Sofort

#Real-time banking

SOFORT is a widely used online banking payment method in Europe, especially in Germany, Austria, Switzerland, and Belgium. It has 85 million users and is essential for businesses operating […]

Market coverage 9
  • Austria
  • Belgium
  • Germany
  • Italy
  • Netherlands
  • Poland
  • Spain
  • Switzerland
  • United Kingdom.
Currencies 4
  • Euro
  • Poland Zloty
  • Switzerland Franc
  • United Kingdom Pound
Description

SOFORT is a widely used online banking payment method in Europe, especially in Germany, Austria, Switzerland, and Belgium. It has 85 million users and is essential for businesses operating in Europe.

Sofort GmbH is now part of the Klarna Group and offers fast, simple, and secure payments directly from consumers’ bank accounts. Customers can authenticate their payments through their existing online banking interface and a one-time confirmation code, while merchants receive real-time confirmation for speedy dispatch of goods or immediate download.

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Frequently Asked Questions

What are the best practices for managing cross-border payments?2023-04-18T18:56:57+02:00

NORBr is a payment orchestrator that connects you to all cross-border payment services providers that can help you manage your cross-border payments efficiently and securely, while also ensuring compliance with relevant regulations. NORBr offers advanced features like fraud detection, currency conversion, and real-time tracking and reporting, which can help you optimize your payment processing for cost efficiency and speed.

What are the risks associated with cross-border payments?2023-04-18T18:57:21+02:00

Cross-border payments can be associated with several risks for you, including currency fluctuation risk, regulatory risk, and fraud risk. Currency fluctuation risk refers to the potential impact of exchange rate fluctuations on the value of your payments. Regulatory risk relates to the complexity of complying with different regulations in different countries. Fraud risk refers to the potential for fraudulent activity, which can be more difficult to detect and prevent in cross-border transactions.

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