In Germany, the payment system is in second place by the number of processed transactions per month. The multi-million customer base also makes it impossible to consider GiroPay an outstander in the online payment market. The payment system is designed to facilitate bank account transactions and speed up payments for goods and services.
The casinos willingly cooperate with the payment system, so GiroPay is also suitable for depositing funds into an account. The system was founded in 2005, but the first transactions were processed in 2006. The target audience is Germany and Austria, and the number of registered customers in both countries exceeds 17 million people.
Since 2014, GiroPay and the Austrian payment system Online-Überweisung have been compatible. The total number of clients of both systems exceeds 40 million people. Basically, every person who has a bank account at a partner bank can use GiroPay services.
More than 1500 banks are partners of the payment system, so in the EU there is no problem to pay for purchases in the network. Outside the EU, GiroPay is rarely used, as you need to have an account with a European bank, so outside the EU people prefer to use other options.
As for the operation itself, GiroPay provides comfortable management of your own bank account. You can transfer money online for goods and services, and the money goes to the merchant instantly. As a result, you get reliability, bank security and speed of electronic payment systems. The only inconvenience is the limit of CA$5,000, but for most it will be enough. It is unlikely that you contribute such sums to the casino.
When it comes to finding the best casinos online in Canada, there are a few things to consider. One of the most important is payment methods. After all, you want to be sure that you can deposit and withdraw funds quickly and easily. That's where GiroPay comes in.
GiroPay is one of the leading online payment providers in Europe. And, luckily for Canadian casino players, it's also available here. Using GiroPay is easy. Simply head to the website and enter your bank details. From there, you'll be able to transfer funds to and from your casino account with ease.
But which casinos accept GiroPay? Well, there are plenty to choose from. But our top picks are Jackpot City, Spin Palace, and Ruby Fortune. All three offer an excellent selection of games, bonuses, and features. Plus, they're all highly rated by players just like you. So why not give them a try today? You won't be disappointed!
How to deposit and withdraw from Giropay?
The procedure is actually as follows:
- Casinos usually offer Giropay as a payment method, often in addition to the usual credit card payment methods;
- The player chooses Giropay and selects his bank;
- The player is redirected to the login page of his bank;
- The participating bank will display the details of the transaction;
- The player enters their account number, PIN and one of the following:
- The player is sent a payment order to confirm the transaction, which contains a TAN (transaction number);
- The player enters that number to confirm the transaction. Or the player digitally signs the transaction with a 2FA token (if his bank offers this service).
- The bank approves the transaction in real time and deducts the amount directly from the player's account (if the balance is insufficient, the transaction will be rejected);
- The casino receives a payment confirmation from the bank in real time;
- The player is redirected back to the merchant's page with confirmation that the payment was successful.
Key Features Of Giropay Payment System
GiroPay is not a full-fledged payment system in the full sense of the word. Rather, it is a kind of intermediary between the user and the goods/services he is paying for.
- It is not enough just to register in the casino and in the payment system - you must have an account or a card in one of the bank-partners of the operator;
- When paying for the service is redirected to the bank site, after which the user must confirm payment with a TAN-key, which is generated anew each time;
- The seller/service provider receives notification of receipt of funds and provides the service/good to the user;
- No additional software is required to use the GiroPay system.
Advantages and Disadvantages
Pros
- Fast receipt of payment to the casino account;
- A huge number of partner banks;
- Exclusion of risk - the bank provides a guarantee of up to C$5,000;
- No additional commissions are charged for refunds;
- Reliability and security of transactions - SSL-encryption protocols are used for information exchange.
Cons
- Our players, as a rule, rarely choose casinos with GiroPay, because it is required to have an account with a European bank. But this can still boast not everyone;
- The second disadvantage is that the operator's interface is only in German. There is not even an English version;
- The third disadvantage is the absence of the option of transfers between users of the system.
If you have a European bank account, GiroPay is for you. In other cases, you may have to refuse using it.
Comparison Of Giropay And Bank Wire Transfer Payment Methods
Let's compare this payment method with another one, such as a bank transfer, to see how big the differences between the two methods are. Take a look at the table in which we compare the same parameters:
| Comparison parameter | GiroPay system | Wire transfer |
|---|---|---|
| Transaction speed | High | Low |
| Ability to enter only some payment data | Present | Not available |
| No transaction fee | Available | Available |
| Data security assurance | Guaranteed | Guaranteed |
How You Make Deposit And Which Casinos Support Giropay
To deposit money in the casino is as follows:
- Choose the appropriate deposit method;
- Enter the amount, click on "Pay".
Now the bank must check whether you are really making the payment. Most often the verification is done via SMS message. By entering a code from SMS you confirm the payment and the bank sends the money to the merchant's details. Unlike a regular bank transfer, you do not have to wait for several working days, everything happens almost instantly.
So GiroPay acts as an intermediary between you and your bank account.
As for the popularity of this method, GiroPay supports several dozen online casinos. You can see for yourself - on the right side of the page in the filter section of the deposit method select the option GiroPay. The results show 41 casinos. If this method is not on the site, ask tech support, in some casinos for some reason it simply is not displayed in the list of available methods.
While Giropay remains a widely used payment method, in Canada, there is a growing preference for alternative options, with eCheck casinos emerging as a more favored choice among players.
Security And Privacy Of Personal Information
Payments take place in a secure online banking environment, which means that sensitive information such as your bank account number and PIN is shared only with your bank. Giropay uses high security standards typical of German banks, including 256-bit AES encryption.
The provider applies high standards of protection and security to bank data. Money transfers are made through your own bank's secure online banking environment, which means that your personal information is fully protected. Giropay will never ask you for sensitive information such as PIN, TAN, or bank details, nor will it require you to install additional software or download an application. All transaction pages contain a URL beginning with "https", which means that the company uses SSL encryption with extended validation certificates.
To pay via Giropay there is no need to go through any additional registration procedures and to get new PIN codes and/or passwords; you only need the PIN and TAN to access online banking. The process is the same on desktop and mobile devices: select your bank and enter your bank details in the secure online banking environment, then enter the code sent by SMS or generated by the secure board. After proceeding to the confirmation page, you will be redirected back to the merchant's website. If you transfer an amount up to 30 euros, the system usually doesn't even require you to enter TAN. which makes payment even more convenient, while maintaining high standards of security and privacy. Giropay usually supports all TAN procedures used by banks, including iTAN, mobileTAN, smartTAN, smart TAN-plus and chipTAN.
Transfer forms are pre-filled with all merchant payment information so you don't have to enter it yourself. Potential and existing customers who need help can use the list of frequently asked questions available on the provider's website or contact their customer service team directly. Inquiries can be submitted by filling out a web contact form or by calling them between 8 a.m. and 8 p.m. any day of the week.
Conclusion Of Giropay Payment System Review
GiroPay is a great system to work with your bank account, if you opened an account with a European bank, it is really convenient to work with it. You can buy goods, pay for services online, there are no restrictions on working with casinos either. The bank does not allow customers to send money to the casino account, but these details need to clarify the tech support. If there is no account in a European bank, then you can not use the system.
