FinTech companies are fiercely competing to develop the next big thing among payments solutions. Having a secure banking method with authorized financial institutions and even the government backing it up sounds great. If we add it is 100% localized, designed to meet the local clients’ needs, we get the winner. And if we say that this payment solution was developed back in 2001, the story becomes even more interesting.
eps-Überweisung or Electronic Payment Standard, known simply as EPS, is an alternative payment solution developed as a joint venture between STUZZA, the major Austrian banks, and the Austrian Government.
EPS is a digital payment system that processes online transactions for millions of clients from Austria using secure online banking platforms from participating banks. This is one of the safest methods for Austrian citizens to purchase online. It facilitates secure online transactions, fast settlements, and, most importantly, the vast majority of Austrian banks support it.
Although this is a country-specific payment solution, in 2014, the German Giropay and eps-Überweisung were connected through a single interface. In this way, EPS became compatible with this German payment system, allowing users to pay at online shops in Germany wherever they see the EPS/Giropay logo. At the same time, this merge allowed clients from Germany to make payments at Austrian web-shops.
As an online banking method with the highest security standards and support from the country’s most reputable financial institutions, many online casinos quickly recognized this payment method’s full potential, adding it to their banking page.
If you are an online casino player from Austria, you don’t need to look any further when you see EPS on the casino’s banking page. The majority of gamers already have a bank account at some of the Austrian banks that support EPS. Even though the service is limited to Austrian gamers, plenty of good online casinos offer this banking method. Casino Bloke is here to help by providing our selection of the best EPS online casinos.
Min deposit $20. 50x wagering for deposit bonus. Max bet with active bonus $5. Max winnings resulting from the use of free spins $50. Bonus not available to BTC, BCH, DOGE, LTC players. Free spins added after a successful deposit and 1x wagering is met. Free spins winnings subject to 50x wagering.
Only New players depositing for the first time with Mr Green are eligible for the Casino Deposit Bonus. The Casino Bonus is a first deposit match bonus and will be credited only once the first deposit has been made with Mr Green AND the Casino bonus has been selected. The deposit bonus must be wagered a total of x35 on slots in the casino before it can be withdrawn, in accordance with Mr Green bonus terms and conditions. Minimum deposit of £20 is required to claim the Casino deposit bonus. Maximum bonus that can be claimed is £100.
Free spins may not be available in all countries and are automatically credited to players residing in eligible countries upon registration. Registration Free Spins and/or bonuses have a maximum cash-out of $100.00. To receive Free Spins & Match Bonus deposit offers, players must deposit a minimum of $25.00 and select "with bonus" during the funding process. Bonus Terms & website Terms & Conditions apply.
You may claim only one (1) bonus per promotional offer. Your account must be less than $/€ 5.00 before claiming another bonus and may not have a pending withdrawal. Unless stated otherwise within a promotional offer, welcome bonuses are subject to a minimum wagering requirement of 25X (Bonus + Deposit) amount before you are granted the right to withdraw, play on restricted games or elevating your wagering. Bonus credits are for wagering purposes only and will be deducted upon withdrawal. A maximum wager of $/€ 6 per slot machine spin is enforced until you meet the wagering requirements stated herein or specific to the bonus which you have claimed. Winnings gained with wagers of more than $/€ 6 per slot spin will be voided. The Casino reserves the right to withhold any winnings or bonus amounts from a player's withdrawal if ANY restricted games are wagered upon before the wagering requirement(s) is completed in full and/or for breaching any of the terms of this bonus.
First Deposit Only. Min. deposit: €10, max. Bonus €100. Game: Book of Dead, Spin Value: €0.1. Max bet is 10% (min €0.10) of the free spin winnings and bonus amount or €5 (lowest amount applies). Spins must be used and/or Bonus must be claimed before using deposited funds. Deposit/Welcome Bonus can only be claimed once every 72 hours across all Casinos. This offer is only available for specific players that have been selected by LuckyVegas. If you have arrived on this page not via the designated offer via LuckyVegas you will not be eligible for the offer. Bonus Policy applies.
80 / 100
Rates, Fees & Cost – Setup cost and transaction fees
Security – Level of safety and security measures
Availability – Number of serviced countries
Reputation – Overall feedback among players and consumers
Customer Support – Quality of assistance and speed of response
The EPS (eps-Überweisung ) was developed in 2001 by the STUZZA (Association for Cooperation in Payment Transfers) in collaboration with the most reputable Austrian banks. Some of the banks that support EPS are Bank Austria, Erste Bank und Sparkasse, Raiffeisen Bank, Volksbank, etc.
This project was overseen by the Ministry of Finance and the Austrian Government. The aim was to ensure that the entire process was regulated on all levels. As a result, EPS is subject to federal regulation by the Austrian Government.
EPS is a simple, safe, and easy-to-use digital payment processor that helps people make secure online purchases over the Internet. More than 1,000 online merchants accept payments with EPS, and what’s more, EPS is the official payment method for e-Government for paying taxes to authorities institutions in Austria.
eps-Überweisung is a straightforward internet banking service and local payment method offered by the Austrian banks who wanted to facilitate online transactions. This digital payment solution doesn’t require any account registration as payments are made directly from your bank’s online portal. You only need to have an account at one of the banks that support EPS. Hence, EPS is merely a link between your bank account and merchant, thus protecting your sensitive financial and private data.
By using EPS, you make payments within a secure online banking environment provided by your bank. No sensitive data and credentials are shared with a merchant or any other third-party. Just like other online payment gateways, EPS uses the security measures applied by your bank. This ensures maximum protection of the information and hacker-safe financial transactions.
In 2014, eps-Überweisung and Giropay from Germany made the two payment solutions interoperable, allowing clients from Germany to use this system if the local German bank supports Giropay.
Today, EPS is among the most popular digital payment methods in Austria, with more than 2.5 million users and over 80% of the Austrian merchants accepting online transactions with EPS.
The process of depositing funds at an online casino is straightforward. Visit the casino’s banking/deposit page and search for EPS. When you select it as a preferred payment method, you will see a list of all Austrian banks that support this system. Just choose your bank from the list and enter the amount you wish to deposit.
You’ll be redirected to your online banking login page and familiar online banking platform you’ve been using regularly. Log in with already existing bank credentials and confirm the payment with a TAN number you will receive on your mobile phone. As a result, all transactions are processed within your online banking platform’s secure environment, meaning that no third party is involved or could obtain bank-specific information.
The main downside of EPS is that not all online casinos allow EPS as a withdrawal method. In most cases, EPS only supports deposits. If this is the case, you will have to select an alternative withdrawal solution. Hence, if you intend to use EPS to make deposits, we advise you first to visit the casino’s payment page to see if EPS is listed within withdrawal methods. If not, then check which alternatives are at your disposal.
If the casino allows cashing out with EPS, the process of withdrawing the funds is similar to making a deposit. The only difference is that you won’t need to enter a confirmation TAN number.
Deposits with EPS are instant. You will see the funds in your casino accounts in a matter of seconds. Furthermore, one of the benefits of using EPS is that it doesn’t charge users any deposit fees.
However, pay attention that online casino or the bank itself may impose some costs, so you need to confirm this with your local bank and check all the information regarding deposits and withdrawals at the online casino of your choice.
As for withdrawals, if the casino allows cashing out with EPS, these transactions are also processed fast. However, if EPS is not within withdrawal methods and you must pick an alternative way to cash out the winnings, additional fees may apply.
As an intermediary service that connects your bank with online casinos, if you have any questions regarding the service, the most convenient way is to contact your local EPS-connected bank. However, you can also contact EPS via the Support page on the official website by sending an online form. The page also provides an FAQ section, but if you can’t find the answer to your question, you can also visit the STUZZA website and go to the Contact page. They offer an online form, but you can find contact details at the bottom of the page: phone number ( +43/1/505 32 80) and email [email protected]
EPS is a convenient and secure online payment method supported by Austrian banks. All transactions take place in a trusted online banking ecosystem of your bank. The mere fact that the Austrian Government is one of the main initiators of creating this secure internet banking solution is an exceptional recommendation to make payments with EPS.
This is the number 1 payment method in Austria because it is user-friendly, easy to use, and extremely safe. No account registration is required, meaning you don’t need to remember one more password. You only need a valid bank account at one of the banks that support EPS.
EPS is simply an intermediary between your bank and the online casino, so all your sensitive financial or personal data are kept safe.
You pay from your online banking portal using the familiar login credentials, so you don’t need to enter any card numbers, CVC codes, bank account, or personal details. Furthermore, payments are processed in real-time, so you can head straight to the casino’s games lobby to have fun.
And finally, all transactions are encrypted with SSL-encryption, and the system uses MD5-fingerprint protection to prevent unauthorized third parties from accessing your data.
You can use EPS to deposit funds in your online casino account, but not all casinos support withdrawals the same way. To be sure if you can cash out the winning with EPS, visit the casino's banking page. If this payment option is not on the withdrawal methods list, you'll have to pick a different solution.
The service itself doesn't charge fees for payments with EPS. However, be aware that the local bank or the online casino may have additional fees, so ask your bank to find out more and check out the casino's banking page.
Yes. EPS is a secure online banking solution that facilitates transactions through a trusted online banking system. EPS is a middleman between your bank and the online casino, so all payments are made from your bank utilizing state-of-the-art security and anti-fraud measures. None of your financial and personal data is shared with a third party. Furthermore, all transactions processed via EPS are fully encrypted.
EPS is specifically designed for the Austrian market, so players with an Austrian bank account can use it. However, in 2014, EPS was connected to the German Giropay, who both use the same interface. So there is a good chance that gamers from Germany can also use this system if the local German bank supports Giropay.
STUZZA ("Studiengesellschaft für Zusammenarbeit im Zahlungsverkehr") or Association for Cooperation in Payment Transfer, is a company established in 1991 as a joint venture of Austrian banks. The main goal of this development center was to reduce transaction costs and improve the quality of financial services for the clients.