Giropay on New German Online Casinos

An internet payment method offered to customers in Germany, Giropay is based on online banking and has been around since 2006. Most Sparkassen and cooperative banks in Germany participate in this online payment system. Giropay lets you make secure and instant payments using direct transfers from your bank account. It offers a convenient way to make deposits without sharing bank or credit card details with online retailers and other services. Find a top list of the best new Giropay casinos below.

How quick is it to deposit?

Deposits are instant when using this payment method since authorizations by your bank are in real-time. All transactions are also reflected in real time on your bank account since the same infrastructure as your online banking site is used.

Is Giropay secure and trusted?

According to giropay, over a million transactions are processed each month by the payment system. The level of security will depend on your bank, which might offer PIN and TAN based online banking or more secure two-factor authentication. All payments are guaranteed for up to 5,000 euros.

Can Giropay be used anonymously on new casinos online?

You need to log into your online banking account to use this payment method. Information such as your credit card or banking details, as well as other personal details, are not shared with merchants when making a transaction as a result. So while card details may not be revealed, Giropay is not anonymous since personal details such as name and address are saved in their system.

Is there an age limit?

There is no age limit to use this online payment system, although you need to meet the minimum age for online gaming sites to use it for deposits or withdrawals on those websites. Generally, the minimum age is 18.

5 Common reasons that my Giropay is declined?

This online payment option can be declined if you enter the wrong information when logging on to your online banking site. Your bank might request your account number, PIN or other details when you log on to your account to complete a transaction. If either your account number or PIN is wrong, you will not be able to use giropay. You might also be denied if you do not have enough funds in your bank account. Banks may also decline transactions if they suspect fraudulent or other unusual activity. Your transaction may also be declined with there is a technical issue with your bank that prevents the payment from being processed.

What is the difference from other payment methods for new casinos?

Unlike electronic wallets, giropay does not hold your money or manage your funds directly from an account separate from your bank or credit card. Instead it operates like other online payment systems like Secure Vault in the United States, Interac in Canada, iDEAL in the Netherlands, Trustly in Scandinavia, Pay by Phone in the UK and Pagomiscuentas in Argentina. This means it acts as an intermediary to transfer funds from your bank account to the site you are using.

Main pros with Giropay?

Over 40 million consumers used this payment method in German, according to giropay. The ability to receive real-time confirmation of each transaction is one of the reasons it is a popular choice. This means you have instant access to funds in your bank account to make a deposit. All transactions are also traceable and immediately recorded on your bank account. Other benefits include the ability to make secure payments through your bank and leveraging its security infrastructure. You also enjoy guaranteed payments for up to 5,000 euros. It is also supported by most banks in Germany.

Main cons with Giropay?

The number of banks in the private sector that participate in giropay is limited to Deutsche Postbank, which somewhat restricts the scope of use by customers. It is also only available to users with an account with a participating bank in Germany. Another disadvantage is that customers have no chargeback right, meaning you can not get money back from sites. This means you will not be able to use this option to withdraw winnings into your bank account. Transactions are also not free. A small fee is charged for each transaction and a percentage is taken in addition depending on the amount, with fees decreasing with higher values.

How do I get a Giropay?

There is no need to register to use this payment system. When making a transaction, users simply pick giropay as a payment method if it is available. Once selected, you need to choose your bank. You will be redirected to your online banking login page where you enter the necessary information. For more information, visit www.giropay.de.