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Giropay Casinos

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Find the best online casino accepting Giropay payments.

A German online payment service with an e-wallet interface, Giropay acts as a mediator between a retail platform and the bank account of its user. It is a convenient payment method for online casino players and covers over 1,500 banks and financial institutions. Owing to its growing popularity, an increasing number of casino websites are integrating this payment processor for their users.

Let’s explore in more detail the best Giropay casinos online.

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Best Giropay Casinos Online

About Giropay

Most public sector banks and a limited number of private sector banks in Germany participate in this payment service. Giropay’s major participating bank is Deutsche Postbank. It is a retail banking division of Deutsche Bank, which was formed as a result of the de-merger of Deutsche Bundespost’s postal savings division in 1990.

Unlike many other European payment services that cover the major countries of the continent, Giropay focuses only on Germany and Austria. Players based in these countries can use this payment method for hassle-free, secure transactions on the casino sites. If you’re based in Germany or Austria, you can use this payment service without downloading any app or registering online.

Giropay started its operations in 2006, when it was established as a German payment processor. It is quite similar to the popular digital payment systems such as MyBank, iDEAL, and Interac. Until December 2020, this German payment system was owned by Giropay GmbH before being acquired by ‘paydirekt’. Giropay, paydirekt, and Kwitt are now in the process of a merger, which began in May 2021.

This German payment system also offers merchants a virtually risk-free and real-time payment method for accepting online payments. Its individual customers also enjoy the same environment as the online banking sites of their banks. A merchant who offers Giropay as a payment method may also provide other payment options, such as credit cards.

To use this payment method, you need to select Giropay and your bank, which must be any of the participating banks. The level of online security would depend on the participating bank you’ve chosen. Some use the simple online banking services based on PIN and TAN. A few others use two-factor authentication for greater online security.

Pros and Cons of using Giropay in online casinos

Giropay can be an easy-to-use payment method for your online casino transactions if you have an account with any of its participating banks. It also ensures safe and secure online transactions while making your deposits. Some online casinos offer attractive bonuses for players who use Giropay as their preferred payment method.

These bonuses include deposit bonuses, free spins, and promotional offers. The only aspect of these casinos that players need to be aware of are the wagering requirements. You’ll need to fulfill these requirements before cashing out your winnings.

Pros:

  • You can make instant deposits using this payment method
  • For using Giropay, an account in a participating bank is all you’ll need
  • This payment system ensures greater safety and security of your transactions
  • You can deposit funds into your online casino account anonymously

Cons:

  • Giropay is available only for players based in Germany and Austria
  • Euro is the only accepted currency
  • Some casinos won’t allow withdrawals using Giropay

How does Giropay compare to other payment methods?

Giropay is only available for users who have an account with one of its German or Austrian participating banks. Euro is the only currency supported by this payment method. It is based on online inter-banking, which facilitates instant payments and transfers. This online payment system facilitates faster processing of transactions compared to bank transfers and credit or debit cards.

While e-wallets also provide easy and fast processing of transactions, some of them charge higher transaction fees. You also need to go through a sign-up process to start using them, which is not required in case of Giropay. You can also deposit money into your online casino account anonymously with this payment method.

Fast and anonymous transactions are also possible with prepaid vouchers. However, you’ll need to be extremely careful with them. If you lose these vouchers, you’ll not be able to get them back. Cryptocurrencies can be a good alternative, but the fluctuations in their prices can affect your winnings.

Giropay Fees

As Giropay is connected to your account in one of its participating banks, you’ll usually have no transaction limits. It covers about 60 percent of all commercial bank accounts and nearly 17 million online banking customers in Germany. Many German and Austrian online gambling enthusiasts prefer this payment method for its convenience and security.

The deposits made using Giropay are processed instantly, giving the players the best casino gaming experiences. It may take some time for the amount to reflect in your account depending on the participating bank you’ve chosen. You’ll also be charged a fee for every transaction, which can be a concern with this payment method.

The standard fees charged by the bank would apply to all the transactions. The fees charged usually range from 0.9 to 1.2 percent. An additional amount of €0.08 is also charged per transaction. You’ll need to check with your bank for details on the transaction fees.

How to use Giropay for deposits

Before using Giropay, you’ll need to confirm that you have an account with one of its participating banks. You can visit the official website of this payment system to see if your bank is eligible for using this service. Once you’ve confirmed the eligibility of your bank, you can use Giropay to deposit funds into your online casino account.

The first step is to log in to your casino account. Once you’re logged in on the website, navigate to the cashier, banking, or payments section. Enter the amount you wish to deposit and choose Giropay as your preferred payment method. Next, enter the required banking information. To complete the process, you’ll be redirected to your bank’s online portal.

The amount will be reflected in your online casino account instantly. It may also take longer, depending on your bank. Once your account is loaded with the deposited amount, you can begin playing your favorite online casino games.

How to use Giropay for withdrawals

Not all casinos allow withdrawals using Giropay. This is why you’ll need to check if your online casino allows the use of this payment method for withdrawing your winnings. You’ll also need to check if there are any limits on the withdrawal amount. While using this payment system for withdrawals, you only need to follow the on-screen instructions.

The withdrawal process is quite simple, just like the process of depositing money into your online casino account. You’ll need to log in to your online casino account to begin the process of withdrawing your winnings. Next, choose ‘Giropay’ as your preferred method for withdrawal.

Enter the amount you want to withdraw. The next step would be to confirm the withdrawal in the box that pops up on the screen. Click the ‘submit’ button for the transaction to be processed. The processing time of the transaction and the fees charged will depend on your bank.

How secure is Giropay?

Many German and Austrian players choose Giropay as their payment method in online casinos because of its online security features. It doesn’t require them to provide their sensitive personal and financial data online during the transactions. This provides greater anonymity to your transactions, which is essential to prevent the instances of hacking and ransomware attacks.

You’re not required to sign up and create an account for using Giropay. This also plays an important role in ensuring greater data security. Additionally, only you can access the sensitive information such as the PIN and TAN codes. No sensitive information is shared with the merchant using this payment service.

Giropay incorporates the latest SSL encryption technology to protect its customers’ accounts. Additionally, if you have an account with any of its participating German banks using two-factor authentication, it will ensure an extra security layer.