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EPS

Country: Austria (AT)  |  Payment Rail: bank_clearing

OnlineBanking Market Adoption: 30%

EPS is Austria national online banking payment standard developed by Austrian banks and the Ministry of Finance, featuring guaranteed real-time bank transfers and 2FA authentication and widely used for local e-commerce, digital services, and government portals.

🔄 User Payment Flow

  1. Customer selects EPS at checkout and picks their Austrian bank from the list
  2. Customer is redirected to their bank secure online banking login page
  3. Customer authenticates and confirms payment using TAN code, biometric app, or SMS OTP
  4. Bank verifies funds and provides immediate irrevocable payment confirmation to the merchant
  5. Customer is redirected back to the merchant order completion page

⚙️ Characteristics & Settlement

Instant PaymentYES
Supports QRYES
Supports RecurringNO
Supports RefundYES

🛠️ Merchant Integration Steps

  • Merchant initiates transaction via PSP (Stripe, Adyen, Mollie, Checkout.com)
  • PSP generates EPS bank selection redirect interface
  • PSP captures real-time synchronous clearing webhook from Austrian banking network

🚀 Supported Payment Gateways & Acquirers (PSPs)

🔌 Stripe🔌 Adyen