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Business Payment methods What is Giropay?

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What is Giropay?

Date added:
Friday, 21 August 2009
Last revised:
Thursday, 03 March 2011

Answer

Giropay is the most popular form of online payment in Germany and similar to the Dutch iDEAL. Giropay is supported by Sparkassen, Postbank, Volksbanken Raiffeisenbanken, MLP, Cronbank, Readybank, CVW Privatbank and PSD Bank. Together they cover 85% of the German market.

The real-time payment system is easy to use and very convenient for German account holders. Your customers are not able to charge back a payment. They personally approve the payment within their online banking environment.

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