There are several alternative payment methods that online sports bettors can use today, and for people based in Germany and Austria, Giropay exists as one of them. It operates as a direct online banking method, basically being the intermediary between the customer’s bank and the online platform. But there’s much more to this payment method than initially meets the eye.
The Giropay service was established in 2006, being set up by the German savings banks, Postbank, as well as several credit unions. It has similarities to the iDEAL service that Dutch players can use or the Interac option for Canadian users. Just a year after its startup, Giropay had overseen €100 million in purchases. Today, over one million transactions are processed through this banking option every month.
Users can also utilize Giropay for funding an online sports betting account, making it an ideal go-to option for German and Austrian bettors. The service basically works through online banking accounts, serving roughly 17 million customers in total. Sofort may be the prime online payment method within Germany, but Giropay isn’t so far behind it, especially in terms of online sportsbook deposits.
With this being the case, if you’re a resident of one of the countries where Giropay is available, and you’d like to involve yourself in CS:GO betting, read on. We’ve got all of the necessary information for you to discover why it’s beneficial to use this banking method and how convenient it is, too.
Top Sites for CS:GO Betting with Giropay
In order to really enjoy CS:GO betting, it’s important to find an online sportsbook that provides a great service. Not all of them accept deposits through Giropay, of course. But we’ve brought together a collection of the top CO:GO sites for Giropay depositing right here. This way, you can seek out one of the best platforms for you to indulge in your own CS:GO betting journey.
So, how is it possible to know that these actually are the top sites for CS:GO betting with Giropay? Well, it’s quite simple – we’ve checked them all out. By this, we mean we’ve signed up at the sportsbooks, and we’ve made sure to deposit via the Giropay option. In doing so, we’ve been able to experience exactly how great (or in some of the platforms’ cases that didn’t make the cut, not so great) the service is. Putting aside the bad sites, we’ve got a selection of only the best for you here.
What is it that makes a good CS:GO betting site, though? Well, we’ve checked out the betting experience, the odds available for the esport, the simplicity of being able to deposit with Giropay, and how smoothly everything has taken place at these sites. All of this and more factored into our decision-making process to bring this group of online sportsbooks to your attention.
So, to involve yourself in some CS:GO betting and use Giropay as your preferred payment method, it’s definitely important to join one of these recommended platforms.
Why Bet on CS:GO with Giropay?
Giropay provides a very conveniently instant deposit for you to benefit from. This way, once the transaction has completed, your funds will show in your sportsbook account straight away. So, you can then proceed with placing your bets on CS:GO. There’s little worse than making a deposit and having to wait around to be able to place wagers on your favorite sport. With Giropay, that won’t be an issue.
Not only that, but Giropay can also be used to make withdrawals from your chosen sportsbook. Generally speaking, if it’s available to deposit by, the likelihood is that you’ll also be able to withdraw your winnings through this method. These withdrawals aren’t instant like the deposits are, but you’ll still be able to receive them in a fairly quick period of time. Keep in mind that this isn’t the case at all online sportsbooks.
To add to this, Giropay is very secure as well. When you use its services, you’re not swapping any kind of information with the online sportsbook, such as bank details. This keeps everything safe and private, with Giropay standing in the middle of the two locations where the money is coming from and going to. Therefore, you can always guarantee that your funds will be a lot safer when using this payment method.
Plus, you don’t need to register with Giropay to be able to use its services. This means that there’s no extra account that you need to log into and remember a password for. Simply put, as long as you hold a bank account at one of the participating German or Austrian banks, the Giropay service is available for you to utilize.
How to Get Started with Giropay Betting
Because you don’t need to sign up to use the Giropay service, the process of depositing is a lot simpler. First of all, you’ll need to be signed up to your chosen online sportsbook. This process only takes a couple of minutes. Then, make your way over to the cashier section of the site and select Giropay as your chosen depositing method. After this, you’ll be required to select which bank you hold an account with and that you want to transfer money from.
Following on from this, you’ll need to enter the amount that you’d like to deposit, at which point you’ll also be redirected to the login page of your bank account. Insert your usual login details here, and the bank will then display all details relating to the transaction that you want to make. You need to enter your account number and the PIN that is associated with this. Your bank then sends along a Transaction Authentication Number (TAN), which is used to confirm the deposit.
Confirm the amount you would like to send to the sportsbook and then proceed with the transaction. The bank authorizes the deposit, and the payment is sent, with Giropay standing in as the middleman and transporting the funds to the sportsbook. You’ll then return to the platform and see that your funds are already available to use in your account.
Pros and Cons of Betting with Giropay
- No registration needed to use Giropay
- Anonymous and secure transactions
- Instant deposits
- Potential to make withdrawals from sportsbooks
- All transactions have a fee to pay
- Giropay is only available for German and Austrian bettors
Is Giropay Safe to Use?
Yes. You’re able to make totally secure online transactions, as you will remain anonymous to the sportsbook, and all funds are sent via SSL and in encrypted format.
What Are the Fees Associated with Giropay?
The fees will differ depending upon which bank you hold an account with, although the charge is normally somewhere between 0.9% and 1.2%.
Can I Deposit in Several Currencies When Using Giropay?
Giropay transactions can only take place in Euros.
Which Banks Are Supported by Giropay?
Various banks partner up with the Giropay service, including Sparkasse, Postbank, comdirect, Volksbanken Raiffeisenbanken, MLP, and Deutsche Kreditbank AG.