Updated Updated: August 20, 2019

GiroPay

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About Giropay

Giropay is a payment method that involves direct online transfers. It was launched to the German market in 2006 and remains to this day a popular way for people living in Germany to carry out online transactions. In fact, it’s the second most widely used online payment method in the country after only Sofort Uberweisung. There are more than 1,500 German banks that are linked up to Giropay. This payment method is only available to those living in Germany who have a German bank account.

Giropay is among the many payment methods people in Germany can choose from to make deposits at online casinos and betting sites. There are loads of sites that let you use this payment method. Many casinos available in Germany, for example, will recommend Giropay as a payment method for Germany players to use. Since it’s particularly popular, there’s every chance that more and more German online casinos and betting sites will start accepting it in the near future.

Making Payments with Giropay

When it comes to making deposits at gambling sites with Giropay, you should find the process is easy enough to complete. First of all, you’ll need to confirm Giropay as your preferred payment method, then you’ll have to state that bank your bank account is at. You’ll then be taken to your bank account’s login page. After entering your account number and PIN code, you’ll be sent a Transaction Authentication Number (TAN) that you’ll have to enter to confirm the transaction.

Your bank will then process the transaction, provided there are sufficient funds in your account. If there aren’t enough funds in your bank account, the transaction won’t go ahead. When using Giropay, transactions of up to €5,000 are guaranteed to go through. It seems that you can’t deposit any more than €5,000 using Giropay in a single transaction.

Pros
  • Giropay has a few advantages to it that make it worthwhile for Germans looking to gamble online for real money. The payment method is very safe and secure since you have to enter your PIN code for your bank account, as well as a separate Transaction Authentication Number. When using this payment method, transactions should be carried out pretty much instantly, so once you’ve made a deposit you should be able to start gambling for real money straight away.
  • To make a payment, you don’t need to provide the receiver of your funds with any personal or bank details. You simply need to enter the necessary bank details, confirm the payment and it will go ahead. When funding an online casino or sports betting account with Giropay, the site will never receive any of your details.
Cons
  • While there are many advantages to using Giropay, there is one major disadvantage and that’s the fees. The fees you may be charged for carrying out transactions vary depending on what bank you have an account with it. Any fees you can be charged range from 0.9% to 1.2% – there’s also a fee of €0.08 per transaction to take into account as well.
  • There’s also the fact that Giropay can’t be used to make withdrawals. When it comes to withdrawing your money, you’ll have to link a second payment method to your casino or betting site account or use a direct bank transfer, which can take quite a while. Before signing up to a site that accepts Giropay, make sure it also accepts a separate payment method that you can use for withdrawals.

Conclusion

Giropay is a payment method that offers a quick and convenient way of transferring funds directly from your bank account to your online casino or betting site account. It’s only available in Germany at the minute and has become one of the country’s most popular options for online money transfers thanks to its many advantages. There are a few disadvantages, such as the fees and the fact that it can’t be used for withdrawals. However, it still remains a very worthwhile option to consider for deposits, since it’s very safe and secure, offers fast deposits and doesn’t require you to share any details with the site that’s receiving your funds.

If you’re a German online gambling enthusiast looking to make fast, reliable deposits, be sure to visit Giropay’s official website and start using this top payment method for yourself. You should find it’s a safe, reliable and quick way of depositing funds into your casino or betting site account.

There are lots of banks that let you use Giropay to transfer funds. You can find a full list of compatible banks at the official Giropay website.

It appears that you have to be located within Germany in order to be able to use the payment method. You also need to have an active bank account with one of the banks that let you use Giropay.

Yes. If you decide to fund your gambling account using Giropay, once you’ve confirmed the transaction, the money should appear in your account pretty much straight away. You’ll then be able to use it to spend on a casino’s games and place sports bets with it.

Since Giropay is only meant to be used in Germany, the only currency that you can use with this payment method is the euro. Note that if you have money in other currencies you wish to transfer using Giropay, currency conversion fees may apply.

If an online casino or betting site accepts Giropay, its mobile site and/or app should accept Giropay as well. When using Giropay on a mobile device, it should work in the same way as it does on desktop computers and laptops.

Giropay is indeed safe to use. It uses the latest 128-bit SSL encryption to keep transactions protected at all times. Your own transactions are also protected thanks to the fact that you have to enter both a PIN code and TAN. It’s also backed by a number of German banking institutions.

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