What is Giropay? Giropay Review

What is Giropay? Giropay Review
Giropay is an online payment method using online banking. It is simple, fast and safe. Giropay was jointly established by Postbank, Sparkassen-Finanzgruppe and Volksbanken-Raiffeisenbanken. Launched in February 2006 Founders Postbank, Sparkassen-Finanzgruppe and Volksbanken-Raiffeisenbanken Website https://www.giropay.de


Basic Situation

Covered countries: 80% German banks

Payment type: Online banking transfer

Trading restrictions: Unlimited

Supported currencies: EUR

Features

1. No margin or revolving margin;

2. Once the payment is successful, there will be no chargeback

3. Real-time transactions and simple operation process;

4. High usage rate among target groups

Giropay payment steps

Step 1: Select Giropay as the payment method on the website;

Step 2: Consumers log in to their Giropay account and only need to enter their account number and bank code;

Step 3: Giropay conducts online real-time transfer;

Step 4: Giropay confirms the transfer is complete;

Step 5: Return to your website and the transaction is complete!

develop

By May 2007, purchases had exceeded 100 million euros.

In 2008, the system processed 3.2 million transfers with a total transaction value of 185 million euros.

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