Another advantage of using EPS to make deposits in lotto sites online is fast processing time and immediate feedback. Users transfer money directly from their bank accounts without the extended processing time and confirmation process associated with direct bank transfers. Users also get to review all the payment details before authorizing the payments, minimizing the chances of errors.
Before getting the money part, the first step to making a payment is choosing an online lottery site that accepts this mode of payment. Several reputable online sites accept EPS payments, also known as EPS lotteries. They can then register for an account and log in to start the deposit process.
Before using EPS to deposit funds to an online lottery site, users must ensure that their bank accounts have adequate amounts to fund the deposit. First-time users may also be required to link their bank accounts to their EPS accounts. The process is easy and only requires approvals from the bank in which the users are account holders.
After successful login, users must navigate to the deposit option on the banking page of the lottery site. Most gambling sites usually offer several payment options, one of which should be EPS.
Selecting the EPS option will redirect the user to the EPS site. The users then have to choose the bank from which the deposit will be made and enter their account credentials to access their bank account. After confirming all the details, they can specify the amount to be transacted and authorize the transaction. Authorization can be done by scanning a QR code displayed on the lottery site or entering a code sent to the user via SMS.
Users usually receive a notification to confirm that the transaction is completed. That usually takes only a few seconds as transactions are processed in real-time. The users can then opt to return to the lottery site online to confirm that the deposit made has been credited to their accounts.
It is possible to make deposits via EPS using mobile devices such as smartphones and tablets. The deposit process is similar to the one described above.
Deposit limits and fees
EPS does not limit the amount users can deposit to gambling sites. However, some lottery sites usually limit the amount and number of transactions that gamblers can do in a day. The limits vary among the different lottery providers. That notwithstanding, EPS deposit methods do not charge any additional fees for deposits. However, regular banking fees may apply to some banks.