GiroPay Online Casinos Review

GiroPay Online Casinos Review

Established in 2006, Giropay is a direct online banking system of German origin which was founded by Postbank, German savings banks and several credit unions to keep up with the growing demand for banks to offer online services to their clients. The service operates through around 1500 German and Austrian banks and serves around 17 million customers. Despite the fact that people have been reluctant to effect payments through the web in the past, nowadays GiroPay is responsible for the passage of more than 1 million payments per month which makes the payment service the second most used online payment method in Germany, after Sofort Überweisung which carries out about 2 million transactions per month. GiroPay Casinos is considered to be one of the primary payment methods favoured by German and Austrian players.

How does one use GiroPay?

The procedure to make an online payment via GiroPay is the same as most other direct online banking services and basically commences when the player chooses GiroPay to pay and the bank with whom he has internet banking. It is at this point that the customer is re-directed to the login page of his bank account in order to be able to enter his personal details and the necessary data. The bank will display all the data concerning the transaction and the customer is asked to enter his account number and PIN code. After the player has successfully completed this task, the bank will send a Transaction Authentication Number (TAN-code) which the customer will be required to use to confirm that he does in fact want to effect a transaction. The bank will then authorize the transaction from their end and send the payment in real-time to the receiving party whilst immediately deducting the amount from the depositor’s account. Furthermore, they will also send a confirmation of the payment to the receiving party so that they will know it has arrived. After this, the depositor will receive confirmation that payment has been made.

How secure is GiroPay?

giropay online casinosFrom the steps we have mentioned above alone, you will realise how secure GiroPay is. Customers do not only need to give their account number, but this must be combined with the aforementioned PIN and TAN codes. Moreover, because everything is done instantaneously and in real-time, it is near impossible for the customer to be taken advantage of by a third party. An additional feather in GiroPay’s security cap is the fact that users of the service remain completely anonymous as neither personal nor financial data of the depositor is disclosed to the receiving party. It is important to note that while payments of up to €5000 are guaranteed, deposits made with GiroPay can’t be cancelled.

GiroPay’s Link to the Online Casino Realm

In order to be able to pay with this payment option at GiroPay Casinos, a player must first select GiroPay as his payment method of choice on the casino’s deposit page. After this, the same procedure previously described is followed in order for one to be able to make the casino account deposit. The player is then re-directed to his chosen bank, fills in the bank’s online transaction form, authorizes the payment with the TAN-code, and immediately the bank will send the chosen amount to the casino. When the transfer is finally completed, the deposited funds are usually made instantly available in the player’s casino account which innately means that you can start to play straightaway.

How does one withdraw money with GiroPay Casinos at an online casino?

Withdrawing funds from your GiroPay Casinos follows the same procedure and usually the requested amount to be paid out is instantly available in the personal bank account of you as a player.

What are the advantages of using GiroPay?

  • It’s a completely safe and secure payment method.
  • Payments are carried out immediately which means that you do not have to wait for the deposited amount to become available to use whilst playing.
  • There’s no extra registration required for you to go through as you as a player will be able to use your regular internet banking account.
  • Payments conducted via GiroPay are anonymous and no sensitive data belonging to you as a user will be revealed in any way.

What are the disadvantages of using GiroPay?

  • Probably the biggest disadvantage of using GiroPay is that you will be charged a fee for each transaction you make. These fees differ from bank to bank and obviously depend on what the bank you’re signed up to usually charge (normally charges vary between 0.9% and 1.2%, plus € 0.08 per transaction).
  • Another disadvantage is that GiroPay is only available for German and Austrian players. However, the German and Austrian banks affiliated to GiroPay are striving to expand the possibilities to use the system for transnational payments too.

The Best Online Casinos that accept GiroPay

As aforementioned, GiroPay can be found in most online casinos which accept German and Austrian players as it is primarily available to players of these nationalities. To find out which casinos support GiroPay deposits and withdrawals have a look at our inimitable CasinoTop10 top list where you’ll find plenty of well-reputed GiroPay Casinos to choose from as well as their respective casino reviews.

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