Giropay Casino Payment Solution

Table of Contents

History
Giropay Updates
Pros and Cons
How to Use Giropay in Online Casinos
Regions
Payment Methods
Available Currencies
Main Benefits of Giropay
Player Experience
Transaction Limits
Customer Support
Security
Licenses
FAQ

History

Giropay was founded in 2006 as an initiative of Postbank, a retail banking division of Deutsche Bank. Its aim was straightforward but ambitious — to make online transactions not just secure but also efficient. Within a year from the service’s inception, Giropay users were responsible for over €100 million in online purchases. Fast forward to today, and the platform is orchestrating over a million transactions every month, catering to a robust customer base of 40 million users.

What sets Giropay apart in the iGaming sphere is the sheer simplicity and directness of its service. Unlike many other payment options, Giropay doesn’t require users to set up a special account. All you need is a bank account with a financial institution that collaborates with Giropay, making it exceedingly convenient for players to jump right into their favourite games.

Moreover, Giropay eliminates third-party involvement in transactions. Payments occur directly between the user and their bank, adding an extra layer of security and speeding up transaction times. This is a crucial advantage for online gamblers, who often require quick and secure ways to fund their accounts.

An additional layer of security is the Transaction Authentication Number (TAN), which is generated through a mobile app or via SMS at the time of the transaction. This feature instils confidence in players, especially when large sums are at stake in a high-risk gaming environment.

Giropay Updates

2023 — Giropay marks a milestone of 8 million active users.
2023 — Giropay marks a 35% increase in transaction volume.

2024 — Eventim.de starts offering digital girocard for their customers.
2024 — Giropay gets integrated with Esso Pay app to allow users to pay for gasoline at Esso’s stations.

Pros and Cons

Pros

Speedy payment settlement
Improved safety and security
Low fees
No registration necessary

Cons

Available in Germany and Austria only
No withdrawals

How to Use Giropay in Online Casinos

Here’s a concise, step-by-step guide on how to make a casino deposit using Giropay since that is the only form of casino payment Giropay supports.

Choose a Giropay online casino.
Complete the registration form with essential details to create your casino account.
Navigate to the Cashier or Banking section and click on “Deposit”.
From the list of payment methods, select Giropay and specify the deposit amount.
Input your bank account number and security code for verification. Alternatively, you can use your Giropay login details to verify the transaction or switch entirely to a Girocard debit card.
After verification, the casino will reroute you to Giropay’s secure payment portal.
Enter the necessary information, usually including a Transaction Authentication Number (TAN), and submit.

Regions

Giropay is a system predominantly designed for users from Germany and Austria through EPS transfer.

Payment Methods

Giropay directly sources funds from your banking accounts, including your savings account. The company also issues Girocard, Germany’s most popular debit card, with over 100 million cards issued.

Available Currencies

Giropay only works in Euros.

Main Benefits of Giropay

Giropay is one of the most popular bank transfer systems in Germany, offering numerous benefits to customers and merchants alike. Let’s see the most important ones.

Data Security

— Giropay is used as the middleman between online casinos and your banking details, so the users don’t have to input their sensitive information in the operator’s payment gateway and worry about who has access to your data.

Substantial Payment Limits

— Giropay guarantees a maximum transaction of EUR 10,000 with full and partial refunds, making it particularly interesting to high-rollers.

All Bonuses Available with Giropay

— Online casinos do not excludie Giropay from their promotional efforts like they do with Skrill and Neteller, allowing you to claim new and existing deposit bonuses by using Giropay.

Player Experience

Giropay is a staple in online casinos catering to German audiences who are greatly accustomed to using it. Provided you have funds in your bank account, the deposits are instantly deducted from your savings or regular bank account and are almost immediately visible in your casino balance.

Each transaction is confirmed with either your username and password, a functionality that has been added once Giropay became a part of the paydirekt Gmbh, or via TAN number, so you are certain that you are the only one using the funds. Casinos don’t usually charge fees for Giropay transactions, but the bank processing the funds might.

Ultimately, the fact that you don’t have to open an online account to use Giropay and that you don’t have to disclose sensitive data to operators make this payment method a fan favourite in the German speaking market.

Transaction Limits

Deposits	Up to EUR 10,000
Withdrawals	N/A

Customer Support

Giropay customer support is available Monday to Friday from 8:00 a.m. to 10:00 p.m. The agents are available from 10:00 a.m. to 6:00 p.m. on Saturdays, Sundays, and holidays. You can contact the agents by dialling +49 (0) 69 24 75 38 22 22 or by sending an email to service@giropay.de.

Security

Giropay is subject to German financial and data protection regulations, guaranteeing that sensitive personal data is exchanged exclusively between users and their banks. Advanced security measures like TAN ensure only the owner of a bank account can access the funds there and send them via Giropay.

Licenses

Giropay is a payment institution operated by paydirekt GmbH, with all necessary licenses from the German banking industry.

FAQ

Is Giropay widely accepted at online casinos?

Primarily in Germany and Austria, Giropay is becoming increasingly popular at numerous online casinos.

Do players need a separate Giropay account for casino deposits?

No, you can use your existing bank account if your bank collaborates with Giropay.

How quickly are Giropay transactions processed?

Giropay deposits are processed instantly and incur no additional costs for online casino players.

Are there deposit limits when using Giropay?

The maximum transaction limit set by Giropay is 200 EUR, but the specific limits can depend on the casino.

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