EPS (electronic payment standard) is an online transfer system developed jointly by the Austrian banks and Government. It provides a simple and secure process of online payments to millions of users in Austria. Benefits include:
Shopper chooses EPS from the list of payment methods.
Shopper selects bank from the list of options.
Shopper is redirected to the bank environment and enters bank details.
Shopper confirms the payment.
Shopper reaches the confirmation page and is redirected back to the merchant's site.
Adyen offers a full-service EPS solution, including all reconciliation, reporting and settlement services. With Adyen, merchants have no need to enter into contracts with EPS acquiring banks.