Giropay is a German online payment method which allows customers to buy products and services via a secure direct online transfer from their regular bank account. For this reason Giropay is being increasingly embraced by online gambling fans – that don’t have or don’t want to use credit cards – to fund their online casino accounts fast, efficiently and discreetly.
Launched in early 2006 by Giropay GmbH , Giropay is similar to the Dutch online payment method, iDEAL, and currently processes over one million transactions each month. As such, it has a reach of approximately 17 million online banking customers and over 60 percent of all commercial bank accounts in Germany.
How Giropay Works
Those who are used to online banking should have no trouble getting started with Giropay. To initiate the process, you visit an online casino and select the Giropay option. After this, you select your bank, and you’ll be redirected to the bank login screen. Once you’re logged in, you have to enter the account number, PIN (personal identification number) and the transaction number (sent in email). Once the bank has authorized that there are enough funds in your account, the deposit will be completed, and the money will be moved directly from the bank into your casino account. Transaction fees for Giropay generally range from 0.9%-1.2%, and there’s an additional €0.08 fee tacked on.
Where is Giropay Used?
While modeled after the Dutch online payment solution iDEAL, Giropay is exclusively used by Germans. That said, it has become one of the most popular methods for depositing and withdrawing money from online casinos due to the convenience factor and low transaction costs.
Giropay Ownership and Contact Information
Giropay was started in 2006 by Giropay GmbH (abbreviated German name), and since that time, they’ve gained a membership based of almost 17 million Germans. In addition to the large base of general Giropay users, this payment solution has also managed to attract a large amount of online casino users too.
Email: Contact form on website
Phone Number: 0180 3 666 400 (charges may apply)
As with many of our listed online casino payment options, the biggest benefit to Giropay is that it offers a quick and easy way for players to make casino transactions. Basically, the only thing that casino users need to do to complete Giropay transactions is enter their account number, PIN and transaction number (via email). Assuming the funds are in place, money will be delivered to one’s account instantly, which is another bonus to using this payment method. One more perk for this processor is that the online casino doesn’t share any of your personal or financial details like with credit cards. It should be mentioned though that Giropay doesn’t make allowances for chargebacks, so this might concern some people.