EPS, or Electronic Purse System, is a payment method that allows players to deposit and withdraw their funds from an Austrian bank account without ever having to go through a financial institution such as a bank. From this article you are going to learn everything related to EPS as an online casino payment method, and of course, you are going to find ratings of EPS casinos provided by our team of experiences casino experts.
EPS as an Online Casino Payment Method
EPS is an online bank transfer system that allows making online casino deposits and withdrawals without any need to open a new account. The only thing you need is an Austrian bank account with online banking, and that’s it! The fact that you don’t need to bother yourself with opening some new e-wallet account and transferring money to it (often with additional fees) is why EPS is extremely popular among Austrian consumers, not only online casino players.
Another great thing about EPS as an online casino payment method is the fact that the system does not share any of your personal information with a merchant (online casino in our case). It is an extremely important feature that improves the safety level in a big way since, even if you have not done your homework and deposited to some shady casino, the harm will only be limited to your deposit amount.
Best 2 EPS Casino Reviews
#1. BoomerangBet - Instant Cashout EPS Casino - 9.15/10
Wager: 70x
Code: N/A
Min deposit: 20$/€
Max bet: 5$/€
Active: 10 Days
Free spins: 200
BoomerangBet is another international online casino and bookmaker in the rating. The casino accepts EPS as both a deposit and withdrawal method and processes transactions instantly, so you will not have to wait even a second (at least it was our experience during multiple blind tests). The minimum EPS deposit amount is 10 EUR and will be affordable for most players.
The casino offers all possible promos to its players, including welcome and reload bonuses (especially liked reload bonuses for EPS depositors), cashback without any wagering, tournaments and races, bonus store, and VIP-program. Also, another great thing is that this casino accepts most players around the world, not only Austrian players.
When it comes to casino games, BoomerangBet is a modern online casino site with all popular game types, including classic casino games, live dealer games, Crash games, different types of casino poker games, and many others. The live chat support works fast and is available in many different languages, not just English.
#2. CasinoInfinity - Best EPS Casino to Play Slots - 8.69/10
Wager: 35x
Code: N/A
Min deposit: 20$/€
Max bet: 5$/€
Active: 10 Days
Free spins: 150
CasinoInfinity is a slot-focused EPS casino in the rating that offers more than 13,000 online slots from more than 80 best slot producers (such as Pragmatic, Quickspin, Amatic, PG Soft, and many others). All slot games are conveniently categorized, and the slot search tool works excellently as well. Everything is done for slot enjoyers. What is more important, all slots have high RTP settings, so you will get the most fun from your bankroll.
The casino accepts EPS for both deposits and cashouts. However, we have noticed that EPS cashouts took around 3-4 minutes and never were instant. It is not a big deal overall, just mentioning. Another thing to mention is the fact that the minimum EPS cashout is 30 EUR, so if you are a player with a smaller bankroll, then choose some other casino from the rating.
CasinoInfinity is not just about slots, the casino has all popular casino games on the platform as well. When it comes to bonuses, we would like to emphasize that the first deposit bonus has quite low wager (x35), which makes it quite valuable, so you should definitely take it when registering and making your first deposit.
How We Rate Best EPS Casinos
Here, we are going to explain the whole vetting process when it comes to EPS online casinos listed on our website. However, if you would like to make your own research, feel free to use our criteria, as those are time-tested guidelines that have served us well over time.
Step 1. First of all, we make sure that a casino accepts EPS as a deposit and withdrawal method. This is a very important step that is often neglected. Some players do not know that a casino might accept EPS deposits but does not allow EPS withdrawals. All casinos in our rating do both.
Step 2. Then we assess the casino’s safety index. Things like how fast a casino pays, whether there are any unresolved complaints from our readers or other customers, are very important, and we want to know right away whether a casino is safe or not. Otherwise, the research stops here, and there is no point in spending more time on such an operator.
Step 3. Now it is time to assess casino’s promotions, which are not only welcome bonuses. Some other promos, such as cashback or VIP-program, can be much more valuable for casino players, so we would like to get the whole picture.
Step 4. Now it is time to make a test EPS deposit and withdrawal transaction. We deposit a small amount to see how fast it will get credited. We always expect instant deposits and cashouts, as EPS definitely allows it.
Step 5. We always assess games variety, as we believe it also affects the overall experience in a big way. There must be not only thousands of online slots from leading software providers, but other modern casino games as well (such as Crash games and Game Shows).
Step 6. Customer support is another important ranking factor in our system. We always ensure casinos in our rating have live chat support that works 24/7. We always verify that the support is available around the clock by making requests during different times of day.
Step 7. Up to 90% of our readers play at online casinos on mobile devices, that’s why it is very important that a casino must have a mobile app for both iPhone and Android users. This way, your gaming sessions will be fast and secure.
Can Austrian Citizens That Reside Outside Austria Use EPS at Casinos?
Yes, you can absolutely do it as long as you have an Austrian bank account with online banking, and an online casino accepts EPS as a payment method. Moreover, you do not have to be an Austrian citizen in order to take advantage of EPS online gambling.
Most Austrian banks open bank accounts for citizens of other European Union countries, so if you are dedicated to using EPS at online casinos, then an Austrian bank account is the only thing you need to get started.
How to Get EPS Account
The process is extremely easy, as you don’t have to take any steps. It is fair to say that once you open a bank account at any Austrian bank, you are basically automatically connected to the EPS system. The only thing you must ensure is that your bank account has online banking activated. Some banks do not provide online banking automatically, as you are supposed to separately request it from your Austrian bank.
If you are an Austrian citizen, you probably already have a bank account. Just make sure you have your online banking login and password.
If you are a foreigner, then the process depends on your passport. Some nationalities (such as US or sanctioned countries) can have a really hard time opening an Austrian bank account, while others (EU citizens) can do it quite easily, sometimes even online.
How to Use EPS at Online Casinos
Deposit Process:
Choose any online casino from our rating you like and open an account. Choose the currency of your account that is the same currency that you will use in EPS (that way, you won’t be charged conversion fees). Then go through the account verification process, as we always recommend it at all casinos before making any real money deposits.
Go to the casino’s cashier and choose EPS from the list of available deposit methods.
Enter the amount of money you would like to deposit. We always recommend higher first deposits, as this way, you will take the most from the first deposit bonus (however, never deposit more than you can afford to lose, this is not what we mean).
You will be given a list of Austrian banks that participate in EPS. Choose your bank from the list.
You will be redirected to your bank’s online banking web page or bank’s mobile app. Enter login and password if needed and confirm the transaction.
Once your transaction has been approved, you will be redirected back to the casino. That’s it. The funds will get credited instantly, and you are ready to make your real money bets.
Withdrawal process:
Navigate to the casino’s cashier and choose EPS from withdrawal methods.
Enter the amount you would like to cash out (verify that there are no active bonuses that will be canceled) and enter your bank information.
Confirm the transaction and expect your funds to get credited immediately if you have become a client of any vetted casino from our rating.
EPS Online Casino Bonuses
Bonuses at EPS online casinos are not much different from what you can get at other online casino types. The promotion systems mainly depend on the online casino you have chosen to play at, not the payment methods available.
At EPS casinos, there are these types of bonuses:
Welcome bonuses are available for new players that make their first deposit. It is some percentage (often 100%) up to some sum (normally around 1000 EUR or more). Keep in mind that the bonus must be wagered before you can withdraw any real money derived from it (normally 40-50x).
Reload bonuses for existing customers. Those can be provided daily, weekly, or individually.
Tournaments and races where players compete against each other regarding how many real money bets they make or how much money they win.
Cashback is the most underestimated promo in our view. Cashback can be much more valuable than any bonus since cashback gives you real money without any strings attached (opposite to wager requirements of bonuses).
VIP-program (often with bonus store) is another nice promo based on how much real money you lose. The more you lose, the more perks you get.
Transactions Speed and Fees at EPS Casinos
EPS is a bank transfer system that processes transactions instantly by itself. However, it does not necessarily guarantee that you get funds credited to your casino account or back to your bank account instantly. Everything depends on the online casino you are a customer of. Some casinos process transactions instantly, while others do not. So, each time your EPS casino deposit or withdrawal is not instant, you know that you can blame your casino in most cases. All casinos in our rating process EPS deposits and cashouts instantly.
Similar to the transactions speed, fees depend on casinos. For customers, EPS does not apply any fees. However, EPS charges merchants (online casino in our case) 2-3%. Some casinos transfer those fees to their players, so keep it in mind. All casinos in our rating do not apply any EPS fees to players, so the amount of money you request to deposit or withdraw, exactly this amount you get.
Pros and Cons of EPS as an Online Casino Payment Method
Advantages of EPS as an online casino payment method:
No need to open any additional account, while all e-wallets will require it.
Instant deposits and withdrawals at best casinos.
No deposit or withdrawal fees.
Very easy process, as all deposits and cashouts require just a few taps on your phone or a few clicks in your browser.
High safety, as online casinos do not get access to your personal data.
Disadvantages of EPS as an online casino payment method:
Available only for holders of an Austrian bank account with activated online banking.
Some online casinos charge extra fees.
EPS Casinos FAQ
Does EPS charge any fees? EPS does not charge any fees when it comes to customers or buyers. However, it does apply fees for merchants, such as casinos in our case. Some casinos transfer the burden of fees to their customers, so the answer depends on a casino.
Is EPS safe as an online casino payment method? EPS is extremely safe as a casino payment method by itself, as it does not disclose any personal info to casinos and is regulated by the Austrian government. The only risk vector is the safety of your online banking account. Do not share this info with anybody, and protect it with a strong password (at least 20 symbols).
Is EPS available only for Austrian players? No, anybody who has an Austrian bank account is already connected to the EPS system and can use it however this person likes, including for making online casino transactions.
How fast are EPS casino deposits/withdrawals? EPS processes all transactions instantly, though it does not mean you will always get your money instantly. It also depends on the online casino you play at. Play at casinos from our rating, and all your deposits and cashouts will be instant.
What is the minimum EPS deposit? Nine times out of ten, the minimum EPS deposit equals 10 EUR, though some casinos might set a bit higher bar, 20 EUR.
What is the maximum EPS deposit? There are no limits to how much you can deposit using EPS. However, online casinos normally set a limit per transaction. When it comes to EPS, it is normally 5,000 EUR per transaction.
Are EPS deposits anonymous? EPS is not an anonymous payment system, as your bank and government agencies will get all the data regarding your transactions if they want to. When it comes to casinos, yes, EPS is fully anonymous, as casinos won’t get any of your personal or banking data (such as bank account number, etc.).
Can I use EPS in mobile app and web browser version? Yes, as long as you have access to your online banking, you are good to go. It does not matter whether it is through a web browser or through a mobile app. You just need to confirm a transaction in your online banking account.