Accept online giropay payments
Online giropay transactions: Introduction
giropay is an online payment method that focuses on the German market. The giropay system is similar to the iDEAL system of payments. Like iDEAL, consumers do not need to register with giropay, they can make payments through their familiar online bank environment, and their personal details also enjoy a high level of protection. The only requirement for making payments via giropay is that the user must have a bank account that allows for online banking. The consumer’s bank must also be affiliated with giropay. If you offer giropay as a payment method, you will be able to reach a current potential of 17 million consumers. Approximately 80% of the German banks are affiliated with giropay.
Accept giropay payments on your site: How to
It is simple. Basically, you have to follow the same procedure for any payment method:
Online giropay transactions: Advantages and possibilities
Payments using giropay give you the opportunity to expand your range in the German market. With giropay, you can reach a varied group of over 17 million consumers in Germany. The number of banks affiliated with giropay continues to increase, and the number of consumers along with it. On the giropay website, you will find a search function allowing you to find a list of all the banks affiliated with the organisation. Enabling customers to pay via their own familiar banking platform gives them the security that they are making safe giropay payments.
The advantages of giropay for your webshop:
- Reach 17 million consumers in Germany;
- Safe and familiar payment environment for consumers;
- Consumers can pay immediately online, without any form or registration being required, via their own familiar online bank environment;
- No risk of chargebacks;
- Immediate insight into the payment progress, meaning fast delivery of orders;
- Business and consumer transactions are possible.
What you should know
If you have an ICEPAY account, payments via giropay are easy to implement in your webshop. However, it may take awhile before you will receive authorisation for this since giropay sets certain requirements for the providers of this payment method. Each future provider must complete the same application procedure. ICEPAY will process this application for you; this takes at least one week yet no more than two weeks. giropay’s requirements relate to the type of product or service being sold. Some products and services fall under the "high-risk" category, and are not approved by giropay. ICEPAY cannot exert any influence on the giropay approval process, nor can we offer you any possibility to use this system in the event your application is rejected.
The following are considered high-risk categories:
- Adult: Products and services with obscene or pornographic content, the nature of which makes it illegal to sell or distribute them. These are usually products or services featuring minors; children or adolescents in unnatural and sexually seductive poses, or which are pornographic in nature. This is a violation of human dignity.
- Copyrights and/or intellectual property rights: Offering or selling products which infringe copyrights, other industrial or intellectual property rights and/or rights belonging to third parties.
- Archaeological findings.
- Drugs and medication: The sale of drugs and medication is prohibited, unless you have received permission from the German authorities to trade and ship medicines. The sale of medicines is at any rate prohibited if this is stipulated as such by law.
- Products that are subject to a trade embargo.
- Media which is considered harmful for minors: According to Germany legislation and regulations, offering or selling media which is harmful to minors is prohibited.
- The sale of:
- Human body parts and human remains;
- Articles and publications with national-socialism content;
- Protected plants and animals.
Online giropay transactions: How it works for customers
Payments by giropay are fast and easy for your customers (consumers). Once the customer has paid, you will receive a real-time notification of the payment.To pay, all your customer has to do is:
- Choose a product in your webshop;
- Choose giropay as the payment method;
- Select their own bank;
- Execute the payment and approve it via the secure bank environment and method of payment;
- And: the payment is complete.
This payment method is available in:
|Connection costs||-||€ 0,- p.y.||€ 0,- p.y.||On request|
|Transaction costs||-||2% + € 0,30 p.t.||1.8% + € 0,25 p.t.||On request|
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