Bank transfers are considered to be one of the safest payment methods for online gambling. Many services provide players with the opportunity to directly withdraw money from their bank account to pay online, adding a great security factor to their purchases. Giropay is a payment system that allows its customers to pay on the internet from their bank accounts.
Operating in Germany, Giropay was founded by the Deutsche Postbank in 2005 and now covers more than 1500 German banks. During its 15 years of history, Giropay has reached 17 million customers and is available on about 60% of all the commercial bank accounts. The appeal of this payment method lies in the fact that it uses the same security environment of the bank that the client is using. There is no private information shared with the merchant, as you are redirected to your bank’s login page when you make any type of payment online.
This article serves a short guide on Giropay and all the pros and cons you can expect to experience while using their services. We are going to find out what makes it so popular in Germany and Austria, and how well does it stand in the online gambling world.
Being available in all the biggest and prestigious banks in Germany, Giropay is the trusted payment option for many gamblers. Specifically developed for the German market, this method is available only to customers with a German bank account.
Its popularity is rising in recent years to the point where it is the second most used online payment method in the country, after Sofortüberweisung. The process of money transactions via Giropay is similar if not identical to all the other direct banking services, with the customer always being redirected to the page of their respected bank.
If you are looking forward to using Giropay at online casinos, you should keep your eyes open for it in the Payment Methods section. Every online operator has a dedicated page where you can find all the available methods for depositing and withdrawing on their site.
Once you are familiar with the terms and conditions section of the online casino, you need to make an account. Next, you should press the “deposit” button located somewhere on the homepage, and choose Giropay as your method of choice. As previously mentioned, you will be redirected to your bank account page. The player needs to enter their account number and PIN-code, then authorize the purchase via a text message sent over their phone.
Giropay payments are secure, directly linked to your bank account. All the safety measures taken by your bank institution to protect your privacy are present. One of the benefits of using this payment method is that your deposit funds will be instantly available on your casino account to use.
• High level of security, thanks to the 256-bit encryption system and 2-steps verification process;
• Using bank transfers is fast and enables you to use only available funds;
• Accepted by a large number of bookmakers around the world;
• You can use your Skrill, Neteller or Paypal to fund your purchases since they are all linked to your bank account;
• Deposits are instant and withdrawing processes take up to 3 days to show up on your account;
• One of the best payment methods for German players, Giropay is accepted by most banks in the country;
• No need for an extra registration at a third-party provider.
Giropay is the payment method of choice for many German players. It is worth noting that it is accepted worldwide and there are no country restrictions. CasinoDaddy.com takes the time to scour the market for all the best new operators each month, where you can find many operators, allowing the use of Giropay.
We have a page with all the best new casinos of 2020 that are worth your time, together with a full-length review of our experience on their site. You can find useful information on the game providers and the number of games you can find. We evaluate the quality of the live casino section and make sure to list all the payment options as well.
Live Casino is a special section of the platform of most online casinos. It delivers the real casino experience to players in front of the screen, thanks to a professional dealer, great camera work and the latest technology developments.
Many of the game providers are taking the extra step into creating outstanding games for players worldwide, with to-notch performance and smooth gameplay. Giropay is just one of the payment options you can use to fund your live casino sessions, as it involves zero waiting time for your deposit to appear on the casino platform.
Technology marches onward, and the way people see mobile devices is comparable to many sci-fi books from the early 20th century. Living in the future has its benefits for gamblers all around the world, as many online casinos are transferring their desktop platforms on mobile.
Thanks to MuchBetter’s quick and easy to use a mobile app, online casino players can make mobile casino deposits in seconds, all it takes is a couple of taps on the screen and you are set to go.
You can find all of your favorite games available on your phone, and you can deposit via Giropay to fund your adventures alongside many other payment solutions. They have a full-fledged mobile application, compatible with online banking.
Giropay in Germany is similar to how Secure Vault payments work in the US, or to the Interac Online service in Canada. Acceptable by most of the Sparkassen (German public banking system) and a large number of cooperative banks, Giropay is one of the best alternatives for gamblers from this country.
As a neighboring country, Austria is one of the other places in the world where you can find a lot of Giropay users. To use their services, you need to have a German bank account, and since many Germans live or work in Austria, its popularity there is massive.
The United States has other alternative methods that players can use to deposit or withdraw money from online casinos. They, unfortunately, they don’t have access to Giropay as of yet. The perspective of being available in the US is not particularly bright. If Giropay grows internationally it would most likely cover the European markets first, before making its debut in America.
If you are interested in the best casino bonuses you should check out our page, containing all the greatest bonus rewards on the market. Updated daily, you can find something that suits your taste, as our team covers everything from a cashback bonus, tournaments, and all the various welcome packages casinos offer.
Wonder if you can use Giropay to claim them? Fear not, as we list all the payment methods for every casino we cover on our site. Here are some of the types of bonuses you can expect to find at an online operator:
• 100% Casino Bonuses – the one bonus you can find in hundreds if not thousands of online casinos. It is common to include this bonus as a welcome package deal after you make your first deposit;
• Free Spins Bonuses – highly desired, Free Spins give you free tries at the most popular slots. It is a fun way to get people to come and check out what the casino while trying to score some profit at a well-crafted slot machine game;
• Birthday bonuses – they are not so common but help to strengthen the bond between the player and the casino. Essentially, you get a cash bonus or Free Spins on your birthday, that make your special day, well, extra special.
Giropay charges you a fee for each transaction. These fees are different and depend on your bank institution. They vary in size and can be anywhere between 0.9% to 1.2% and an extra € 0.08 per transaction. As a typical bank account transfer option, it can take anywhere from 2-5 business days for your transaction to register at your online banking.
The average waiting time, however, is 3 working days. On a positive note, the deposits you make via Giropay are instant, with no waiting time. Once you verify your purchase you will be able to use your money right away. When depositing at an online casino, you should keep in mind that there is a deposit minimum. This means that you can’t deposit an amount of money bigger than a certain sum, commonly being around $10-$20.
To make sure you are fully aware of all the conditions of putting money into your virtual casino account, you should familiarize yourself with how everything works. To do that, head over the “Terms and Conditions” section of the operator, before creating an account on their platform.
No, they can’t. Giropay is only available to players from Germany who own a German bank account.
Yes, you can use Giroplay to deposit money and collect your winnings.
Giropay Online Casinos are very safe! Giroplay is as safe as your bank institution is. It links the provider with your bank account funds, meaning the entire process is handled by the bank. It provides high levels of security with each online payment you make.
You can use their services at any of the casinos on our page, and everywhere that is listed as a valid payment method.