Giropay vs Sofort - Review of Popular Deposit Methods in Germany

Over the years and with outer influences, the online casino industry has taken innovative steps to provide many banking options for you to use. Most of the funding options today, are in place because most people face the frustration and difficulty in depositing to their casino accounts using their credit or debit cards. 

In most cases, this is through no fault or error on your behalf. In essence, the most likely reason is your bank is blocking the use of your credit card at any online gambling venue. Understandably if you are new to online gambling, you may have experienced this a number of times already, and not knowing what is wrong, have called your bank or have tried many times to deposit, each time receiving a denied message. 

If you are having problems making a deposit with your credit or debit card, you should consider using one of the hundreds of online payment services available nowadays. Today we're going to explain you in details what are Giropay and Sofort payment methods and how to use them.

Giropay

Giropay is a fast banking payment method for players from Germany, Austria, and Netherlands based on the PIN and TAN procedures of the popular home banking process. Giropay is a quick, secure and simple payment service to process money transactions online.

How does Giropay work?

GiroPay has partnered with many Dutch, German and Austrian banks to provide the service that it does. All transfers are based on your existing banking PIN code, as well as a transaction number (TAN) which identifies the transaction taking place. 

For instance, to fund the online casino accounts, players simply select Giropay as a payment method at their online casino of choice to be redirected to their regular bank's internet banking login page. Once their transaction information is displayed, players simply have to enter and submit their account number and PIN and their funds will be instantly transferred into their online casino accounts.

Sofort (Sofortüberweisung)

Sofortüberweisung, or shortly Sofort, is the direct payment method accessible to customers with bank accounts in Germany, Austria, the United Kingdom, Switzerland, Netherlands, and Belgium. This online payment solution uses a direct credit transfer system which enables customers to quickly and easily transfer funds to merchants, third parties or online casinos using their regular online banking facilities. There is no need for an additional registration or a credit card.

Sofort advantages

• Fast delivery of goods and services;
• No additional registration;
• With your common online banking information;
• Pay without a credit card;
• TÜV certified data privacy;
• Secure online banking authentication (e.g. PIN/TAN);
• Better pricings on many merchant sites.