giropay is a German payment method based on online banking, introduced in 2006. It allows customers to complete transactions online using their online banking environment, with funds debited from their bank account. Depending on their bank, customers confirm payments on giropay using a second factor of authentication or a PIN. giropay accounts for 10% of online checkouts in Germany.
Customer selects giropay at checkout
Customer is redirected to giropay and enters bank details
Customer receives SMS on mobile and enters into redirect page
Customer is notified that payment is complete
(Optional) Customer returns back to business’s site for payment confirmation
Get started with accepting giropay payments.
The risk of fraud or unrecognized payments is low because the customer must authenticate the payment with their bank. As a result, you won’t have disputes that turn into chargebacks, with funds withdrawn from your Stripe account.
giropay payments can be refunded up to 180 days after the original payment date.