Over the past few decades, the world of consumer goods has seen a tectonic shift in the way people browse, shop, and pay for the goods and services they seek. “Window shopping” is hardly even a thing anymore.
Online stores have given consumers the benefit of not spending gas money to get a look at something they are interested in purchasing. But this shift applies to more than physical goods.
Big money attractions like casino gaming also saw an enormous shift to the online universe. It used to be that a player would have to pack their bags and head to a big gambling destination like Las Vegas or Atlantic City as a means to play their favorite casino games, but all of that has changed now.
As the internet evolved and more businesses created their online market, casinos followed suit, and soon a new gambling market was born. Needless to say, success was monumental.
The success of this new online industry spanned across the globe, and soon European countries were also in on the action. It was a lot easier for a European player to play and win a poker tournament in their home than it was to pack their bags and fly to Las Vegas.
But as online casinos exploded in popularity, so did the need for a reliable method of payment for players to fund their casino account. And in countries such as Austria, Electronic Payment Standard (EPS), was the payment players needed.
In this article, we will take a good look at EPS and how it benefits players, as well as the disadvantages it has. This will enable you to decide whether or not EPS is the right payment method for you.
As electronic payment processing revolutionized the way people purchased their goods, one company, STUZZA (Study Association for Payment Transactions), decided they would develop a payment processing option for its native country Austria. The platform created by STUZZA is called Electronic Payment Standard (EPS) and is one of the safest methods a person in Austria can use to purchase online.
One of the main reasons that make this payment method so popular with Austrians is that EPS was created by STUZZA in partnership with Austria’s major banks and overseen by the Austrian government, to ensure everything was justly regulated and on the level.
Due to its nature as an online payment method and it’s overall security and regulation, online casinos were quick to recognize its potential in offering it as a possible payment method for Austrian players. But it wasn’t just online casinos that adopted EPS, Other internet betting platforms such as sports betting, and even online bingo rooms have added EPS as a payment processor to their list of possible transaction methods.
EPS is exclusive to Austria, meaning in order to benefit from its services, a player must have an Austrian bank account with one of the 25 banks that are associated with it. The process of using EPS to deposit and withdraw to and from an online casino account is fast and easy.
In this article, we will provide you with all the relevant information you need to determine whether or not EPS is the right payment method for you.
EPS has many advantages that Austrian players can benefit from when using it as a payment method at their favorite online casino:
No payment method is without its flaws, and EPS is certainly no exception. We’ve listed the features that we consider to be disadvantages to using EPS:
The following is a step by step guide that an Austrian player can follow to use EPS as a payment method to deposit money into their online casino account:
1. Choose from the list of EPS casinos we have provided in this article and go to the cashier page of the website. Select EPS as your payment method to fund your account.
2. You will then be redirected to a page showing all the Austrian banks that provide EPS. Select your bank from that list.
3. Enter the amount of money you wish to deposit into your online casino account.
4. Confirm the transaction with a TAN number that you will receive to your mobile phone, and the deposit will transfer instantly to your online casino account. Now you’re ready to start playing and win!
The process of withdrawing your money from your online casino account is similar to the deposit process.
1. Go to the cashier page of the online casino you play with
2. Enter the amount of money you want to withdraw and select EPS as your preferred payment method.
3. You’ll be redirected to the same list of banks, choose the one you bank with.
4. Confirm the transaction and see the money appear in your account. Withdrawal does not involve a confirmation TAN number.
If you have an Austrian bank account and want a payment service with fast transfer times, EPS is probably your best choice. EPS allows players to instantly deposit funds into their online casino account and also instantly withdraw their money. This is a big bonus compared to other payment methods that can often delay withdrawals for up to 5 business days.
There are no fees when using EPS as it is a payment service provided by the bank and the intermediary between the player’s account and their casino account.
Online casino players who have an Austrian bank account will automatically have the benefit of using EPS. Players can find a detailed history of their casino deposits and withdrawals through their bank statements.
In virtually all banks, players can access that information at any time with online banking, and many modern banks also provide their clients with an online app for quick access to account information.
Remember, EPS does not store a player’s money. It simply helps facilitate the transfer of funds.
If a player has a question or issue with their EPS service, they are able to contact their home bank to speak with a customer service representative. Austrian banks have working hours that players can find on their respective websites.
However, customer service representatives should be available during different hours. This would vary from bank to bank, and the client should check to see what are the specific hours of operation.
The option for email is also available for less urgent matters. EPS and it’s partnering banks offer customer service in German (the official language of Austria), and English.
If the player finds that their bank is not able to help them with their issue regarding EPS, the player can try contacting STUZZA via the “Contact” tab of its website. STUZZA also offers customer service in German and English.
While many people from Europe travel to Las Vegas and other hot gambling destinations to experience everything these amazing cities have to offer, it’s not feasible for everyone all the time. Luckily, however, online casinos give players the chance to win big! Without having to pay for expensive flights and hotels.
As online casinos became more prevalent in countries like Austria, it became obvious that a payment method needed to be offered that could ensure players felt safe at all times while playing their favorite casino games at home.
In a world where personal data and financial information is a hot commodity for hackers, STUZZA rose to the occasion and worked hard to develop a breakthrough payment method that was exclusive to Austrian players and offered the security of bank-level internet protection. EPS gets 2 thumbs up from us as a trusted source that Austrian players can confide in.