Written by
Last editedJan 2020
Giropay enables German customers to make immediate payments and bank transfers.
| Payment type | Bank transfer |
| Description | Like SOFORT and iDEAL, Giropay is based on online interbanking and enables German customers to make immediate payments and transfers. Customers are required to login to their bank by entering a PIN before purchase, increasing the security of the transaction. |
| Currency | € (Euro) |
| Key markets | Germany |
| Key fact | 16% of all online transactions in Germany are processed by Giropay. |
| Payment use case | eCommerce, One-off transactions |
| Benefits | Real-time |
| Considerations | Customers are directed away during the checkout flow. Designed for one-off payments. |
| Example merchants | Lufthansa, Microsoft, DHL |
| Additional facts + figures |
|
Interested in taking Bacs or SEPA payments?
GoCardless can help you collect money from customers across the Eurozone
