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EPS in Austria:Service for 2 million customers

Sep 12, 2016

The Electronic Payment System (EPS) is an online bank transfer payment option in Austria. In Austria,over 2.5 million customers who have bank accounts can use EPS to pay for goods.This online bank transfer payment process involves several local banks,such as Bank Austria Creditanstalt, BAWAG P.S.K. Group, Erste Bank and Sparkassen, Raiffeisen Banking Group, Volksbanken and Hypothekenbanken.

The online transfer procedure was launched in 2001 by STUZZA in cooperation with the Ministry of Finance, Austrian banks and the Central Information Office of the Austrian Government.With EPS,customers can pay for their online purchases directly from their bank account and make the transactions immediately.In Austria,over 80 percent of online stores already use EPS as their payment method.

According to the research,in Austria,approximately 44.3% of all online purchases are made with online bank transfer.EPS facilitates online transfers by directing users to the website of their online bank account, where they make the transaction. The user connects to the ggvaccount and authorizes the purchase with a transaction identification number.

Given the great popularity of online bank transfers in Austria, local and international companies can easily increase their profits through EPS.You can protect yourself against chargebacks or cancellations while improving usability. Thanks to these characteristics, the integration of local and international EPS companies in Austria allows us to stand out from the competition and quickly gain market share in the country.

About Paymentship

Paymentship is a financial technology platform.Paymentship partners with global payments processing companies to provide online billing solution with over 120 payment methods which include ewallets, mobile and land-line payments, prepaid cards, payment kiosks, debit cards, bank transfers and more. All of these payment options will allow you to monetize users from all over the world whether you are selling virtual goods in a game or provide online services.

We are the leading global payments platform. We solve payment problems of large scale companies with technology and we enable payments for end-users all over the world. We help over 200,000 merchants.

Through our offices in San Francisco, Las Vegas, Berlin, Amsterdam, Kiev, Moscow, Manila, Hanoi, Seoul, Poznan, Lisbon, Sofia and London, Paymentship provides its merchants and their end-users support in over 30 languages. Paymentship's call centers, risk and fraud prevention divisions, and merchant support teams work 24/7, 365 days a year to assist you.