eps (electronic payment standard) was created in 2001 and has a reach of 2.5 million Austrian bank card/account holders. Bank account penetration in Austria is 97%, reflecting a highly developed banking infrastructure and customer education. Over 80% of the Austrian online merchants accept eps as a payment method in their web shop. The transactions are guaranteed, which means there is no risk of any reversal and/or chargebacks.
Transactions are processed in real-time, which means that merchants can process orders quickly. When customers initiate 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.
eps offers real-time notification of payment authorization and possibility of immediate shipping of goods.