eps Transfer

eps transfer is a secure online payment method created through cooperation between Austrian banks to enable secure and fast purchases in online stores.

The e-payment standard (eps) provides a common technical interface for internet-based payment systems. The eps transfer enables all bank customers of the participating institutes to process their online payments in the usual and simple manner and the merchants a clear assignment of the business case.

eps for you as a Merchant

Every retailer who uses eps (electronic payment standard) as a payment method receives an immediate payment confirmation after the purchase is completed Payments are checked and confirmed immediately and irrevocably carried out – therefore merchants receive a real-time execution guarantee.

With the eps payment method, you can reach all internet banking customers whose banks and banking associations participate in this standard, thus opening up a high potential for buyers. For more than 2 years eps and giropay have also been directly connected to each other in order to also reach customers of the Deutsche Sparkasse, Raiffeisenbanken, Volksbanken and Postbank.

Through this merger, German customers can also pay securely and conveniently at webshops in Austria!

eps for your Customers

The customer fills the shopping cart, selects the eps transfer payment method and is then directed to a central bank selection list. After selecting the right bank, the amount due is immediately transferred from the account using a TAN or signature. Both the customer and the dealer immediately receive an electronic order confirmation and the process is complete.

The only requirement from the end customer is to have an account with one of the participating banks such as Bank Austria, BAWAG P.S.K., Erste Bank-Sparkassen, Hypobanken, Raiffeisenbanken, Spänglerbank and the Volksbanken.

How safe is eps?

The transfer mask in Internet banking is automatically filled with the data such as Recipient, amount and purpose of payment – thus errors, changes or other human error by the buyer are excluded and a clear allocation of the payment is guaranteed. The data exchange takes place exclusively via SSL encryption and MD5 fingerprinting, meeting the highest security standards.