All payment methods

eps

New flow

The main bank transfer payment method in Austria is eps, developed jointly by Austrian banks and the government, enabling consumers to pay securely for online purchases using their own trusted online bank. With 83% of Austrians shopping cross border and bank transfer one of the preferred payment methods in Austria (PPRO Almanac), eps is a critical payment method in the DACH region. Every transaction is guaranteed by eps.

Recurring – New Flow
EPS Recurring enables merchants to collect subscription or recurring payments (monthly, yearly, etc.) through EPS with a single customer authorization. Once approved, future payments are processed automatically without requiring the customer to authenticate each billing cycle.

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Why eps

With 15-18% market share, eps is one of Austria’s most popular payment methods (PPRO Almanac). It is also the official payment method for the Austrian e-government.

According to eps, over 80% of online merchants in Austria accept it.

With eps and giropay interoperability, and no additional technical effort, Austrian merchants can also receive giropay payments from German customers.

Specifications

Coverage

Consumer Austria
Merchant Global

Currencies

Consumer EUR
Processing EUR
Settlement EUR

Features

Recurring payments
One-click payments
In-store/POS
Refunds
Partial refunds
Multiple partial refunds
Payment assurance
Chargeback risk

Payment flow

Initial Payment and Opt-in for SEPA DD mandate
First payment is authorized via EPS
User completes the payments on EPS and also establishes SEPA DD Mandate
Recurring charges are processed via SEPA
At online checkout, the consumer selects eps as their preferred payment method
The consumer redirects to a PPRO-hosted eps bank selector page, which displays a summary of the transaction amount and order number. Next, they select their preferred bank and click "continue".
The consumer redirects to their bank's online environment. Then, they sign in to their bank account using their account credentials + PIN.
After logging in, the transaction summary is automatically displayed for the consumer to review. Once the consumer has verified that all the details are correct, they click "continue".
The consumer authorises the transaction via Strong Customer Authentication, such as by requesting an SMS code and entering it on the bank's page. The exact SCA method may vary from bank to bank.
The transaction success is confirmed on the bank's page
The merchant is notified of the transaction status immediately afterwards

Want to integrate eps onto your platform?

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