Because of its convenience, safety, and speed, EPS is the best deposit option for Austrian bettors. Your only requirement is an Austrian bank account that supports online balance inquiries. If you can access your bank account online, you already have the knowledge necessary to authorize deposits at any of the hundreds of EPS online betting sites available around the world.
When it comes to online banking in Austria, EPS (short for “eps Online-Überweisung”) is a trusted payment processor that integrates with nearly all major banks. While wagering is where our attention is currently focused, it represents only a fraction of EPS overall business. Thousands of establishments in Austria rely on this payment processor to take customer payments. It has actually become the most common way to pay online in Austria.
The Mechanisms of EPS and Their Effects
The EPS concept is so straightforward, it’s brilliant. EPS has partnered with nearly all Austrian financial institutions so that customers can make payments through their preferred online banking portal. To complete a purchase, a merchant will submit a request to your bank, and you can then sign off on the purchase from your online banking portal.
Never give out your bank account number or other sensitive financial data to anyone. After entering the desired deposit amount, you will be taken to a secure page hosted by your bank. You’ll then be prompted to enter your usual login credentials before your bank will process the payment. Without disclosing your account number or credit card details, EPS and your bank will send the funds on your behalf.
You should know that once money has been sent to an EPS betting site, it cannot be retrieved. Once the deposit amount is confirmed, there is no going back and requesting a refund. People who sign up for betting sites, bet large sums of money, and then dispute the transaction with their credit card issuer when they lose are major problems for the industry. Bet only what you can afford to lose, and play only with reputable operators.
Regulations Regarding Charges and Caps
While EPS is never paid for, it is always free, the maximum bet amount varies from betting site to betting site. My research indicates that the minimum deposit is around €20, with the maximum being between €10,000 and €15,000.
Information Regarding Skrill’s EPS
Instead of providing direct EPS payments, some gaming merchants accept payments via Skrill. I think this is because betting sites find it simpler to just direct you to Skrill to complete your deposit because Skrill has an existing agreement with EPS.
You may be required to create a Skrill account before making a deposit, so be prepared. You can open an account with Skrill, an online money storage and withdrawal service, and use it to make deposits and withdraw your winnings. A Skrill account can be opened at www.skrill.com, and EPS can be used to add funds to your Skrill account if you’re asked to use it. After that, you can make a Skrill deposit. This approach is just as secure but requires an extra step.
