Giropay Casinos 2015

giropay casinosGiropay is most popular with German and Austrian (who the service is primarily aimed for) residents and works as a middleman between the player and the online merchant. Transactions using Giropay are safe, instant and players are 100% anonymous. Giropay can be used to deposit at several online casinos.

Casinos that Accept Giropay Deposits and Withdrawals:

Rank Casino US Rating Sign Up Bonus Review
1 Ladbrokes 4.3/5 100% up to £500 Visit Site
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2 Casino Luck 4.3/5 100% up to £150 Visit Site
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3 Royal Panda Casino 4.2/5 100% up to $100 Visit Site
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4 888Casino 4.2/5 100% up to £200 Visit Site
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5 SCasino 4.2/5 115% up to €400 Visit Site
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6 EuroGrand 4.1/5 300% up to €1,000 Visit Site
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7 Vernons Casino 3.9/5 100% up to £200 Visit Site
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What is Giropay?

Giropay is very much like POLi and iDeal in that it’s an online banking payment system, the biggest difference is that it allows its users to withdraw from online casinos.

It was introduced in 2006 by a number of German banks and several established credit unions. Today more than 17 million people use the Giropay service which works with over 1,500 banks within Germany and Austria. On average Giropay takes in just over a million payments per month.

It is currently Germany’s second most used payment processer in the world, the first being Überweisung.

How does Giropay work?

Giropay works in the same way as other direct online banking systems. When it comes to cashing out or depositing you will be redirected to your bank’s Internet banking page and asked to login. Your bank will then send a Transaction Authentication Number (TAN code) which you must use to confirm your transaction.

Next the bank will instantly deduct the amount from your bank account and make the transfer instantly.

After the payment has been made, you are redirected to the merchant’s site confirming your payment.

The TAN is sent in real-time via email or to your mobile phone, ensuring nobody else can make transactions on your behalf using Giropay. For each transaction no financial data is exposed to the recipient.

Giropay provides all its members with a guarantee up to €5,000. However, once a deposit has been made it cannot be undone.

Depositing at online casinos using Giropay

You will first need to find an online casinos that allows players to deposit using Giropay. Every casino listed in this article allows you to do that.

Next select the amount you wish to deposit and you will be directed to your bank’s Internet banking page. Once you receive your TAN code and confirm the transaction, the money will be sitting in your online account instantly.

Online casinos charge no fees when you use the Giropay payment method to deposit.

Withdrawing at online casinos using Giropay

Unlike all the other online direct banking methods, Giropay actually allows you to withdraw your money from online casinos. You withdraw in the same way as you deposit except this time you will not receive a TAN code.

Once again, online casinos do not charge you for using the Giropay to withdraw either.

Pros and cons to using Giropay

Pros include:
Safety – Giropay uses a 2-tier authentication process making every transaction you make using Giropay 100% secure.

Instant payments – All payments are made instantly upon receiving your TAN code.

No registration – Giropay doesn’t need anybody to register to their website to use the service. All you need is to belong to one of the 1,500 banks that are partnered with Giropay.

Privacy – Giropay service does not share your name, address, age or any other personal information with online casinos.

Withdrawals – You can withdraw using Giropay!

Cons include:

Fees – Bear in mind that while online casinos don’t charge you a fee for depositing using Giropay, the payment processer does. Fees vary from 0.9%-1.2% depending on your bank, along with an €0.08 transaction fee.

Country specific – Only residents of Germany and Austria can take advantage of all the features Giropay has to offer. Giropay have stated that they do plan to expand their services to the rest of Europe.

Summary  

Giropay is so awesome that it makes us want to move to Germany just to be able to use it. Their fees are still relatively small compared to most other direct online banking methods and they allow you to withdraw.

So the next question is where can you find Giropay friendly online casinos? Well every one listed in this article lets you deposit and withdraw using Giropay. Take your pick!

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