Sofortüberweisung or giropay - that's the difference

More and more people are hearing about giropay or instant transfers as a payment method. In this article, we tell you what the difference between the two direct transfer systems is

Differences between giropay and Sofortüberweisung

• The biggest difference is how you transfer the money and what data you need.
• Since giropay has alliances with certain banks, you will be directed to your bank during this payment process.You can find out whether your bank offers this service via the bank check.
• There you pay with your online banking data. The payment method giropay is practically only a kind of agent who does not receive your data.
• However, the situation is different with instant transfer.
• Here you have to give all your data to the company, since the payment process is carried out exclusively on the corresponding page.
• The advantage is that you can pay with any bank account for an instant transfer.
• We have put together further advantages and disadvantages of Sofortüberweisung for you here.
• At giropay you are bound to the specified banks. If your bank is not among them, you cannot use giropay.

In another article, we compared different online payment services for you - including PayPal and Skrill.