Giropay refers to a reliable online payment services provider. The system is similar to the Canadian Interac or the Dutch Ideal, but it is used in Germany. The term “Giropay” also denotes the services that are offered such as online money transfers, deposits, and online purchases. Being used in Germany, Giropay is available to people who have a German bank account, as the Giropay account has to be linked to this.
The main advantages offered by Giropay are the transparent and easy-to-use Internet banking services, the high security features, as well as the direct, real-time money-transfers from the users’ bank accounts. The Giropay transactions have no risks, as no personal information is shared with the merchants or the recipient of the funds, and payments are guaranteed by the company up to 5,000 Euros.
So Giropay is much more than a payment method - it is a really advantageous payment solution offering online purchase and money transfer services to more than 17 million bank account owners from Germany. Thus, more and more merchants accept it as a payment method in addition to the traditional options such as credit cards or cheques. |
|
|
