What is it?
The Austrian e-commerce market is governed by Alternative Payment Methods, with bank transfer as the most commonly used payment method. EPS holds the position of most popular bank transfer payment method in Austria. Customers like to use the payment method, because it’s an initiative of the Austrian banks and Government.
How does it work?
The customer selects their bank from the list of participating banks.
After selecting the bank, the customer logs in to the online banking environment.
In the online banking environment the customer reviews the prefilled payment details.
If all the information is correct the customer authorizes the payment.
After the authorization the customer will receive a confirmation and the product will be send.