One of the fastest growing segments of the online gambling payments industry is the use of banking systems to facilitate transactions. The idea is simple: give players the ability to use the same online banking interfaces they use to check their balances, transfer funds or make bill payments in order to fund their casino accounts.
These options have sprung up all across the globe, usually by companies that have reached out to banks in order to form partnerships. One such company is STUZZA, which has developed a program known as e-Payments Standard, or EPS. This is a solution that is available throughout Austria, with more than 25 Austrian financial institutions taking part in the program. Allowing for quick, secure payments, this is now a payment method that can be found in most web shops that target the country, and also at many online casinos that accept players from this nation.
How to Use
Using this method is quite simple, provided that you have access to an account in one of the many banks that participate in this network. In addition, you’ll have to join an online casino that offers this as a deposit option; thankfully, many reputable, well-known gambling companies now include this as a funding method.
To get started, head over to the cashier section of the casino that you have chosen. There, you should be able to find EPS or e-Payments Standard in the list of accepted options. Once you’ve done so, you’ll need to choose from the list of banks that are available.
Doing so will redirect you to the web-based banking page for that institution – the same one you likely already have login credentials for. You’ll need to log into your account in order to actually process the transfer. Some information may be automatically filled out for you, while you may need to manually insert some verification or transfer data yourself. The exact process may vary just slightly between the many different banks that participate in this network.
Once you’ve verified all of the information and submitted the request, you will be sent back to the casino website. At this point, your deposit will be processed. Assuming there are no problems, the money should instantly appear in your account. From the time you choose your bank, it should be only a matter of minutes before you can begin playing for real money.
Internet banking solutions such as EPS come with a variety of advantages for users. One of the biggest is the fact that there is no need for users to sign up for any new services, which is always a hassle. Instead, you’ll be able to use a website that you’re already intimately familiar with, and one that has presumably earned your trust. By processing everything through your bank’s site, you can be certain that your transactions will be handled with the utmost care and security: the same things you expect when you pay a bill through the same systems.
Another plus is the fact that this is a method that can process payments very quickly. It won’t take more than a couple minutes to complete the entire process, meaning there is no delay in getting started here, unlike with solutions that require you to sign up for something new or purchase a prepaid product. The only downside is that you can’t cash out using this method, meaning you’ll need to find an alternative method to get your winnings.
Where Can This Method Be Used?
This payment system is exclusively available in Austria, or at least for those who have accounts in Austrian banks. There are a wide number of institutions that take part in this program – more than 25 of the most popular banking options in the country – so most people with a checking account in the country should be able to use this without too much trouble.
Are There Any Fees?
There are no fees associated with using EPS to make a deposit. If there is any cost to these transactions, they are all paid on the merchant’s side. The only possible fees would be ones charged by your bank; however, we are not aware of any that charge for bill paying or transfers like these.
What Are Some Similar Alternatives In Other Markets?
There are a number of similar programs that have been set up throughout the world. Perhaps the most famous is Citadel, which is available in a wide range of markets throughout the globe. Other similar solutions include Sofort, POLi Payments, and EnterCash, among many others.