Page updated on 05.08.2019

Giropay Payments for Online Casino Deposits and Withdrawals

GiropayFounded by the Sparkassen-Finanzgruppe and the cooperative financial group and Postbank, Giropay is a fast, secure and innovative payments solution available to over 41 million customers with German and Austrian online bank accounts. They allow customers to make online payments over the Internet using a pc, tablet or smart phone - without registration! In fact, the only thing you do need is an online banking access personal identification number (PIN) and transaction number (TAN). There are over 1,500 banks and savings banks participating in the Giropay online payments system.

Pros:

  • transactions are fast and secure using a TAN, PIN and SSL encryption
  • less susceptible to fraud since there’s no need to enter credit card details
  • there are no fees
  • there is no need to register
  • winner of the eGovernment Computing Award in the category of e-Payment
  • allows more control over your spending since you cannot transfer more than is available in your bank account

Cons:

  • only available to customers with German and Austrian online bank accounts
  • it is not possible to make withdrawals from online casinos using this method

Online Casinos with Giropay Payments

Giropay is available in a number of online casinos. You can find our top picks here. These casinos have all been tested by us and they also have a great reputation with the players.

Casino Rating Highlights Links
Genesis Casino 9/10 ✓ fast payment processing times
✓ many promotions and tournaments
✓ over 1,300 games
Casino Gods 9/10 ✓ interesting game selection
✓ fair wagering requirements
✓ over 1,300 games
Casino Joy 9/10 ✓ 24h payment processing
✓ popular game providers
✓ over 1,300 games
Fun Casino 8.2/10 ✓ 24/7 customer support
✓ many interesting games
✓ around 700 games
No Bonus Casino 9/10 ✓ lifetime cashback bonus without wagering
✓ 24h customer support
✓ around 700 games
Sloty 9/10 ✓ good bonus conditions
✓ reliable operator
✓ over 1,300 games
Spinit 9/10 ✓ great game selection
✓ fast payments
✓ over 1,300 games
Vegas Hero 9/10 ✓ Fantastic VIP-Experience
✓ many interesting games providers
✓ over 1,300 games
Casino Cruise 9/10 ✓ fantastic game selection
✓ fair wagering requirements
✓ over 1,300 games
Mr Green 9.2/10 ✓ many promotions for casino, sports and live casino
✓ huge game selection from many developers
✓ 1,700 games
Dunder 7.6/10 ✓ games from many game providers
✓ withdrawals are processed very fast
✓ mobile casino is easy to use
✓ over 1,800 games

How Giropay works?

Similar to Sofort, Giropay is accessed from the user's familiar online bank. Customers use a PIN and TAN to confirm their transaction. Since the transaction is performed via the online banking website, you are assured that your level of security is as effective as the respective credit institution that you are using. There may be no need to use a TAN on transfers of €30 or less which makes transferring smaller deposits to your online casino player account even easier. Giropay verifies your bank balance and within moments sends the payment to your online casino player account. Your bank account is only debited once it has been processed at a later time.

Giropay deposits at casinos

Making a deposit using Giropay is easy. You need to go to the payment section of your online casino and specify Giropay as the deposit method. You also need to indicate how much you wish to deposit and enter the BIC and IBAN before logging into your online banking account. Your bank balance will be verified to ensure you have sufficient funds and assuming that all is in order the transfer will be made in a matter of moments.

Giropay withdrawals at casinos

Unfortunately, Giropay cannot be used to withdraw funds from your online casino player account so you&'ll have to consider another option such as a bank transfer which also means that it will take longer to withdraw your funds as this can take between three and five days.

Giropay fees

Giropay is absolutely free to use by the online player since the costs are borne by the online casino. While the casino may choose to pass on these costs to you the player, it is unlikely given the competition for players.

Is Giropay a safe and legit payment method?

The payment method Giropay is offered by the German company Giropay GmbH. What makes this payment method safe for the user is that transactions over €30 have to be confirmed with a bank transaction number and corresponding pin, so as long as you keep your banking information safe it can't be compromised through the company. The company safeguards their user's information and warrants not to disclose personal information to unauthorised third parties. Transactions are also secured through SSL, making them safe to use online. Since the company has been around since 2005, they have proven to be a serious and legit payment provider.

Summary

If you hold an Austrian or German online bank account, Giropay may be an excellent option for you to transfer funds into your online casino player account. This is because it is free, fast and safe and secure. The big drawback with this method of course, besides not being available to players in Britain, Canada, New Zealand or other countries, is that it is not possible to withdraw funds from your online player account meaning that you'll have to use another method such as a bank transfer which is relatively slow and expensive.

Mr Green
Mr Green

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