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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.
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.
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.