Online Casino Payment Methods : Giropay
If you’re interested in online gambling for the chance to win real money, you will have a variety of casino payment options with which to fund your new account. This article will provide all the information you need to deposit money at your online casino with Giropay, including how it works and the pros and cons of using the Giropay service.
What is Giropay?
Giropay was launched in 2006 and quickly established itself as one of the most popular payment methods used online in both Germany and Austria. Acting as a middle-man for over 17 millions customers it was developed specifically for customers with German bank accounts. Giropay allows you to make fast, direct money transfers from your German online banking account without having to share your banking details with third parties.
Transfers are made in real time so you can start wagering straight away, although when it comes to depositing funds with UK casinos, you should be aware that Giropay can only transfer money in Euros. Payments up to 5000 EUR are guaranteed, but you have no chargeback right like you would with a credit card. Also, Giropay only facilitates one-way transfers meaning you’ll need to find another way to withdraw your winnings.
New Giropay Casinos
If you’d like to gamble at a casino that Giropay is accepted at, then check out our list of new Giropay online casinos below. Read our casino review before you visit!
Why Use Giropay to Deposit at Online Casino Sites?
Online casino players that have access to Giropay will often choose to make online casino payments in this manner due to the speed, convenience and security it offers.
Transfers in real time mean that you can start gambling on your favourite sports, slots, or classic casino games such as roulette, blackjack, and poker, immediately. The high 5,000 EUR limit also means that you can benefit from a big first deposit bonus if you select a Giropay online casino that offers a good welcome bonus.
New players also enjoy the anonymity offered by using Giropay online, as well as the fact that you don’t have to disclose your banking details in order to send money.
Giropay Average Withdrawal Limit and Payout Time
Unfortunately Giropay cannot be used for withdrawals, so you’ll need to establish another way for you to collect your winnings. You should check that you’re able to accept your payouts via another method before signing up.
How Do I Pay at Online Casinos Using Giropay?
If you have a German bank account that is linked up with Giropay then making a deposit into your online casino gambling account is as easy as online banking. Simply head over to the banking or cashier section of the casino’s website, enter the amount you want to transfer and select Giropay as your preferred method.
You’ll be redirected to your online banking page to complete the transaction and any payments over 30 EUR usually need to be authorised with a TAN code as an extra security measure.
Are There Any Fees Attached to Giropay at Online Casino Sites?
Generally speaking, your online casino won’t charge you for choosing Girpoay as your preferred payment method. However, there are some fees for using the Giropay service that you should be aware of. Firstly there is a 0.08 EUR transaction fee and then depending on your bank and the amount transferred, there will be an additional 0.9 – 1.2% charged on top of that.
We recommend that you check with your bank to learn more about your specific charges before choosing this method.
Looking for fun and exciting slots? Choose from the newest and best slots from all your favorite slot providers including Microgaming, NetEnt, and Betsoft, where you can use Giropay to fund your games.
Find New Slot Games
Many people choose to use Giropay online over other payment options due to the level of security offered. Not only does Giropay use two-factor authentication (PIN and TAN codes), but also when you use Giropay, you never have to give out your banking details to a third party. All transactions are carried out directly with your bank which means that all of your sensitive information, such as your personal account information, PIN and TAN codes, stay between you and your bank.
Giropay also uses the latest SSL encryption to protect transactions from fraud.
Mobile Casinos Using Giropay
If you’re looking for an online casino that offers a great mobile interface for gaming on the move, then check out our recommended list of Mobile casinos accepting payments via Giropay.
Recap of the Advantages and Disadvantages of Giropay
- ✔ Prepaid card offers complete anonymity
- ✔ Almost instant payments
- ✔ Widely accepted for payments and withdrawals
- ✔ Zero liability cover protects you against fraud
- ✔ Usually no fees unless you’re playing offshore
- ❌ Sometimes have fees attached to prepaid cards
- ❌ Banking details must be shared
Welcome Bonus Available Using Giropay
New players can enjoy some fantastic bonuses for depositing funds at these online casinos. Choose between extra spins, a deposit bonus, or both, as a welcome bonus for joining!
What is Giropay?
Giropay is an online payment solution that acts as a middle-man between your bank and your favorite online casino. It allows you to transfer funds in real time, directly from your bank account into your online casino account without disclosing any personal details.
When was Giropay Created?
Giropay has been available to most German bank account holders since 2006.
How to use Giropay to Deposit?
After you’ve selected Giropay as your preferred payment method, you’ll be redirected to your online banking page so it will work the same as any other online banking transaction that you make, requiring your PIN and TAN codes for authorization.
Is Giropay Secure?
Giropay is considered to be an extremely safe way to fund your online casino account as you never have to share your personal account details with the third party. All transactions are carried out via your bank’s website in a new window and require two-step authentification.
What is the Payout Time Using Giropay?
Payouts cannot be accepted via Giropay therefore payout time is not applicable.