|Cyprus, UK, Australia, USA||/5||$200||Read the review|
|Cyprus, Australia||/5||$100||Read the review|
Even though not as known as other alternative payment methods we’ve written about, GiroPay is still worth a mention, as it it one of the most popular payment systems in Germany, a country with a keen relationship with forex brokers and traders alike. GiroPay covers approximately 60% of German bank account transactions, with over a million or so payments a month.
GiroPay was launched in 2006 by Giropay GmbH, and is supported by many of Germany’s saving and cooperative banks.
With GiroPay users can safely complete monetary transactions via their bank accounts. After a client selects their bank of choice, the customer logs in the banking environment, and reviews the pre-filled payment details, after which, if everything is in place, the user authorizes the payment.
Service fees are fair, as they depend on the volume of the transaction, varying between 0.9% and 1.2% plus a €0,8 fixed commission. One major setback that deserves notice is the inability for users of GiroPay to file for a chargeback.