THE PAN-EUROPEAN DIRECT PAYMENT SYSTEM
SOFORT GmbH based in Munich, Germany, was founded in 2005 and offers products and services for the secure purchase of physical and digital goods on the Internet.
SOFORT is the market leader amongst the online banking- based payment methods in Germany and Austria.
On average, 3 million Sofort transactions are made every month. More than 35.000 online merchants offer Sofort as a payment scheme to their customers.
To date, SOFORT Banking is available in 13 countries. Besides in Germany, the system is available in Austria, Belgium, the Netherlands, Poland, Italy, Spain, Slovakia, Switzerland, France, United Kingdom, Hungary and Czech Republic. SOFORT is one of the safest online payment systems on the Internet, because, with SOFORT, customers make payments using their familiar online banking details. In this way, security and privacy are of highest priority. In 2014 Sofort was acquired by Klarna and Klarna group was established. The name “Sofort Überweisung” changed to “Sofort” with local translations for each country respectively (e.g. "Pay now" in English).
How Sofort Works
Upon purchase, the consumer logs into their own online bank and authorizes the payment. The funds are then directly debited from their bank account in real-time and the merchant will receive an immediate payment confirmation.
Germany, Austria, Belgium, Netherlands, Italy, Spain, Slovakia