giropay was introduced in 2005 by a group of German banks as a payment method for online banking. Consumers have no need to register and by using their bank’s secure online banking, their bank account information and transaction details remain fully protected and secure.

According to giropay, the payment method supports the majority of banks in Germany, and consumers complete e-commerce transactions using their usual online banking and PIN and TAN.

Online merchants accepting giropay receive a payment guarantee.