MultiSafepay adds Austrian EPS to payment platform

Payment service provider MultiSafepay will expand its payment methods with Electronic Payment Standard (EPS), an Austrian online transfer procedure, so it can focus more on the growth market in Austria. MultiSafepay sees potential for its customers and wants to offer them the opportunity to enter new markets.

According to MultiSafepay, EPS can be compared with Dutch payment method iDeal and it works almost the same as German payment method Giropay, both offered by MultiSafepay. “We are constantly working on expanding and improving our service. Adding the payment method EPS is a good example of this and it ensures that our merchants can serve more customers in Europe”, product manager Dirk Meij said.

16 different payment methods

MultiSafepay now offers 16 different payment methods via one contract. The company says that for online entrepreneurs with Austrian customers, EPS is a great addition to the online store. “Over 80 percent of Austrian ecommerce websites offers EPS, which means that foreign online stores can now compete better with local businesses”, Meij explained. “More than 44 percent of all online payments in Austria are done with EPS. And these transactions are guaranteed, retailers won’t have the risk of any cancellations and/or chargebacks.”

About EPS and MultiSafepay

EPS was established in 2001 and reaches about 2.5 million Austrian bank card/account holders. MultiSafepay was founded in the Netherlands in 1999 and as collecting payment service provider it takes care of the agreements, technical details and payment collection required for each payment method.