In New Zealand and all over the world, online gambling has become the most popular way to play casino games and win real money online. There are many benefits to gambling online. For starters, players can access and play thousands of pokies and casino games from any computer or mobile device, anywhere in the world. To add to this, players can choose to play for free or for real money online or offline. For those players that do want to stand a chance of winning online, it is a good idea to keep up to date with the various online payment systems available.
With advancing online banking technologies, online casinos are offering more payment options than ever before. While previously only credit cards and direct deposits were accepted, today there is a myriad of web-wallet payments and instant banking payments to choose from.
If you are familiar with the online gambling world, you may have heard of Giropay. If you would like to know more about how the system works and who can use the payment system for instant online casino deposits, keep reading!
What is Giropay?
Giropay is a world renowned, instant online payment system based in Germany. For now, the system is only available to players based in Germany and Austria for residents with local bank accounts. This may change in the future, if the company decides to expand into Europe and the rest of the world. This unique payment system is designed to use the players own Internet banking to make instant online payments to online casinos around the world.
You may be wondering why players would go through a third party payment system to make an Internet payment? The answer is speed and reliability.
As opposed to Internet banking payments, Giropay Internet payments are processed immediately which means that the funds will reflect in the online casino’s account straight away. If you have ever tried making an online casino deposit using Internet banking, you will know just how long it can take. In some cases, making a bank transfer to a foreign based online casino can take up to 10 days to reflect. Any system that can make a payment instantaneous is certainly worth looking at.
How Giropay Works
One of the perks of using Giropay is that players do not even have to sign up. Anyone in Germany or Austria can start using the system as long as their local bank is supported by the system itself.
Currently the system supports over 1500 banks and services with over 17 million clients. It is the second largest online payment system in Germany next to Sofort Überweisung. Players can use their own Internet banking to make payments to online casinos in Europe or anywhere in the world. As a result, many international online casinos have started accepting Giropay instant payments.
In New Zealand, many players choose web-wallets for online payments. The problem with web-wallets is that you first have to sign up for an account, then you have to link your bank details and finally you have to transfer funds in when you want to make a payment. With instant payments, all that is not necessary. Players do not have to sign up for any type of wallet, they simply log onto the online casino and use their own bank to pay instantly online.
Giropay Online Casino Deposits
The procedure for making an online casino deposit is quite simple. Firstly, players must log into their chosen online casino. From there players can head directly to the cashier section. Under deposit options, players should see an option to select Giropay instant payments. When they click on this option they will be presented with a list of banks to choose from. Here they simply select their personal bank. From there a window will pop up prompting the player to log into their Internet banking using their secure home login. Once logged in, players can decide how much they want to deposit and then approve the transaction.
Giropay will automatically approve the transaction and transfer the funds into the online casino’s account. At no time does the casino or the payment system access the players banking details. The entire process is 100 per cent secure with no third party data being transferred or sent to the casino itself. The payment is processed instantly which means that the player’s online casino account will reflect the available funds straight away.
Cashing Out with Giropay
Giropay is a safer and more convenient way to fund an online casino account. Players can also use the system to cash out their casino winnings.
To do this, players can log into the online casino, head to the cashier section and click on withdrawal options. Again, players can select Giropay, fill in their details and approve the withdrawal. The system will process the withdraw and deposit the funds directly into the player’s personal bank account.