When it comes to online payment methods, Giropay is one of the most common ways to pay for goods and services. It is also one of the most popular deposit methods at German online casinos.
What is Giropay?
Giropay is a banking method that was established in Germany in 2006 by Postbank, a German savings bank, along with several banking institutions. The Giropay service combines the banking system of over 1,500 German and Austrian banks and covers more than 17 million customers.
The Giropay banking service enables more than one million payments each month in Germany alone, which makes it the second-biggest payment method in Germany. Making online payments with Giropay is based on the same principles as all other direct online banking methods and takes almost no time in processing transactions.
Using Giropay in Online Casinos
When either a German or Austrian players decides to sign up with an online casino, they have an option to choose Giropay as their preferred payment method in the casino’s deposit section.
The player is then redirected to a page where they choose a bank and fill out the online transaction form, approve the payment, and enter the TAN code, which is another great way to make sure the transaction as well as vital personal information is kept safe. The transaction is completed instantly and the funds are immediately available to play with.