Betting sites with Giropay | Bookmakers that accept Giropay
Last updated & tested: 2020-03-16
The best bookmakers for Giropay
If you’re a sports betting fan, then there’s a chance that you might have seen an online bookmaker who allows you to make Giropay payments to fund your sports bets. But what is Giropay and why are punters keen to use this payment method?
In this article we will help you get a good understanding of what Giropay is all about. By clearly explaining all of the pros and cons of using Giropay, you will quickly be able to see whether this payment method has any benefits over using alternative payment methods such as Visa, MasterCard, PayPal, Neteller or Skrill.
Once you’ve worked out whether or not Giropay is the right payment method for you, then we will help you find a decent sports betting site who accepts this payment option. All of which should be able to help you use Giropay to fund your sports bets, and even potentially back a winner. So keep reading our Giropay guide to find out more about this innovative payment method.
• Very popular online payment method in Germany
• No sensitive financial information shared with betting site
• Payments guaranteed up to €5,000
• Limited selection of bookmakers take Giropay
• Not much use if you have a UK bank account
What is Giropay and how can I use it at the bookmakers?
Giropay is a payment method that allows you a simple way to make an online bank transfer. The payment method was established in early 2006 in Germany, and many banks in Germany support Giropay. It has been reported that 85% of all German consumers pay for goods online with Giropay, and as the real-time bank transfers with Giropay are 100% guaranteed, it means that consumers get to make online payments with plenty of confidence.
Whilst Giropay is integrated with well over 1,500 German banks and some others from surrounding nations, consumers who have a UK bank account will not be able to use Giropay. As a result, there is a good chance that you probably won’t be using Giropay to fund your sports betting. But if you have an account at a German bank like Sparkasse, Volksbanken or GLS Gemeinschaftsbank, then you should be able to use the Giropay online payment method in order to make deposits at a sports betting site.
It’s relatively simple to make a Giropay payment via computer or mobile at a bookmaker’s website. All you would need to do is to check that the bookie accepts Giropay, then go into your account and head to the cashier or deposit area. From here, you will select the Giropay option and then you would be redirected to your bank’s login page. Then you would need to enter your account number and PIN, plus you should also have to go through a two-factor authentication process to ensure that it is you who is trying to make the payment.
If you have enough funds in your bank account, the bank will authorise the transaction in real-time and you would be redirected back to the bookmaker’s page and see the funds instantly added to your betting account. As such, it’s easy to see why Giropay offers you a relatively quick, safe and simple way to add funds to your sports betting account.
What are the advantages to using Giropay for sports betting?
With the majority of German consumers using Giropay to make online payments. it’s evident that this payment method offers many benefits over alternate options. Here are a few of the key reasons as to why using Giropay is especially well-suited for sports betting.
- Easy way to make online payments: Giropay is good as it acts as a gateway between your bank and the bookmaker. This means that it’s easy to make a simple bank transfer to fund your sports bets. Rather than have to use extra accounts like PayPal or Skrill, you can keep all of your money in one place and have a better understanding of exactly how much you are wagering with.
- Highest levels of security: Making Giropay payments means that your transactions will be benefiting from AES 256-bit encryption with TLS 1.2 for secure transmission. This is one of the highest levels of online security currently available. We should also mention that the fact that most Giropay payments undergo a strict two-factor authentication procedure which means that there is little chance of anybody else being able to access your Giropay payment feature. Plus as all Giropay payments are 100% guaranteed up to €5,000, it means that you will always be covered by your bank should something go wrong.
- Free to make Giropay: Your bank won’t charge you any money for using Giropay, and similarly, you should find that the vast majority of online bookmakers won’t add any fees for letting you make Giropay deposits and withdrawals. This gives Giropay a big advantage over using alternative payment methods such as Entropay, Skrill and Neteller where you may often find yourself incurring some fees when you add money to your account.
Are there any disadvantages to using Giropay for your betting?
Whilst Giropay offers its users an easy and safe way to make an online bank transfer, it’s clear that this payment method isn’t for everyone. Here are just some of the main reasons why you might want to give Giropay a miss.
- Not available for UK punters: It’s hard to ignore the basic fact that you can only use Giropay if you have an account at a German bank. Whilst the payment method is available in some of the surrounding German-speaking nations, if you are based in the UK, then you probably won’t be able to use Giropay for your sports bets.
- Limited selection of bookmakers accept Giropay: Even if you did have an account at a German bank, then you should be aware of the fact that most bookmakers might not actually take Giropay payments. Although many of the biggest German sportsbooks obviously take this payment method, if you are looking to use a popular UK bookie like William Hill, then you probably won’t be able to use Giropay. This means that you will suffer from a much smaller choice of sports betting odds which in turn means that you probably won’t get the best price for your sports bets.
- Only able to deposit with Giropay: Whilst Giropay offers you lightning fast deposits, this payment method isn’t set up to facilitate withdrawals. As a result, you will have to use an alternative payment method if you want to make a satisfactory withdrawal of your sports betting winnings.
Where can you look for online betting sites that accept Giropay?
If you have a bank account with a German bank who has the Giropay facility, then you will be keen to see which bookmakers accept this payment method. Here is a selection of some of the best bookies who currently accept Giropay payments.
Ladbrokes are one of the longest-running bookmakers in the UK, and we were impressed with the fact that they now allow you to make Giropay payments on their betting site. This means that you can use a desktop or laptop computer, or even a smartphone or tablet to make an instant payment to fund your sports bets direct from your bank account.
You can make Giropay deposits from a minimum of €10 at the Ladbrokes site, and they won’t charge you any money for doing so. The Giropay deposit should instantly show up in your betting account. Sadly it looks like you can’t make Giropay withdrawals of your winnings at Ladbrokes, so you will have to use an alternative payment method to do this.
In order to make a Giropay deposit at Ladbrokes, you will first need to log into your Ladbrokes account. Once you are in the My Account area, just click on Banking and then select the Deposit option. From here, just click on Giropay from the payment method list, enter how much you wish to deposit and then click the Deposit button. You will then be taken to the Giropay area to confirm your payment, and then the funds will instantly be credited to your account.
BoyleSports are a well-known name in the Irish sports betting scene, and they have recently added Giropay as one of their accepted payment methods. Unfortunately, BoyleSports have failed to mention what the minimum and maximum thresholds are for their Giropay deposits, but it looks like you won’t be charged any fees for making Giropay payments on their site.
What’s best is that BoyleSports look like they will allow you to make a Giropay deposit in order to take advantage of their welcome bonus offer. This is something that you wouldn’t be able to do if you make an initial deposit with Moneybookers, Skrill, Neteller or a prepaid card.
SportingBet are one of the many excellent UK bookmakers currently out there, and they also allow you to make Giropay payment on their website. In order to do this, just log into your account, click on the Cashier tab and then select Deposit. Then just tap on the Giropay tab, enter how much you wish to deposit, and you will be then be taken to the Giropay area where you have to enter your online banking login details. Confirm the amount you wish to deposit and then you should get an instant confirmation and then will be taken back to the betting site.
Sadly it looks like you can’t make Giropay withdrawals at SportingBet, but it looks like you might be able to make a Giropay payment to get their welcome bonus. Just check with the SportingBet customer support so as to avoid disappointment.
As Bwin is an Austrian betting company, it should be no real surprise to find that they take Giropay payments. Once again, you won’t be able to make any withdrawals with your Giropay account, but you should be able to make Giropay deposits that are carried out instantly and without any fees. To do this, then it’s just a case of logging into your account, heading to the cashier area, and then following the on-screen prompts.
Whilst punters who use payment methods like Skrill or Neteller won’t be able to make an initial deposit to get the Bwin welcome bonus, it looks like you are free to claim this special offer with a quick and easy Giropay qualifying deposit. But as always, be sure to check with the bookie’s customer support team so that you can take full advantage of their sports betting sign up offer.
Conclusion: Finding a bookie that accepts Giropay
It’s clear that Giropay offer punters a very convenient and safe way to make online bank transfers. As such it’s little surprise to find that many sports betting fans like to use Giropay to fund their sports bets.
However, it’s worth remembering that there are a few reasons as to why this might not be the perfect payment method for you. Not only are there relatively few sports betting site who take this payment method, but the chances are that unless you are a resident of Germany, then your bank will not allow you to use Giropay. In addition to this, we have to remember that Giropay can only really be used to make deposits at a sports betting site, and therefore you will have to use an alternative payment method in order to get your hands on your well-deserved winnings.
Despite these big reservations, it’s evident that Giropay is a hugely popular online payment method and it is one that is well-suited to the sports betting industry. Whilst it might not be for everyone, if you’re based in Germany and are looking for a safe, fast and flexible way to make online bank transfer deposits at a bookie’s site, then Giropay has plenty to offer.