Giropay
Founded in 2006, Giropay is a German online banking payment system, supported by more than 1500 German banks. Giropay is safe and reliable, and it is one of the most popular online banking payment methods in Germany.
When paying with Giropay, users select the bank they want to pay with. Then they are redirected to the bank website. After the user completes the payment, the funds will be directly deducted from the user's bank account. The payment experience is easy and convenient.
Properties
The properties of the Giropay payment method are shown in the following table:
Payment type | Online banking | ||
Acquirer | AlipaySG, AlipayEU, AlipayUS | Acquiring region | SG, AU, HK, EU, US |
Payment flow | Redirect | Checkout Payment | ✔️ |
Buyer country/region | Germany | Auto Debit | ❌ |
Funds deduction | Real-time | Refund | ✔️ |
Processing currency | EUR | Partial refund | ✔️ |
Minimum payment amount | 1 EUR | Chargeback/Dispute | ❌ |
Maximum payment amount | Unlimited | Refund period | 365 days |
User experience
The following screenshots show the user experience of paying with Giropay:
Figure 1. Payment process with Giropay