Giropay is one of the most frequently utilized payments in Germany with over one million transactions taking place each month. It is considered as an ideal method for betting due to its simplicity and quickness as it basically acts as an intermediate between your bank account and the bookmaker. What has made it extremely popular among bettors is the fact that most betting sites in Germany, Austria and Switzerland allow depositing and withdrawing through Giro Pay. We will be looking on how you can use Giropay to place your bets online, which bookies will let you claim a welcome bonus and of course, view the very best bookmakers that accept GiroPay.
Top betting sites that accept Giropay
Giropay and betting in Germany go hand in hand, this is why the majority of German bookies usually accept it. There is also a large number of non-German bookies where you can also use Giropay to deposit and withdraw your funds immediately.
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Bookies that offer a welcome bonus with Giropay
Many German bookies will let you claim a sign-up offer through Giropay, as it is basically not different from depositing with your bank account. Betting sites like Bwin and Tipbet are prime examples of this as they will double your initial deposit up to €100 and €150 respectively. There are also some non-German betting websites like 1xbet, 22bet and Betwinner that not only accept deposit through GiroPay but will also let you get your open account offer by completing a deposit. If you are looking for more bookies to claim a first deposit bonus with Giro Pay, simply take a look at the operators above.
How to use Giropay
Giropay is fairly simple to use not only when it comes to shopping online or paying your bills, but also for betting on online bookmakers. Let’s take a brief look on how to use it on online bookies.
All that is required is that you have a bank account on any of the cooperating banks (Sparkassen, Commerzbank etc) and a betting site that accepts Giropay. Simply visit the cashier and request a top up. You will be prompted to your e-banking environment where you should enter your bank’s SWIFT number and account number. After that, enter your PIN & TAN and click to confirm the payment. Well done! Now simply get back to your betting account to start placing your bets.
Withdrawing to Giropay is identical to withdrawing directly to your bank account. Once again, head to the cashier, select Giropay and enter your required amount. You will then be prompted to select your Bank, enter the Swift, Account number and all the required info on screen.
Given that Giropay will not store any funds on a personal account on their website but only act as a broker between you and the bookie, there is no need to upload any money on Giropay.de.
As stated above, Giropay does not require that you sent your money to their website before they reach your bank. This procedure is completed automatically when you ask for a withdrawal from your bookmaker and usually takes a few hours to be completed. In case you want to request a withdrawal to a bank card, this is not directly possible as your payout can only be directed to your bank account through your IBAN number.
Currently, Giropay will only let you complete transactions through Euro (€) as its main focus consists of Deutsch speaking countries like Germany and Austria. Furthermore, no plans have been announced for including other currencies.
Like we mentioned above, Giro Pay is mainly used by Deutsch players as they only cooperate with local banks. At the moment their website can only be used in German, but you can always rely on a service like Google translate to help you navigate in your local language.
Should I choose Giropay to bet online?
Giropay is a handy way of depositing and withdrawing on online betting sites, however, you might still be wondering if it is your ideal payment method. To save you some time we’ve created a list of all the pros and cons around using Giropay while betting online.
- Completely safe and secure payment method
- Payments are carried out instantly
- No extra registration required
- Keep your anonymity
- 0.9% to 1.2% + €0.08 fees on every transaction
- Currently available only for German, Austrian, Swiss and Liechtenstein residents
Giropay vs Sofort (Klarna)
Both Giropay and Sofort utilize the same technology for allowing payments, both for betting online and general commercial usage. Similarly to Giro Pay, Sofortüberweisung lets you deposit from your bank account, by redirecting you on your bank’s interface and requiring a password verification. The most significant difference between these to German oriented payments is their customer reach as Sofort is far more popular than GiroPay. The latter claims to process 16% of all online bank transfers in Germany and has approximately 6 million active users. Sof, on the other hand, and has managed to attain a much higher market penetration rate and currently has around 20 million active customers on a weekly basis.
Luckily enough there no fees associated with using Giropay as both depositing and withdrawing on online bookies is completely free of charge. Given that GPay utilizes your bank’s interface, there are also no added costs when trying to withdraw or transfer any of your money.
Get your welcome bonus with Giropay
Right below you can see the most common questions regarding paying and receiving funds when using Giro Pay on online bookies. If you happen to have a question that we have not included, feel free to ask us on the live chat at the bottom right corner of your screen.
Q: Are Giropay betting sites safe to play?
Although Giropay has little to nothing to do with the reliability of a betting site, we can collectively vouch that all the sites featured on bookmakers.bet are totally safe and legit to play at. When it comes to the payment itself, you can expect every transaction to be completely safe and secure as it is backed by some of the most respected banking institutions in Germany and Austria.
Q: Do all bookies accept Giro pay?
Although not every online bookmaker will allow you to complete a top up through Giropay, you can expect any betting sites that cater to German bettors to offer this method. Our detailed list at the start of this page lets you see all your available methods for betting online with Giropay.
Q: What is the minimum amount I can deposit?
This is dependent on the bookie you are planning to deposit, as Giropay will not place any minimum limits on your transaction amounts. Remember that a 0.9% to 1.2% + €0.08 fee applies to every payment you send.
Q: What is the maximum amount I can deposit?
Technically there are no limits on how much money you can deposit via Giropay, there is, however, a matter of personal safety. Giro Pay will only guarantee transactions up to €5,000, so if you are planning to make a larger deposit, it’s best to break the amount into slightly smaller ones.
Q: How fast will my transactions be completed?
Deposits are completed instantly as Giropay is authorized to directly propagate your funds from your bank to your betting account. Withdrawals require a few hours to be completed but are generally faster than withdrawals directly to your bank account.
Q: Can I use Giropay on my mobile phone?
Sure you can as the Giro Pay layout is extremely user-friendly via iOS or Android. Just remember to have your PIN and TAN codes close by as you won’t be able to complete your transactions otherwise.
Q: Can I use Giropay on non-licensed bookies in Germany?
There is no issue with depositing on non-licensed betting sites in Hesse or Schleswig-Holstein, as long as the bookie is Giropay compatible. Once again you can check the list above to find a bookmaker to your liking.
Q: Is it possible to send money to other e-payment methods?
Unfortunately, this is not possible as Giropay does not hold a dedicated account from which you can send money wherever you want. If you are looking for such a solution you can check out Skrill or Neteller, two of the most frequently used e-wallets on online betting.
Q: Can I cancel a deposit?
It is not possible to cancel a deposit whether you accidentally confirmed it or not. Should this happen, your best option is to contact the betting site’s customer support and request a refund of your amount.