Ranking of the Best eSports Bookmakers with GiroPay

GiroPay esports betting sites are more popular right now than ever before among German esports betting fans. This deposit method is fast, secure, and affordable. What's more? It is among the most trusted fintech brands, serving over half of Germany's population. All these are reasons GiroPay is a payment option eSports fans love.

Today, there are many German esports betting sites with GiroPay. Some offer a fantastic betting experience. But punters should shun others. Fortunately, the experts have done all the heavy lifting by listing all the best GiroPay betting sites. This is after a rigorous testing process that analyzed aspects such as licensing, esports betting markets and odds, support, bonuses, and more.

Ranking of the Best eSports Bookmakers with GiroPay
Ethan Williams
Written byEthan WilliamsWriter
Researched byHaruki NakamuraResearcher

About 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.

How to make a deposit with GiroPay

Funding an esports betting account using GiroPay is pretty straightforward. But first things first - a German bank account with funds is a must. The bank should also be among the financial institutions that have partnered with GiroPay. Players should also make sure the betting site has partnered with GiroPay.

In the first step, players should register at an esports betting site with GiroPay or log in to their esports betting account if they already have one. Then, navigate to the banking/cashier section and select the 'deposit' option.

The second step is to select the bank from the listing. The system redirects to the bank's online banking gateway login page. Enter online banking credentials, then the amount, and complete the transaction. Please note, most banks nowadays use two-factor authentication. The bank may ask players to enter a one-time code sent to their phone numbers. There is also a minimum and maximum deposit limit set by esports betting operators.

GiroPay deposits are swift. Expect the funds to reflect in the esports betting account instantly. But it all depends on the betting site - most process deposits instantly, while the transaction may take a few minutes at some. One great thing about GiroPay is that there are no deposit fees.

How to make a withdrawal with GiroPay

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.

Pros and Cons of GiroPay

GiroPay is a household name in the German online payments industry. However, no online payment solution is perfect.

GiroPay Pros

  • Using GiroPay is pretty easy. It is based on direct bank transfer eliminating the need for having a card.
  • GiroPay is also affordable. It's completely free to deposit.
  • GiroPay is swift. This online payment system offers instant deposits.
  • All the GiroPay platforms are secured using the latest military-grade encryption.
  • GiroPay has partnered with all the popular banks in Germany.

GiroPay Cons

  • The online payment solution is available in Germany only
  • GiroPay doesn't support withdrawals

GiroPay account opening process

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.

GiroPay customer support options

GiroPay is a brand that understands the vitality of customer relations. It has invested in a robust infrastructure to offer a remarkable customer experience. For seamless operations, there are two customer support teams; one for buyers and another specifically for sellers.

When it comes to customer support options, GiroPay has a hotline. Agents are available from Monday to Friday from 8:00 a.m. to 10:00 p.m. On weekends and public holidays, service is from 8:00 a.m. to 6:00 p.m. There is also an email ticketing system.

Besides the above support options, GiroPay has a detailed FAQ section.

About the author
Ethan Williams
Ethan Williams

Ethan Williams, a lively 24-year-old lad from the UK, brilliantly fuses his passion for online casinos with top-notch English localisation, creating bespoke casino guides for Britain's keen gaming lot.

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