GiroPay is an online payment system established in 2005. It executes around 16% of online transactions made by German residents. GiroPay allows players in online casinos to transfer funds safely between the casinos and their bank accounts. Right now, more than 1,500 banks support the GiroPay system, and it’s available to more than 40 million Austrian and German users.
Depositing and withdrawing with GiroPay can be done quickly. Depositing happens when the players sign up at a GiroPay online casino and pick the method as a funding option of choice. Then the player has to type in an amount to deposit and select their bank. Once they choose the bank, they’ll be redirected to an online banking login page, and they have to put in their account number and the PIN code.
The bank then sends a TAN (Transaction Authentication Number) that can be used for transaction confirmation. Once the code is in, the bank starts to authorize the payment and sends all funds to the casino balance with the payment confirmation.
You can check if your online casino supports withdrawing with GiroPay. The withdrawal process happens the same way.