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Request-to-Pay - Sofort
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Accept SOFORT — grow internationally
SOFORT (now owned by Klarna) is one of the most used alternative online payment methods in Germany, Austria, Switzerland, and Belgium — if you want to expand your business in Europe, accepting SOFORT payments is a must.
SOFORT is also used in the Netherlands, the UK, France, Slovakia, Hungary, Italy, and Spain.
Benefits of accepting SOFORT payments
SOFORT (“immediate” in German) lets consumers pay directly from their bank accounts in a fast, simple, and secure way, which is crucial considering credit card usage in Germany remains low at 11%, mainly due to security concerns. Bank transfer payment options like SOFORT are a more popular payment choice among 52% of shoppers.
SOFORT Banking lets you:
- Access more customers across Europe
- Increase conversions — Klarna reports 44% of customers would have abandoned carts if SOFORT wasn’t available
- Boost average order value (AOV) — retailers who offer SOFORT payments usually see a 68% increase in AOV, according to Klarna
- Stay compliant with payment security standards
- Have flexibility to issue partial or full refunds
What is the SOFORT payment process?
When a customer chooses SOFORT during online checkout or in-person QR payments, they don’t have to submit any card or personal information, increasing trust in your business.
- Shopper selects SOFORT as their preferred payment method
- Shopper is redirected to a SOFORT hosted payment page and chooses their bank
- Shopper enters bank account information and confirms the payment with a transaction authorization code
- Shopper gets redirected back to your site once the payment is confirmed
Get the SOFORT payment integration
Adding SOFORT to your business is easy. All you have to do is sign up for MONEI. Once you’ve been approved, contact support to configure this payment method in your store.
