Giropay is a company that provides innovative solutions for e-commerce. It was founded by Postbank, the Sparkassen-Finanzgruppe in 2005. It is fully based on online banking and now offers innovative and secure payment and verification solutions. In Germany, it has been fully established within the e-government and e-commerce market. There are more than 1,500 banks and savings banks that are participating, and in excess of 35 million online banking customers based in Germany. Each month, more than 1 million transactions are carried out. Payments are totally secure and can be accessed without the need to register for any services. Even though it works within Germany, it also can cater to users in one other country, and that is Austria.
Terms & Conditions: This starts with the look and feel of the site which is a classic dark blue, with elements that are not static. As a new member on the site, then you will be able to experience and benefit from the welcome bonus package which makes it possible to get up to a very generous 200% up to £400 + 50 bonus Spins. The games are made available from more than 15 software providers, and there are a number of payment options available for you to choose from to.
A useful payment method for online gambling Customers should experience a convenient method when they are looking for any online payment solutions. This is what Giropay is able to offer, as it is possible to use this payment solution on your PC, smartphone or tablet. Making a payment online typically needs various steps, and one of these may be logging into your online banking account. This may expose your private log in information in various ways, affecting your overall safety online. That is where Giropay comes in as it makes it much easier to gain access to your bank account.
It is an intermediary online payment system that is funded by a direct bank transfer, with the banks mainly being savings banks that are located in Germany. Only a certain number of banks are participating. There are no charges with this payment solution except for those that are imposed by banking gateways. Furthermore, transaction payments are instant. Both merchants and customers choose Giropay because of the speed that this payment solution offers. This includes setting it up that takes just a few hours. When making payments, completion is instant.
Using Giropay at Online Casinos
When you choose to use Giropay, you should note that it is available in three major currencies which are EUR, USD and GBP. German players appreciate the chance to take payments using Giropay when playing on online casinos. To make use of this payment solution, you should begin by choosing Giropay when you are on the payment page. When you select this option, choose the bank of your choice and you will then be redirected to the login page. Here the bank will automatically fil in your transaction data for quick processing. Put in your bank account number and your PIN code as well as the Transaction Authentication Number (TAN) that you are sent by the bank. The TAN number is a one time password that is often sent through your mobile phone and is used to authorize any payment that you are making online.
With all this information put it, you should confirm the transaction. Confirmation is done with you put in a digital signature with a 2FA token. At this point, the bank will pay the required amount into your casino account in real time, and the amount deposited shall automatically be deduced from the customer account. The merchant then receives a real time confirmation that a payment has been done. A message that says the payment has been successfully processed is seen on the confirmation page.The benefits of using this method is that your bank details remain anonymous due to the two layered security measure that includes the bank account number, Pin Code and TAN. Furthermore, the transaction is done instantly. Then, there is no need for a subscription to another third party service as you are getting the funds directly from your bank account and Giropay facilitates the entire process.
With Giropay, you can carry out both deposits and withdrawals. It is worth noting that there is a small fee that you will need to pay for each transaction that you make, and this will depend on the bank that you are transacting from. The most that you can deposit on a given day using this method is €5000. To make the process of making deposits and withdrawals easer, a customer can choose the free services that is known as Giropay-ID. With this service, you save time as you do not need additional registration making finalizing the deposit and withdrawal process more efficient. This service ensures that the age of consent has been confirmed, and that the account relationship with the online casino is cemented. This service is offered by a select number of participating banks. It is possible to check and update the security features at any time.
Giropay continues to grow in popularity because it has high levels of safety. This safety begins with the Commercial grade SSL encryption which ensures that all the data transmitted is encrypted and protected. There are more features that are included in the safety DNA of Giropay. Communication with a banking or credit institution is done through Giropay and Giropay ID. Transactions are always carried out within secure online banking environments. Furthermore, all the institutions that use Giropay are highly respected and trusted. Information including the PIN and TAN are only exchanged between the bank and the customer, and is never entered into the casino. One can rest assured that none of the information that is shared with Giropay falls into the hands of third party institutions due to the protection and safety standards that have been put in place.
Advantages + Payments are anonymous on online casinos, and can be carried out instantly + Giropay features a two layered security measure that includes a PIN code and a TAN + Real time invoices are delivered to merchants for all payment transactions + Third parties do not get personal information shared when using this payment method
Disadvantages – It is only available in two countries, Germany and Austria – There is a small fee that you will need to pay when executing a transaction – Does not have a dedicated mobile application – There is a limit to the amount that can be deposited each day