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.|
|Key fact||16% of all online transactions in Germany are processed by Giropay.|
|Payment use case||eCommerce, One-off transactions|
|Considerations||Customers are directed away during the checkout flow. Designed for one-off payments.|
|Example merchants||Lufthansa, Microsoft, DHL|
|Additional facts + figures||