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SOFORT
SOFORT is an online payment service that people can use to quickly and easily pay for money transfers, products and services via a website or app. Customers can make a bank transfer directly from their account through Sofort. Individuals do not need to register with a merchant, currency exchange provider or the Sofort service before using SOFORT.
Individuals enter their online banking details through a Sofort integration at the point of purchase. Once they have entered their bank account details, they enter a confirmation code provided by SOFORT, and the payment is authorized.
Some money transfer services, like Western Union and Wise allow individuals to fund their currency exchange through Sofort.
SOFORT is owned by Sofort GmbH. Sofort is related to bank transfers, wire transfers and ACH.
The Monito Glossary
When it comes to moving money, don't let yourself be bogged down by all the jargon. Explore The Monito Glossary to get up to speed with everything you need to know about money transfers.
Other Popular Money Transfer Definitions
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