EPS stands for Electronic Payment Standard. Known formerly as EPS Überweisung, the casino banking option is Austrian and works in much the same way as Giropay. It is commonly found at many top casino sites, particularly large European domains.
Of course, this banking method is going to appeal to German and Austrian players more than casino members located elsewhere, but they do offer English language services to any UK players who consider using this payment method to deposit into their accounts.
Depositing with EPS
Before a deposit can be made to a casino account, players are required to open an account with one of the banks that EPS has deals with. By and large, this mainly covers Austrian banks, but they are expanding all the time, so banks in other countries may be included.
After checking to make sure that their bank is represented at EPS, a player can select the payment method from those listed at their casino. From there, they can enter the amount they wish to deposit, and they will be taken to their bank where they can confirm the transfer. Although a transaction cannot be cancelled once it has begun, EPS does guarantee that players will receive their money no matter what.
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EPS is not an e-wallet, so players must understand that they cannot withdraw via this option. Instead, they must find an alternative method to receive their winnings. If players were considering using EPS to avoid handing over bank details to casinos, that strategy is shot down when they weigh in that this option cannot be used to cash out winnings.
The Final Word
EPS has its drawbacks. Apart from the fact that it primarily caters to Austrian players, players cannot withdraw via it. Apart from that, though, EPS does offer great guarantees, top quality security and they do not charge a fee for using their service, ever. Naturally, players in Austria and to some extent, Germany are going to find this option the most appealing, but Sofort, POLi and EnterCash all offer similar services to players located outside of those countries.
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