Esports Bookmakers Accepting GiroPay

GiroPay is a German fintech company that facilitates online payments by leveraging online banking PIN and TAN. Although the company was started in 2005, operations commenced in 2006. GiroPay's business model is similar to Dutch's iDEAL or Canada's Interac Online.

The founders of GiroPay are Deutsche Postbank, GAD, Fiducia IT, and Star Finanz-Software Entwicklung und Vertriebs GmbH.

Today, the brand is one of Germany's most dominant online payments solutions. According to Wikipedia, GiroPay processed over 3.2 million transfers totaling 185 million Euros in 2008. Today, GiroPay is a market leader serving over 45 million customers, equivalent to 54% of Germany's population.

One of the reasons for GiroPay's success is its partners. The company works with over 1,500 banks in Germany, translating to over 60% of all German banks. GiroPay offers users fast, convenient, and affordable money transfers. This is another reason it is a favorite among consumers (buyers) and merchants (sellers).

Despite the pandemic, GiroPay is continuing to grow. In 2021, the company merged with two other fintech, paydireckt and Kwitt, to become New GiroPay. This is a move to bolster the company's current account-based online payment services.

All the GiroPay esports betting sites on this page are run by trusted sports betting operators that pay winners. This is unlike some unscrupulous sites that start engaging players in a cat and mouse game when they win.

Unfortunately, GiroPay doesn't support withdrawals. While bettors can use this online payment system to load their esports betting accounts, they can't withdraw winnings. However, this doesn't mean that players will lose their funds; several alternatives are discussed below.

The first alternative is a bank transfer. If the betting site has this payment method, the funds will be transferred directly to the preferred bank account. The only shortcoming is that the withdrawal may take longer.

Another way to withdraw at GiroPay betting sites is via Trustly. This is a trusted Swedish open-banking payment method that recently expanded to Germany. Trustly offers swift withdrawals and secure transactions. What's more? Registering an account is free.

Lucky winners can also withdraw their funds to MasterCard or Visa. The former is a leader in global payments and offers seamless banking. Visa, on the other hand, is the largest card network globally.

One of the reasons for GiroPay's popularity is the broad partnerships with banks in Germany. That means it reaches more German consumers, including esports betting fans. Another great thing about GiroPay is that registering an account is not only free but very easy.

As mentioned earlier, a German account is a prerequisite. Besides, players must make sure that their bank participates in GiroPay. There is a simple bank checker where users can check whether their bank is a partner by entering their bank name and the system.

Below are the easy steps to follow when registering a GiroPay account.

Access the GiroPay website. On this page, there will be two main products; GiroPay for buyers and GiroPay for merchants. The former is for punters, while the latter is tailored for esports betting site operators.

Choose GiroPay for buyers, scroll down and click the ACTIVATE PAYDIRECT tab. Next, locate the 'New? Unlock now for free' option and select the preferred bank from the drop list. The next procedure varies from one bank to another, but it's straightforward.

Funds are transferred from the bank to GiroPay via a bank wire transfer. The transaction turnaround is instant.