About payment method
GiroPay was founded in 2006. The system owner GmbH (Germany, Frankfurt), is a joint project of Postbank and Volksbanken RaitFeisenbanken.
GiroPay provides users with a home banking mechanism. The GiroPay system is especially popular among residents of Germany, Austria, and the Netherlands.
At the same time, calling GiroPay a full-fledged payment system is not entirely correct, it is, rather, a settlement gateway between the online store and the customer’s account. In order to use the system, you must have a bank account or card in a banking institution that is a partner of GiroPay. The scheme of operations is approximately the following: the client selects the product or service of interest to him on electronic trading floors; GiroPay selects from the list of payment methods; the buyer is transferred to the bank’s website, where he is served, where it is necessary to confirm the transfer of funds with a special TAN key; the seller receives a notification from the system about the transfer of money and sends the goods. It does not use any special software.
The GiroPay system is used only to pay for goods and services or deposit casino, and there is no transfer option between users in it.
The main advantages of the electronic system:
- speed and reliability of receipt of payments;
- a payment guarantee from the bank (in the amount of up to 5 thousand euros), – accordingly, the risks of non-payments are excluded;
- there is no costly part in case of a refund;
- real-time data identification;
- data transfer using SSL protocols.