EPS, the Austrian instant banking payment option that was developed by the local government in collaboration with local banks back in 2001, is hands down the most popular casino payment in the region. EPS Uberweisung, as it is called in Austria, is offered by all banking institutions in the country. It also grants instant deposits to online casinos with no fees, coupled with high-security standards. It’s very easy to use, as you only need your internet banking credentials to deposit. Below, you will find a list of the best online casinos where EPS is accepted, along with a detailed guide on everything you need to know about the payment.
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EPS for casino payments: Which AT banks participate?
Basically, if you’re an Austrian citizen and have a bank account at any local financial institution you most likely have EPS as well. The system is very easy to integrate, and the vast majority of Austrians are using EPS for day to day purchases as well. Also, you should note that Euro is the only supported currency, and that’s natural since it only addresses Austrian customers. There are over 16 Austrian banks offering EPS online banking to their customers. The most popular of them are:
- Erste Bank
Do I need to create an account?
As mentioned earlier, one of the advantages of depositing with EPS at online casinos is that you won’t waste time with creating an account with a third party company (like in the case of ewallets or other payment options). All you need to use the EPS online banking payment is a bank account with an Austrian bank and the credentials to access the online banking service. If you have a bank account but no online banking credentials, you can contact your bank and ask for it as it’s a standard service nowadays.
Depositing & withdrawing with EPS Uberweisung on online casinos
It’s extremely easy to use EPS to top up your account on online casinos, and it really needs few instructions. All the steps are straightforward; however, we put together a step-by-step guide so that all our readers know just how smooth it is to use it.
- Log into your casino account and click on the deposit button.
- Choose the EPS payment option from the list ( note that sometimes it will be called just Online Bank Transfer or Uberweisung)
- Input the amount you wish to deposit
- Start typing your bank name and a list with all banks will be generated so you can choose yours.
- Choose your region and enter the login credentials to access online banking.
- Once you are logged in, confirm the payment, and the funds will be automatically added to your casino balance.
EPS can be used for depositing only, it does not support withdrawals. However, as a deposit option, it delivers outstanding services as all deposits are instant, and you can deposit as low as €10 and all the way to €5,000.
What fees apply to EPS transactions?
It’s hard to talk about any fees, since there are none. The payment option itself does not add any fees, and most of the casinos also do not have a tax for EPS transactions. If you want to make sure you’re depositing with absolutely zero fees, pick any of the casinos recommended by us on this page like 1xSlots, Energy, GoWild, or Zet Casino. On the other hand, if you come across a casino that charges fees on EPS payments, you might want to think twice about playing there.No Fees EPS Casinos
What if your casino doesn’t support the payment?
The chances of an online casino not providing the EPS payment method are slim to none, especially for casinos targeting AT players. However, just in case this happens, you have plenty of alternative payment options. We’re putting the payment up against its most serious competitors in the AT region, so you know what your options are, as well as the pros and cons of each one.
Also an instant banking payment option, Klarna is basically the German equivalent of EPS. It has the same operating mechanism with instant deposits, and it also does not come with any fees. One could say that Klarna is better represented at online casinos. However, the main difference between the two payment options is that Klarna can also be used for withdrawals.
Yet another online banking payment method that was designed for Scandinavian players, but its popularity allowed it to spread all across Europe. Deposits with Trustly are instant, with no extra fees, and all you need to do is choose your bank from and login, just like with EPS. Trustly also doubles as a withdrawal option, and that adds extra convenience in case your bank is supported by them.
Comparing an ewallet like PayPal with EPS may seem unfair at first. However, the only real advantage that PayPal brings is being able to withdraw through it, as well as the wider coverage at online casinos. Instant depositing is what the two payment options have in common, and the fact that PayPal has fees on deposits and withdrawals makes it less-friendly than EPS.
Should I choose to play with it or not?
If you’re still not convinced EPS is one of the best deposit options in Austria, we prepared a straightforward list of pros and cons that should put any indecision to rest. Take a good look at them, and then you can decide for yourself if EPS is good for you or not.
- Instant Deposits
Funds are available in your casino account as soon as you confirm the transaction in online banking
- Extremely Safe
Being developed by the government of Austria as its eGovernment payment option, you can be sure that you will not face any security issues when using EPS
- Widely Supported by Austrian Banks
Almost all banks in Austria offer EPS and that makes it very easy to access
- Zero Fees
Neither your bank or the online casinos charge any fees for deposits via EPS
- No Third Parties Involved
You won’t waste any time creating new accounts or memorizing credentials
- Increased Trust
Since you’re using a familiar bank environment, it adds to your confidence in the payment option
- Can Be Used From Overseas
You can deposit via EPS even if you’re outside of the country as long as you have access to your bank account
- Can’t Be Used For Withdrawals
The major drawback of EPS is not supporting withdrawals as well
- Only Available For Austrians
Even though this is not really a disadvantage, the fact that EPS is limited to Austria can only be added to the list.
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