Giropay is German based internet payment company that helps complete payments directly from the consumer’s bank account. It’s almost like using a debit or credit card, bank wire or writing a check– but it’s all virtual. You’re given another way to make a payment if you don’t have these tools at your disposal (or the merchant doesn’t accept them).
There isn’t a whole lot to cover about this payment method. But for those that would like to use Giropay, you can use this page as a guide to get started. Below you can read more about what casinos use Giropay, how to make a deposit and the pros and cons of using them to fund your casino account.
Casinos and Software Providers That Accept Giropay
Here are some of the top casinos and software providers that accept Giropay.
- William Hill
- 888 Casino
- 32 Red Casino
- Roxy Palace
- Real Time Gaming
- Blueprint Software
One important thing to point out here– many casinos that accept Giropay do so going through Skrill. You’ll make your payment to Skrill, then turn around and fund your blackjack account. So that’s something to keep in mind when you’re shopping for casinos. Just because they don’t explicitly state that they accept Giropay, doesn’t mean you cannot find a way to use it to (eventually) fund your casino account.
How to Get Started with Giropay
There’s not a whole lot you can do with Giropay. Based on my research there is no account to create, or to fund. You just need to work with one of 1,500 banks that work with Giropay. When you go in to start an account, you can ask the representative if they work with Giropay. If not, then ask who does.
That said, I do recommend starting a Skrill / Moneybookers account. The reason why is because most (if not all) of the casinos I’ve come across that accept Giropay, only accept them through Skrill. And to do that you’ll need an account there.
So to create an account you’ll need to visit Skrill. Click the sign-up link, choose the account you want and fill out your details. This includes your name, address, country, phone, date of birth and email. Make sure your email matches all accounts, too, just to prevent delays or complications in making your deposit.
Once you’ve created your account you’ll want to check your email for a verification link/code. Just follow the instructions and you’ll be set.
How to Make Deposits and Withdrawals Using Giropay
Once you have your Skrill account set-up, you’ll be ready to make a deposit. Go to the cashier, choose Giropay and then you’ll be redirected to the Skrill website, and then to your bank account to complete the transaction. You may need to enter a TAN (Transaction Authentication Number), too, which will be emailed to you. (This is standard for Giropay.) Once the payment has been authorized your casino account should have the funds in it.
Keep in mind that Giropay cannot be used for withdrawals. However, you should be able to use your Skrill account.
Giropay doesn’t charge fees to consumers (only merchants).
However, using Skrill to use Giropay you’ll have a 1.5 percent fee. And if you withdraw to Skrill to withdraw to your bank account, you’ll have an 1.80 Euro fee. Given how quick that option is (compared to bank wires and paper checks), I think the fee is pretty low.
Advantages and Disadvantages
Like all deposit options there are pros and cons to using Giropay. I thought I’d share some of my thoughts here so that maybe you could decide if it’s a good solution for you.
Alterative to credit and debit cards, wires, e-wallets, etc. I think having a solution that allows you to make a payment directly from your bank account is neat. You don’t have to enter any numbers or sensitive details.
Low fees. You’ll use Skrill, which performs their service for less than 2 percent and 2 dollars. That’s hard to beat, especially by other e-wallets.
You’re using an e-wallet. E-wallets are fast, have low fees and can be used at more locations than just online casinos.
Seemingly unnecessary. If I understand the process well enough, and am not missing anything important like German players not being allowed to own debit cards, then using Giropay seems like a waste of time. Why would you use Giropay when nearly every online casino accepts Skrill? You have to use them anyway.
Not widely accepted. Few casinos accept Giropay.
Ultimately, based on my limited experience and research, I would think that Giropay is a waste of time. I think it would make more sense to use Giropay to fund your Skrill account, and then use that to play wherever you want. You’ll have more freedom as to where you play, as well as your limits and what you can do with your winnings once they’re back in your account. E-wallets are just more versatile. In fact, I’d skip Giropay altogether, if possible.