When utilising GiroPay at any online casino or poker room, the user is
required to select from a drop-down menu which bank they utilise for everyday
banking, following which, they are directed via a URL address to their own
internet banking site. Here, they log in with a PIN number and commence with the
deposit as they would with other utility payments for instance. They are
required to confirm their payment authorisation with a TAN number. Once the
payment has been cleared, GiroPay notifies the vendor, and the user is credited
with casino or poker chips.
Because of the innate simplicity of this mode of internet transfer, GiroPay
is fast becoming one of the preferred fund transfer mechanisms across Europe.
Unlike several other payment methods, including e-wallet solutions and bank
wires, GiroPay is instantaneous. There is no need to set up and pre-load an
e-wallet account, and no lengthy delays arising from the bank authorisation
process. And unlike credit card payments, GiroPay offers complete confidence in
internet banking security. With GiroPay, there is no need to issue credit card
or other personal information to the online vendor, thereby ensuring that the
user is protected from identity fraud and the erroneous withdrawal of funds from
his/her bank account. Enhanced security is provided by GiroPay in the form of
technologically advanced SSL data encryption, and coupled with the use of PIN
and TAN numbers known only to the user, all payments affected are protected from
violation by other parties.
GiroPay is also one of the cheapest online transaction solutions in that
there are no fees billed for deposits as there are with most other payment
methods. However, the user should note that their own banking institution may
charge them per log on to their internet banking site. GiroPay offers around the
clock service support and payments can be made 24 hours a day using their
facility, assuming their own bank's internet banking page is operational. Users
banking with Postbank, Sparkassen, Volksbanken or Raiffeisenbanken are able to
utilise Giropay, and there are fifteen different major currency options
available to them. Because GiroPay transactions are conducted at the user's own
internet banking site, transaction histories are readily available to the user
whenever logging onto their banking system.
