BreadcrumbResourcesAlternatives to cards across Europe

Giropay

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The GoCardless content team comprises a group of subject-matter experts in multiple fields from across GoCardless. The authors and reviewers work in the sales, marketing, legal, and finance departments. All have in-depth knowledge and experience in various aspects of payment scheme technology and the operating rules applicable to each. The team holds expertise in the well-established payment schemes such as UK Direct Debit, the European SEPA scheme, and the US ACH scheme, as well as in schemes operating in Scandinavia, Australia, and New Zealand. See full bio

Last editedJan 2020

Giropay enables German customers to make immediate payments and bank transfers.

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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	40 million shoppers in Germany pay by Giropay.

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