GiroPay is one of the favorite methods for online payments in Europe, with more than a million transactions processed monthly. This method is used for various purposes, including online gambling.
Why Gamblers Love GiroPay for Online Casinos
One of the reasons why gamblers love this deposit method is that it allows them to transfer money from their bank to their online casino account quickly, affordably, and with no risk. Deposits made with this service are almost instant and are usually processed immediately by the gambling site.
Depending on the online casino, GiroPay can also be used for withdrawals, but the waiting time is usually longer than when deposits are concerned. In many cases, it takes a couple of hours for the operator to clear withdrawal requests, which is still very fast, especially when compared with other withdrawal methods (e.g., bank wire transfer, which can take up to 15 business days).
Apart from being fast, this banking option is also very cheap. Most gambling sites do not charge processing fees on GiroPay deposits and withdrawals, while the service keeps the commission very low. The bigger the amount, the lower the fee is the rule for transactions with this deposit method. Generally speaking, you must pay a commission of roughly 1% of the amount you’re transferring.
Security and Safety as a Top Priority
One final reason why gamblers love GiroPay casinos is that this method is virtually risk-free. This is because GiroPay will not share any classified information with the merchant. Further, the service uses a wide range of security features. The features that will protect your funds depend on your bank. Among those are 2FA (two-factor authentication), challenge-response authentication, PIN/TAN authentication, and so on.
On top of everything, GiroPay has a guarantee policy that protects users from fraud. If you get scammed, GiroPay will refund you up to 10,000 EUR.
Another popular banking option is AstroPay.