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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.
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.