The GiroPay is the German online banking system founded in 2006. To use this payment method in your favorite gambling place, just choose the GiroPay as a chosen payment method and then create and finish an account on the official Giro website. Gamers will be transferred to the other page to choose a bank and fill some basic payment fields.
After this process is finished, funds will be transferred instantly into casino account. The maximum amount that can be transferred using the GiroPay method is 5000€. The only downside is that bettors cannot cancel this depositing process. Withdrawing cash works in the same way like when depositing money. Players need to type the amount of cash that they want to withdraw and cash will be available in a bank account in no time.
Benefits for Using the GiroPay
Most of the online casinos have this payment method in their offer because of many advantages it provides to bettors:
- The GiroPay is safe and easy to use. The gambler doesn’t have to worry about the safety because it is protected with one of the best safety systems which guarantee that gambler’s private data will be safe.
- Players don’t have to finish any additional third party registration process.
- Transactions are made in the minimum time period, allowing gamblers to use the money for betting instantly.
Before a player decides to use the GiroPay payment method at his/her favorite online casino platform, he/she should carefully read all the terms and limitations first. In some countries, this option is not allowed. Only bettors who are above 18 years old or more can use this real money method. One of the biggest disadvantages of this option is a transaction fee. It all depends from bank to bank, but it usually varies from 0.9%-1.2%, plus the additional 0.08€ per transaction.
Another big limitation related to this payment system is the area restriction. Only bettors from Germany and Austria are allowed to use it. The minimum amount of cash that can be infused into the casino account using the GiroPay option is 10€, and if a player wants to withdraw the money, the minimum amount is 5€. The maximum cash value that can be pulled from the account is 10 000€, and the same top limit is for depositing cash. Depositing cash is instant, and the withdrawal process can last between 5 and 10 working days.