Electronic Payment Services, or EPS, is an electronic payment method for online casinos and a number of web shops in Austria. It is one of the most popular payment methods in Austria given its superb security features and instant deposit processing. We list the best online EPS casinos below along with current bonus offers.
The launch of EPS in 2001 was the result of a collaboration between the Austrian Government and major domestic banks. The goal was to develop an online payment platform that would enable web-based payments regardless of the banks’ official opening hours.
With over 2.5 million customers since its inception, this is one of the most popular payment methods for online casino players in Austria. If you have a bank account, you do not need complex account opening procedures since EPS acts as a bridge between merchant stores, or online casinos, and your bank account. All you need to ensure is that your casino and bank both support EPS transactions.
The world of iGaming is witnessing cut-throat competition on a global scale. To attract casino players to their sites, casinos offer a range of different bonuses.
From no deposit to deposit offers and even high roller bonuses, these promotions are in abundance in form of free spins, chips or cash. This is where payment options like EPS come in, especially where deposit bonuses are concerned. Find out from your preferred EPS casino whether this method can be used to claim exclusive deposit bonuses on that platform.
EPS offers iGamers an opportunity to make quick and timely money transfers to their casinos of choice directly from their bank accounts. Transactions are instant and the method leverages the normally very solid security of the user’s bank to carry out a payment. Users don’t have to share their personal bank details with the casino.
- Safety: Players do not give out their personal banking information to the online casinos which means the money transfer process is secure.
- Fast and easy to use: EPS offers its clients a quick way to transfer money from their banks to their online casinos.
- Customer support: EPS customer support services are some of the best in the industry.
EPS is a great payment method that has been used for years and has a huge success rate in making payments. However, this method has its limitations. To use this method, a player must have an active bank account. Therefore, gamers without a bank account cannot use this payment method.
- It is only available to players with a bank account in a supported bank. This means that iGamers without a bank account cannot use this method.
- It is largely a domestic service provider with services provided solely to the Austrian market.
- Not all casinos support withdrawing with EPS
Huge fees are definitely a put off for iGamers when it comes to making payments. Therefore, most players will opt for payment methods with little to no fees at all. There are typically no fees when making a deposit using EPS, but check if your bank charges any setup or onging fees for giving you access to the service.
EPS is not a multi-currency platform and only supports EUR. It is only accepted in Austria, therefore, its transactions are processed in Euros only. Make sure that your casino accepts Euros as well, otherwise a currency exchange rate fee will be charged for your money transfers.
Creating an Account
What EPS does is to provide a networked system that enables you to issue payments from your regular bank account to an online casino or store. That being the case, EPS only requires players to open a bank account with at least one of the supported banks listed below.
Here are some of the banks that support EPS:
- RAIFFEISEN Bankengruppe
- Bank Austria Creditanstalt
- Bankhaus Carl Spangler & Co. AG
- BAWAG P.S.K GRUPPE
- Erste Bank und Sparkassen
- Hypo Alpe-Adria-Bank International AG
- HYPO Investmentbank AG
- Hypo Tirol Bank AG
- Niederosterreichische Landesbank-Hypothekenban
- Vorarlberger Landes-und Hypothekenbank AG
- Investkredit Bank AG
EPS uses your regular bank account, so there is no separate account that needs funding. As long as you have money in your regular account, for example the account you get your salary paid to, you are good to go. All that is required is that your account is with one of the banks that support EPS (listed above).
Before depositing with EPS, check whether your chosen casino accept EPS deposits (see list above). Next, highlight EPS as your deposit method. Key in your personal details and authorise the payment from your bank account.
- Visit your preferred casino’s site
- Choose EPS as your deposit method
- Enter the amount to deposit (and any bonus code you might have)
- You will be redirected to a menu of supported banks
- Select your bank and login to your online banking account
- Authorise the payment
- The funds will immediately appear in your casino account
Something that makes EPS a favourite among Austrian gaming fans is the fact that this payment method supports withdrawals as well (however, not all casinos support it). Simply visit your casino’s accounts section and specify the amount to withdraw. Funds from the casino will be sent to your linked bank account.
- Visit the casino’s accounts section and select EPS as the withdrawal method
- Specify your preferred withdrawal amount and confirm the transaction
EPS understands the security problems that are faced by online payment systems. Having this in mind, the developers of this platform designed a near-perfect payment network that protects your information. All transactions are encrypted by the use of SSL encryption and MD5 “fingerprints”, that hinders unauthorised third parties from accessing your data. Once your account has been logged into and a transaction issued, you will receive a text message. In case you haven’t initiated the transaction in question, contact your bank immediately.
If you need support related to an EPS transaction, you should contact your EPS-connected bank or the casino to which you were trying to send money. As EPS is just a mediator between your bank and the casino, there is usually no need for support outside of what the bank and casino can provide.
Unlike some other online payment methods, usually more expensive ones, EPS does not have a VIP Program or any kind of user rewards. However, depending on your bank, you might have access to various executive banking options or rewards.
EPS is a hugely popular online banking method that has been operational since 2001 and is widely available to Austrian casino players. With the embrace of online payments spreading at a faster rate across the whole world, EPS is set to cast its net wider. Also, the transactions are denominated in EUR, a currency that is highly accepted across Austrian online casinos. The number of casinos that accept EPS is also on the rise, so it’s increasingly a convenient method for iGamers and online shoppers alike.