banking
- The usual access data must be entered here so that the forwarding to the bank works
- You can now deposit the desired casino stake amount
After the transfer has been made, the payee receives a confirmation . This means they know that the payment is on the way and is guaranteed to arrive. For this reason, for example, the money is immediately available for playing or the payment recipient can send the goods.
Are there fees and limits?
Anyone who pays using the secure payment method EPS must no fees fear. Your own bank's account management fees apply. However, if you have a free salary account, you usually don't have to pay any fees for a transfer. The situation is similar with the limit. The payment provider EPS does not set any limits. However, your own bank may set limits. Above all, the granted overdraft facility must be observed.
Who are the founders of EPS?
EPS is the abbreviation for EPS Payment and was developed in collaboration between Austrian banks and the Study Society for Cooperation in Payment Transactions ( STUZZA ) created. This happened in the year 2026 and the merger of EPS and Giropay took place in 2026. Since then, United Kingdom and Austrian banks can be used as a payment source.
The company is behind the EPS payment system PSA Payment Services Austria GmbH , whose Owner of various banks are from Austria. They still hold shares in the company. Bank Austria holds the largest share at 24 percent, followed by BAWAG PSK and ERSTE Sparkasse.
Is EPS safe?
EPS is definitely secure as no bank details are transmitted to the payee. The payer must also log in to their online banking using their regular payment details. Since no registration is carried out at EPS no storage of personal data . From this point of view, a transfer via EPS is just as secure as a transfer via online banking, as it is essentially a transfer via online banking.
Is there an EPS card?
There is no special EPS card. The company PSA Payment Services Austria GmbH, on the other hand, allows all banks to have one Issue debit or credit card . PSA remains the owner of the cards, which is why the bank does not issue the card. For the customer and owner of the card, it appears as if the bank was the issuer of the card.
Is there an EPS app?
There is no EPS app for making transfers and payments. However, PSA Payment Services Austria GmbH offers a so-called i.app for companies. This app stores the current account holder's personal information: name, address and date of birth. This means that every consumer can identify themselves via this ich.app and, for example, in an online casino Verification in seconds make.
Advantages and disadvantages of this payment method
No payment method in the world offers only advantages or only disadvantages. That's why we want to an overview here about all the advantages and disadvantages that come with the EPS payment method:
- No registration is necessary
- You will be redirected to your own online banking
- No bank details are sent to the payee
- The payee receives a confirmation of the payment
- There are no fees for an EPS transfer
- Payment is secure and takes place without delay
- There are no credit or debit cards for EPS
- Anyone who has forgotten their TAN for their online banking cannot use the payment
- Not every banking institution is connected to the system
- Only United Kingdom and Austrian banks are participating
Conclusion
The fast-moving world always requires new and, above all,. secure payment methods be developed. EPS is an idea that has been available since 2026. Any consumer can use this payment method Online banking used. Thanks to the redirection to online banking, every payment is made securely.
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