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Giropay
Specific information about the payment method Giropay.
Giropay is Germany’s most popular way to pay online is the bank transfer, used in 51% of all online purchases. This makes Giropay, integrating over 1,500 German banks, a very popular payment method on the German market. Because it uses real-time bank transfer, the payments made with Giropay are 100% guaranteed.
The shopper selects their bank from the list of participating banks. After selecting the bank, the shopper logs in to the online banking environment. In the online banking environment the shopper reviews the prefilled payment details. If all the information is correct the shopper authorizes the payment. After the authorization the shopper will receive a confirmation and the merchant can ship the order/deliver the goods to the shopper.
Payment
Giropay as well as Accounting as a Service support payments via debit/capture. The related configuration is part of the onboarding procedure and can be found in the technical application. If you have already been onboarded, please contact us or send us your request for configuration change.
In case you need help or advice, please contact us.
Settlement
The settlement for Giropay payments follows the standard collecting PSP model in Accounting as a Service.
Refund
In case of a refund to be handled as part of a return, you should follow our use case Return creation to trigger the refund procedure in Accounting as a Service. Alternatively, if the refund happens in the context of a goodwill procedure, please follow the use case Good will creation for triggering a goodwill credit within Accounting as a Service.