The EPS image file stands for Encapsulated Postscript and is an image file that gives users information about its contents through an image preview or text description. I’ll also explain how to make this conversion quickly and easily. In this article, I’ll explain why it makes since to convert the eps to a psd. When this time comes, you’ll want to convert it into a different file format. However, there’s going to come a time when it needs to be edited extensively. The EPS file is mostly used by a niche group and their clients.