Giropay

#Bank Transfer

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 […]

Market coverage 1
  • 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.

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Frequently Asked Questions

What are the best practices for managing cross-border payments?2023-04-18T18:56:57+02:00

NORBr is a payment orchestrator that connects you to all cross-border payment services providers that can help you manage your cross-border payments efficiently and securely, while also ensuring compliance with relevant regulations. NORBr offers advanced features like fraud detection, currency conversion, and real-time tracking and reporting, which can help you optimize your payment processing for cost efficiency and speed.

What are the risks associated with cross-border payments?2023-04-18T18:57:21+02:00

Cross-border payments can be associated with several risks for you, including currency fluctuation risk, regulatory risk, and fraud risk. Currency fluctuation risk refers to the potential impact of exchange rate fluctuations on the value of your payments. Regulatory risk relates to the complexity of complying with different regulations in different countries. Fraud risk refers to the potential for fraudulent activity, which can be more difficult to detect and prevent in cross-border transactions.

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