Market coverage 1
["Germany"]
Germany
- Germany
Currencies 1
- Euro
Description
Giropay is an interbank system launched in 2005 by German banks as the official payment method for online banking. It allows users to make secure and convenient online transactions based on their existing online banking package.
Giropay is accessible to more than 40 million shoppers and accounts for 16% of all online transactions in Germany. Merchants who accept giropay payments on their webshops through Worldline Connect receive real-time transaction feedback and a payment status confirmation message. Additionally, merchants benefit from a large pool of customers and no chargeback or reversal risk. Giropay supports over 1,500 banks in Germany, and consumers use their usual online banking and PIN and TAN to complete e-commerce transactions.
By accepting giropay, online merchants receive a payment guarante.