Written by
GoCardless
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
Over 70,000 businesses use GoCardless to get paid on time. Learn more about how you can improve payment processing at your business today.
