All you need to know about Giropay casinos
Giropay is a private banking company and an online banking method available in Germany. The company was founded in 2005 and its online banking service has since expanded to be connected to over 1 500 German banks. Some of Giropays biggest customers include Lufthansa, Thai Airways and Deutsche Post.
Since it doesn't require any registration and is a secure method for instant transactions, Giropay casinos are a popular choice amongst German and Austrian gamblers. All you need in order to play at real money online casinos with Giropay is a German online banking account.
Finding a suitable online casino that takes Giropay
If you're looking for a suitable online casino, look no further than to my list of the best Giropay casinos. These sites offer a great variety of games from some of the best developers and are sure to suit most players' needs.
Most of the casino sites also offer a bonus when you deposit and play for real money for the first time. If you want to streamline your search, you can apply some filters by clicking the dropdown arrows on the filter categories. Once you've selected a filter, the list updates automatically. This is a good way to find specific types of Giropay casinos such as high roller casinos or mobile-friendly casinos.
How to use Giropay in online casinos
In order to use Giropay in online casinos, you'll need an online banking account as well as your corresponding credentials including PIN and TAN codes. In order to make a deposit to a Giropay casino, just follow the steps below.
- Navigate to the cashier section of your Giropay casino.
- Choose the deposit amount and select Giropay as the payment method.
- Log in with your bank account credentials including your PIN.
- If the deposit amount exceeds 30 EUR, you must verify the payment with a TAN code.
- The money will be transferred to your player account immediately.
Unfortunately, since it's a one-way payment method, it's not possible to make withdrawals with Giropay. The best Giropay casinos, however, will offer several ways for you to safely take out your winnings.
Note: If it's your first time playing at the casino, you might be eligible for a free welcome bonus during the sign-up process. This can be free spins, cash, or something else of value that'll boost your account when you're just starting out.
Advantages and disadvantages of Giropay and Giropay casinos
Many German players will already be familiar with Giropay and use it in online casinos since it's a secure and convenient option. As a player, you can use Giropay for free, however certain banks may charge a transfer fee.
Here are the main advantages and disadvantages of using Giropay at online casinos:
Advantages:
- Secure – Giropay is considered to be a highly secure online banking method. Apart from AES and TLS encryptions, Giropay utilizes PIN AND TAN codes to protect your data.
- Quick setup – There is no registration needed to use Giropay. All you have to do is sign up to an online casino and choose Giropay as your banking method.
- Anonymity – Your bank statement will read "Giropay" rather than show the name of the online casino you deposit money to.
- Integrity – Since Giropay uses a direct connection between you and your bank only, you never have to share any information with the online casino.
- 1 500+ banks - Giropay online banking is connected to almost all German banks.
- No fees – Giropay never charges you for deposits. However, your bank may take out a small transfer fee.
Disadvantages:
- Only available in Germany – While it's possible to use Giropay outside of Germany, you'll need a German bank account with online banking.
- Limited currencies – There aren't too many currency options other than EUR when using Giropay.
- Can't always make withdrawals – Even though there are no technical limitations, Giropay is mostly used for deposits. Depending on your casino, you might have to look into another banking method for withdrawals.
- No buyer protection – Giropay does not offer formal buyer protection. Instead, when making a transaction you'll get a proof of transfer and Giropay's customer support is always ready to assist should you have any issues with a vendor.
Alternatives to Giropay
One of the biggest downsides to Giropay casinos is that they're only available to German players or players with a German online banking account. If you're not able to use Giropay, there are some good alternatives out there that you can use.
For instance, MuchBetter casinos are a popular alternative for players in EEA and North America. Players in Scandinavia and the EU can also enjoy secure and quick payments at Trustly casinos. Similar to Giropay ID, Trustly uses e-identification that also speeds up the withdrawal processing time.
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