Online Casino Payments - Giropay

Using Giropay as a Casino Payment Method

What is Giropay?

Giropay is one of the most popular and one of the fastest casino payment providers in Europe. It is in most demand in Germany, the Netherlands, and Austria. Giropay is based on the TAN and PIN procedures of the actual home banking process. It stands for a highly secure and simple payment method for processing online money transactions. Read through our guide to find your best Giropay Casino, today!

Giropay has partnered with a number of German, Dutch, and Austrian banks in order to provide its services to casino players from these countries. All transactions use two standard banking elements – the PIN code that your bank has provided to you and the TAN (transaction number), which is used to identify that the transaction has taken place.

Merchants around Germany offer Giropay as an efficient ecommerce solution which guarantees payments of up to 5000 euros. Giropay is more efficient than simply using your bank account because it does not use the financial middleman to process transactions. The payment process begins the moment you enter a website and choose the item you want to purchase or the service you want to pay for. When a consumer chooses Giropay as their preferred method of payment, they will be asked to enter a BIC code, and follow the rest of the steps.

For example, when players decide to fund their online casino accounts, all they need to do is choose Giropay as their preferred payment method and after that, they will get redirected to the official website page of their chosen bank. When the transaction info is obtained, the players just need to provide their PIN and account number and that’s it. The amount of money they have selected will automatically get transferred to their online casino accounts.

About Giropay

Giropay was established in 2006 and is the result of collaboration between more than 1300 banks in Germany, which is more than 75% of the German market. Giropay can be defined as an online banking system that works in real-time and is pretty similar to the iDEAL payment method which has gained popularity primarily in the Netherlands.

This system’s biggest advantage is its simplicity. It can be integrated into an online casino or any other merchant’s website in a matter of hours. That is why it has become so popular so fast. The only possible downside of Giropay is that your bank account needs to be connected with Giropay. However, this isn’t a problem in Germany at all, since almost all banks offer Giropay as part of their package. Because Giropay uses banks’ transaction processor, users do not need to register, which makes everything even easier for them. Moreover, Buckaroo, a payment engine in the Netherlands, included Giropay as one of the payment methods in online services in the Netherlands in 2008. Dutch consumers can now use a secure 128 bits  SSL connection.

For the consumers, Giropay is just as convenient as processing money transfers using their bank’s online services. The security of your money transfers with Giropay depends on the bank you use and their security protocol, whether it uses a two-factor authentication, a PIN, or a TAN system.

For example, when a player uses Giropay to deposit or withdraw money to or from their online casino account, the credit card number or the Giropay account number is not visible to the casino holders. However, when processing funds using Giropay, you do not have the option to request refunds, which is another drawback.

Top 10 Giropay Casinos

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100

Bonus: Welcome Bonus package worth up to €1,500 + 100 Bonus spins. 18+. New Players only.

Min. Deposit: €20

W.R: 35x

Cashable: Yes

99

Bonus: Welcome package up to £1,000 + 100 Bonus Spins. 18+. New players only. Bonus: 1st deposit 100% up to £300 + 30 bonus spins (Reactoonz™), 2nd deposit 50% up to £500 + 50 bonus spins (Book of Dead™), 3rd deposit 25% up to £200 + 20 bonus spins (Legacy of Egypt™). Spins on specified games only. Bonus money is separate to Cash funds & subject to 35x wagering requirement. £5 bonus max. bet. Bonus must be used within 30 days, spins within 10 days, otherwise any unused will be removed. Only bonus funds contribute towards wagering requirements. Full T&C's apply.

Min. Deposit: £10

W.R: 35x

Cashable: No

96

Bonus: 100% up to £300+ 300 Free Spins on pre-selected games. 18+. New Players only. T&Cs apply.

Min. Deposit: £10

Max. Cashout: £100

W.R: 40x

Cashable: Yes

95

Bonus: 100% bonus up to £300 + 100 bonus spins

Min. Deposit: £20

W.R: 45x

Cashable: Yes

93

Bonus: Welcome Bonus package worth up to €3,000 + 100 Bonus spins. 18+. New Players only. Certain offers not available to UK players.

Min. Deposit: €20

W.R: 35x

Cashable: Yes

92

Bonus: 200% bonus up to €800 + 200 Bonus spins. 18+. New players only. Certain offers not available to UK players.

Min. Deposit: €20

W.R: 35x

Cashable: Yes

91

Bonus: 150% Welcome Bonus package up to €100 + 45 Free Spins on Hansel & Gretel

Min. Deposit: €20

Max. Cashout: €100

W.R: 30x

Cashable: Yes

90

Bonus: Welcome Bonus package worth up to £500 + 150 Bonus spins selected games. 18+. New costumers only. To be eligible to claim each stage of the Welcome bonus, players must deposit a minimum of £10 for each of the three deposit matches. Full T&C's apply.

Min. Deposit: £10

W.R: 30x

Cashable: Yes

90

Bonus: 100% bonus up to €1,500

Min. Deposit: €20

W.R: 33x

Cashable: Yes

90

Bonus: 100% up to €100 + 100 Bonus Spins. 18+. New players only. 100% Match on 1st Deposit. Min deposit €10, max bonus €100 & 100 spins. 30x wagering (Dep + Bonus), 30x on spins, 4x conversion. Selected slots only. Full T&C’s apply.

Min. Deposit: €10

W.R: 30x

Cashable: Yes

Using Giropay in the virtual world

Giropay is the most popular online payment method in Germany. Therefore, it is very easy to use it in the virtual world on a huge number of websites. Merchants from different branches offer Giropay as part of their payment methods in order to attract as many customers as possible.

All that you need to do when using Giropay is to select this payment method when you are ready to pay for the services or the product you are buying and follow the instructions once you get redirected to the Giropay’s official page.

Using Giropay in iGaming and Online Casino

If you live in Germany, the Netherlands, or Austria, you can use Giropay very conveniently in all online casinos in these countries. The procedure is pretty much the same as with any other merchant. You need to have your Giropay account connected to your bank account and then select it from the drop bar on the casino’s payment page. Depositing or withdrawing money is often considered riskier than other types of transactions, so it is good to know that Giropay is one of the safest payment methods that you can use online. Find an online casino allowing you to deposit via POLi right away with the help of HitCasinoBonus!

Funding your player account with Giropay

The first thing that you need to do in order to use Giropay is to register and verify your bank account with the online casino in question. After that, you can go to the ‘deposit’ section of the website and you should automatically see the Giropay logo there, or you might need to select it from a number of options. When you choose the amount, you will have to go to your bank’s online page and confirm your details. There shouldn’t be any fees associated with Giropay when funding your account. Find a big welcome deposit bonus and get started, today!

Cashing out with your Giropay account

Unfortunately, it is not possible to withdraw funds from your casino account to your Giropay account. However, since Giropay is directly linked to your bank account, you can easily withdraw money to your bank account. So, in this case, the procedure of withdrawing the money from your online casino account is pretty much the same as when depositing. The only difference is that you need to enter your bank account details first and follow instructions from there.

Giropay Pros and Cons

Giropay has some very desirable features when it comes to online casino accounts. First of all, it is a completely safe and secure payment method, much more so than when you are just using your bank account. Moreover, it allows you to process transactions right away, without having to wait for hours or even days to make a deposit.

It is very simple to use since you do not need to create a native Giropay account, all you need is a bank account. Furthermore, Giropay protects your private information, which is very important to many online players. If you use Giropay as your preferred payment method, the casino charges will not show up in your bank account balance, so there is no trace that you are using services of online casinos or any other merchants.

One notable disadvantage of Giropay is that it is only available in three countries in Europe – Germany, the Netherlands, and Austria. So, you’re out of luck if you live in some other country. Another disadvantage is that if you want to use Giropay you need to have an account in with a bank that is affiliated with it. On the other hand, most German banks are affiliated with Giropay, so this shouldn’t be much of a problem.

Finally, transferring money using Giropay means that you will have to pay a fee every time. Even if the casino does not charge any fees, Giropay always does. However, these fees are not very high, so you should still consider Giropay as your preferred payment option.

Read our guides on all other most commonly used casino payment methods. We’ve gone through their requirements on deposits and withdraws, how to best make use of them, and their pros and cons; choose your guide below and become a better player, today!

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