Giropay was an Internet payment system in Germany, based on online banking.

Introduced in February 2006, this payment method allowed customers to buy securely on the Internet using direct online transfers from their bank account.

Others, however, offer simpler PIN and TAN based online banking services.

No sensitive information is being shared with the merchant, such as credit card or Giro account numbers.

[5] Costs are calculated on a per-transaction basis and decrease with transaction volume or value.