Introduction
Players across online casinos in Canada are faced with the tough decision of choosing a proper method to use due to the variety of methods offered; among them, an excellent option found across most Canadian-facing sites is Giropay. This is a solution enabling users to make secure online transfers of money, an intermediary service that makes online banking as seamless as possible for users. If interested in knowing how it works, stay with us as we’ll explore it. What is Giropay and why choose to use it as your online casino payment method?
About Giropay
Founded in 2005 in Germany, Giropay is a solution launched by PostBank, the Cooperative Financial Services Network and the German Savings Banks Group. At the time when it appeared, it solved the problem for many users, faced with difficulties when in need of making smooth online money transfers. The solution, therefore, appeared in times when users needed it the most, since it allowed them to make the safest and most convenient online transfers, as its creators developed secure, innovative verification tools, to make the entire transaction process as seamless as it gets.
With time, the solution established itself as a popular and convenient method across the German e-government and eCommerce sites, partnering with financial institutions and banks, 1,500 of them. It reached up to 85% of the national market, and during the decade it operated, it attracted over 45 million users, processing millions of transactions each month.
A decade in, in 2014, it partnered with another giant brand on the European market, offering similar services, called EPS-Überweisung, which was based in Austria. Its counterpart company was a huge success in the neighbouring country, so when the two partnered, they created a real boom in the European financial scene. They implemented interoperability of their two solutions and started offering users the chance to use them both via one single interface.
But, what makes Giropay special, compared to other solutions offering a similar service, is that you don’t have to create an account with it, but you can start using it right away after you access your bank account. Since it partnered with over 1,500 banks and financial institutions, you probably have an account with one of them, and your online banking profile is active. Assuming you do, you’re ready to just choose the solution as your method on the eCommerce site you joined and fill out the required fields to request a transaction via it. Since it is based on the well-known and tested direct online banking principle, it allows for seamless and above all, safest online transactions.
That’s why it managed to get its spot on the list of accepted methods across many online casinos, including those sites catering to Canadian players. You will see it everywhere, listed as one of the safest and most popular payment methods used by players. If you wish to know more about how to get started with it and use it, continue reading, as we’ll cover that next.
Getting Started with the Solution
As just mentioned, you don’t need to register any separate account to start using Giropay; you just need to have an active bank account with one of the 1,500 participating banks, and have your online banking profile up and running. Even if you don’t already have a bank account, opening one with any of the participating banks is incredibly easy; you just visit a branch and ask the bank employees to create one for you. While at the bank, ask for your online banking profile credentials, too, to be completely equipped with what you need to start transacting with Giropay.
To complete a transaction with it, though, you never need to step foot in your bank; the entire process is done online and in real-time. That’s actually the main perk you get when you decide to use it; usually, online banking transfers of money take days to be processed, but with this solution, they are processed in an instant. Plus, you save a lot of your precious time by not having to register an account with it and filling out numerous forms.
With this solution, in just a few taps or clicks on your device, you’ll have requested a transaction. The solution uses your bank’s secure online banking system and facilitates the transaction for you in a way that easily verifies it thanks to its innovative verification system, allowing for the money to be processed in real-time. Add to that the fact that the solution uses SSL encryption as an added layer of protection, and there you have it – the safest and most convenient solution compared to similar services.
The solution verifies and validates the transaction using PIN and TAN (Transaction Authorization Number) codes, which are provided by your bank, and each time you use its service, you need to provide these codes. That’s how the solution knows that you requested the transaction; as soon as these codes are provided by the user, the transaction is immediately processed.
Now that you know how easy it is to get started with, let’s see how you could use it across online casinos. We’ll go over the actual depositing and withdrawing processes next.
Depositing and Withdrawing
You just saw that the getting started procedure with the solution is as effortless as it gets. You don’t need to register an account with it, but you just need to go through a few easy steps to request a transaction with it. That’s precisely why it is accepted across the leading Canadian online casinos. Seriously, check most of the sites listed and reviewed here at CasinoReports.ca, and you’ll see that it is accepted across most if not all of them. Crazy Vegas, Casino Planet, Vegas Hero, and CasinoLuck certainly do accept it, so make sure you join the one that suits you most by creating an account with it to start using the solution.
To make a deposit with Giropay, you’d need to do the following:
- Head over to your online casino’s Deposits/Payment Methods page.
- Locate Giropay’s logo on the list of offered methods and press it.
- From the list of partnered banks, choose the bank you have an account with.
- Log into your online banking profile using your credentials.
- Specify the amount you wish to deposit on your casino balance.
- Enter the needed PIN and TAN and confirm the transaction.
- In a few seconds, the money will arrive in your casino balance.
It is important to mention here that, transactions of up to $/€30 do not require TAN code authorizations, but all above that amount do. So, in case you’re a low-roller that wishes to make smaller deposits, the depositing process would be even easier for you, since you’ll have one less code to remember and keep safe.
Regardless, as soon as the money reaches your balance, both you and your casino will be sent confirmations of the transaction, so that every party is informed of the transfer.
You can use Giropay for withdrawals, too, since the solution offers the functionality. The withdrawing procedure is basically similar but done in the opposite direction, with the casino sending your winnings safely to your bank account. Withdrawals with this solution are also super-quick, processed the instant the casino approves your request. That’s why this is a method preferred by many players for cashouts.
Applicable Fees
Giropay offers its services to its users completely free of charge. It sounds unbelievable, but it is true; for its exceptional third-party service, the solution charges nada. So, you can use it for as many transactions as you want, and you’ll never have to pay a cent.
Bear in mind, though, that your bank might charge fees for using its service. Usually, banks charge a 0.9-1.2% fee for management of the account plus a fixed $/€0.08 transaction fee when you’re using this service, but you’d need to contact your bank to find out whether these are the fees, and whether any other fees are charged when using this solution.
Accepted Currencies
Since this is a solution with the European market as its primary market, it goes without saying that the euro is the default currency, and basically the only currency transactions are processed in.
If you decided to use it as a Canadian player, you’d need to pay a conversion fee to convert your Canadian dollars to euros when transaction with the solution.
Coverage
Giropay was launched in Germany and to this day, it is popular the most there. Sure, it is also popular in Austria and other European countries, as well.
Thanks to the banks that offer its service, among which Sparkasse, the solution may be used by Canadian users. Sparkasse is available in Canada, for instance, so if you have an account with it, you might be able to use the solution. You’d need to choose it as your method in your chosen casino, and then select Sparkasse as your bank to try and make a transaction via the service.
Customer Support
While you can always get in touch with your bank in case you’re having some trouble with the transactions you made with Giropay, you should know that the solution offers Customer Service on its own. You can use the hotline number +49 (0) 69 24 75 38 2211 to contact its team members directly, or the on-site contact form. The Support team is available from 8 am to 10 pm on business days and until 6 pm on weekends and holidays. There’s also a FAQs page you could explore if you wished to know more about the solution.
Naturally, there’s another option: your chosen online casino’s Support. Casino Support teams are usually available via phone and on-site contact form, too, but also via email and Live Chat. So, get in touch with their agents as soon as possible and you’ll get the assistance you needed.
Conclusion
Giropay is certainly a solution offered across many Canadian online casinos, one incredibly popular among players, which allows for real-time online transfers of money. It is offered for both deposits and withdrawals and comes with no fees on its part. It offers Support via phone and on-site contact form and it is incredibly easy to use. So, the first chance you get, make sure you try it out to see how it would work for you.
FAQs
Do all banks allow for transactions without TAN authorization for amounts lower than $/€30?
Well, while most of them do, you better double-check with your bank to be certain whether that’s an option there. It is at the bank’s sole discretion to decide whether all transactions via the service require a TAN code or not. But anyways, this code is for your protection and security, so when needed, make sure you provide it.
When transacting with Giropay, will I need to share personal details with it?
No. Since you never have to register an account with it, you won’t be sharing any personal details with it. As long as you provide your TAN and PIN codes, you validate your identity.
Is anyone eligible to use Giropay?
In addition to having a bank account with one of the 1,500 participating banks, you must be, of course, 18 or older and have your online banking account set. Plus, you must have your TAN and PIN codes to verify your transactions.
Does the solution offer an official website I could explore?
Yes, sure. You can access this link to find out more about the solution, check out all the banks it has partnered with and other information you might want to know.
Is the website available in many languages?
As a matter of fact, no. The site is only available in German, but it is easily translatable via the Google Translate tool, so you’ll have no issue exploring it in Canadian English or French.
