GiroPay provides its users with a home banking mechanism. Residents of Germany, Austria and the Netherlands use it most often. Calling it a full-fledged payment system is not entirely correct, it is rather a settlement gateway between the online store and the client’s account. In order to use GiroPay, you must have a bank account or card with a banking institution that is its partner.
Users from Russia and the CIS use the GiroPay system very rarely, since it has contractual relationships mainly with German sites, requires an account with a European bank for transactions, and the interface is only in German.
The advantages of this electronic system:
- speed and reliability of payments
- there is no cost part in case of a refund
- real-time data identification
- use of SSL protocols for data transfers
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