Pay by Bank in Austria

A prepared payment instead of transfer instructions

Austria’s familiar eps checkout, a manual bank transfer and open-banking Pay by Bank all move money from an account. Their checkout journeys, merchant contracts and confirmation rules differ. Choose the flow that fits how you sell, collect payment and release an order.

A manual transfer often starts with the merchant sending an IBAN, amount and payment reference. The buyer then enters the payment in their banking app, and the merchant matches the incoming money to the order.

In a bank-authorised checkout, the customer chooses their bank and approves a prepared payment through their bank’s authentication flow. The payment result stays associated with the purchase. That gives your operations team a clearer starting point than a buyer’s screenshot or an email saying “I have paid”.

For an Austrian furniture order, a replacement-part purchase or a trade invoice, the practical question is the same: which payment result updates the order, and when can the goods be released?

Pay by Bank, eps or a manual transfer?

The official eps merchant description provides for an immediate confirmation from the buyer’s bank and an execution guarantee for accepted orders. That is a feature of eps’s own rules, rather than a description of every bank-payment service. Wallid’s Pay by Bank proposition is separate; this page does not describe eps acceptance through Wallid.

Clear EUR fees for Austrian orders

Wallid’s standard EUR payment fee is 1% + €0.30 per successful payment.

A successful EUR refund is charged separately at 1% + €0.30. Applicable VAT and platform charges are additional; third-party transaction fees charged by your commerce platform may also apply. Compare the full cost at your actual order value, including refunds and payment-matching work. Higher-volume terms can be discussed using monthly payment count, total value and average order size. See Wallid pricing.

A bank’s charge to its customer for sending a transfer is a different charge from a merchant’s checkout fee. The rule that an instant euro transfer must not cost more than an ordinary transfer does not make a merchant payment integration free.

Euro payment timing: confirmation and funds availability

Austria uses the euro. A standard SEPA transfer follows bank processing times and cut-offs; an electronic SEPA transfer normally reaches the recipient’s payment provider within one business day after receipt of the order. SEPA Instant is designed to move euro payments within seconds, around the clock.

Those rail timings do not turn every checkout into a promise of immediately available merchant funds. Treat bank authorisation, a returned payment status and money credited to the receiving account as distinct events. Set the dispatch rule against the event your integration actually reports.

The former €100,000 scheme ceiling for instant payments is not a reason to advertise unlimited orders. Available funds, customer controls and the payment arrangement still matter for a large purchase.

Specialist retail and higher-risk businesses

Specialist retailers serving Austrian customers can assess a bank-authorised payment option alongside eps and their other checkout methods. The merchant workflow still needs the payment reference, an order-status rule and a refund process. Explore Wallid Pay by Bank for specialist and high-risk merchants for this use case.

Choose your integration