Using Giropay for real money casino deposits

Giropay is a secure online payment service available exclusively to players from Germany and Austria. We explain more about the Giropay system, how it works and how you can use Giropay to fund your online casino account with real money at the best casino sites on the Web.

How does Giropay work?

Giropay is a secure online payment processing facility that enables users to make safe online financial transactions without the need to reveal bank account details to the person they are paying.

In online casino terms, Giropay works as a middle man to transfer your money from your bank account to your online casino account, while keeping your payment information private from the casino vendor. Giropay works in conjunction with your usual online banking system, so payments are processed directly from your Internet banking account in real time, with funds available to play with instantly.

Ultimately, Giropay provides an extra layer of security for those who are wary about transferring their finances within an online casino cashier. It also allows you to make payments through the familiar portal of your online bank instead of exposing yourself to unknown payment systems or having to reveal your credit card information online.

How to get a Giropay account

Giropay is available exclusively to residents of Germany and Austria, and all you need to use it is a bank account with a compatible German bank – users do not need to sign up for an additional account with Giropay.

Most German cooperative banks are compatible with Giropay, however the number of participating banks from the private sector is limited. Given Giropay’s popularity, more German banks are signing up with this trusted service all the time. You can check if your bank will allow you to deposit with Giropay using the bank search tool at the official Giropay website. Giropay is supported by over 1,500 banks throughout Germany and Austria and has become the second more popular online payment method in the region. Over one million transactions are processed through Giropay each month.

How to fund an online casino account with Giropay

If you already have an Internet banking account with a compatible German or Austrian bank, all you need to do is sign up for an account with a trusted online casino site that accepts German/Austrian players and offers Giropay as a deposit option.

We recommend Jackpot City Casino, which offers both an instant-play and downloadable casino platform with hundreds of slots, table games and live dealer games available from leading software provider, Microgaming. We also like Mucho Vegas which is a vibrant online casino site that accepts Giropay along with a range of other globally trusted payment methods.

Once you’ve signed up for an online casino account, go to the casino’s cashier/deposit section and select Giropay from the list of available deposit options, where you will be prompted to select your bank from the list provided. You will be redirected to your usual banking login screen, and the payment details will be auto-filled on the casinos behalf. Enter the amount of money you want to transfer, along with your authorisation code which will be sent to you by Giropay and follow the prompts to complete the payment.

The money will automatically be deducted from your nominated bank account and transferred to your online casino account, ready for you to start playing your favourite online casino games for real money wagers.

Benefits of depositing to an online casino with Giropay

The standout feature of using Giropay for online casino deposits is the protection it offers. On top of the minimum of 128 Bit SSL (secure socket layer) digital encryption security offered by our recommended online casinos, all deposits made with Giropay will be protected by the stringent security measures used by your online banking provider. As you don’t need to sign up for an account with Giropay, your banking information is not stored on any additional system, nor within the online casino.

Also, unlike bank transfers done via wire transfer or teller assisted transfers which can take a few business days to process, deposits made using Giropay are processed on the spot so you get instant access to your funds.

Disadvantages of depositing with Giropay

Giropay is a free service to use, but it comes with processing fees which may be a deterrent for some players. Giropay charges the small transaction fee of €0.08 on all payments processed through its system, while your bank will also likely charge a small processing fee of between 0.9% and 1.2% of the size of your deposit.

While Giropay offers a great real money deposit option for eligible players, not many online casino vendors offer withdrawals via Giropay (although some do – always read the terms and conditions before signing up to make sure). If Giropay withdrawals aren’t available, you will need to select a safe payment alternative when it comes time to cash in your winnings.

While Giropay is only available to German and Austrian players with compatible online bank accounts, there are plenty of similar online payment systems available to players from other countries, like iDebit in Canada or Euteller in Finland. Check out our guide to the most commonly available deposit methods at online casinos for a full list of Giropay alternatives.

Looking for a safe online casino site that accepts payments using Giropay? Head to Mucho Vegas Casino where new players can take advantage of up to $1500 in matched deposit welcome bonuses.