Giropay is a convenient payment provider with the most presence in European countries such as Germany, The Netherlands, and Austria. By definition, it is an instant online payment system that requires the player to have an active bank account with one of the banks that are associated with Giropay.
The company started operating in 2006, based in Germany and solely operated in Germany. The service was established by Postbank and now cooperates with over 1,500 banking institutions across Western/Central Europe.
Here you can play the best live casino games
Giropay Online Payment
Both merchants and online casinos see Giropay as an efficient e-commerce solution. It is also perfect for customers looking for an online payment method without an intermediary. If we look at Germany alone, it’s the second-largest online payment system next to Sofort Überweisung. It directly ties your banking account with your gambling balance. The service is protected by TAN, PIN and SLL encryption, so you don’t have to worry about security. It also eliminates the use of cards, therefore minimizing the risk of fraud.
Giropay Best Online Casinos
No extra registration is required to be able to use Giropay. It is simply a means to connect you directly to the online banking system of your chosen bank. This way you can make quick transfers without a middleman. In a way, Giropay is the middleman, but it performs its role in the background, without burdening the users much.
Using Giropay for live casino activities is fairly simple and benefits from one’s bank’s online services. You are expected to go to the Giropay official website and connect your bank account. This way, when you select Giropay at an online casino website, the system will automatically redirect you to your bank’s website and give you access to your funds.
How to Deposit via Giropay?
When you have your mindset on paying with Giropay, first go to the cashier section of the casino website. Then you should see the Giropay logo there, or you might need to select online banking and then Giropay from several available options. All connected banking institutions appear on your screen, pick your bank. This will redirect you to the internet banking system of your bank where you will have to log in with the existing credentials (account number/PIN). Then you enter the amount you want to deposit.
After entering the desired sum, you will need to verify the transaction. Authentication is required with a Transaction Authorization Number (TAN) which adds another level of security on top of the password. Once the payment has been confirmed, the funds will be transferred right away. Payments under 30 euros do not require TAN. Some of the banks that support Giropay include Sparkasse, Volksbanken Raiffeisenbanken, Postbank, Comdirect, BB Bank, MLP, PSD Bank, DKB, and Wustenrot Direct.
How to Withdraw with Giropay?
Online casino players can also use the Giropay system to cash out their casino winnings. One needs to engage in the same process, only the transaction is processed in the opposite direction. To cash out, you need to go to the banking page once again and pick withdrawal and pick Giropay. Enter the required information – your instant banking account details and the sum you wish to transfer. Specified casino winnings will be transferred to your respective bank account in real-time.
Transfer Times, Fees, and Security
Payments made via Giropay are executed within a secure online banking environment in real-time. This means that banking information is not shared with gambling sites under any circumstance. There is also no time for any unwanted third parties to intercept the transaction. To further improve security, the service made sure that the gateways between Giropay and online banking accounts of its users are secured with 256-bit SSL encryption.
The service itself charges certain fees, such as 0.89% per transaction (minimum 0.33 euros). You ought to keep in mind that your bank may have certain fees for online transactions, as well. Bank fees vary from one institution to the next, so it is up to you to inquire about the charges your bank imposes or doesn’t. As for the speed of the service, it is remarkable. Giropay’s instant transactions make a huge difference, especially regarding withdrawals.
