Sofort
Founded in 2005, Sofort is one of the most popular online banking transfer systems in Germany. Covering all German banks, Sofort is a fast and convenient online banking payment method for users to shop online.
When paying with Sofort, users are redirected to Sofort's website to authorize the payment, and Sofort initiates the transfer directly from the bank that the user selects. After the user completes the payment, Sofort needs to verify whether the user pays successfully, so you usually receive a payment result notification within 2-7 business days. Alipay will synchronize the payment result with you after receiving the payment result from Sofort, and you can decide whether to ship the goods to buyers before receiving the funds.
Properties
The properties of the Sofort payment method are shown in the following table:
Payment type | Online banking | ||
Acquirer | Alipay SG, Alipay EU | Acquiring region | SG,AU,HK,EU |
Payment flow | Redirect | Checkout Payment | ✔️ |
Buyer country/region | Germany | Auto Debit | ❌ |
Funds deduction | Real-time | Refund | ✔️ |
Processing currency | EUR | Partial refund | ✔️ |
Minimum payment amount | 1 EUR | Chargeback | ❌ |
Maximum payment amount | Unlimited | Refund period | 365 days |
User experience
The following screenshots show the journey of paying with Sofort:
Figure 1. Payment process with Sofort