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 TransferWise allow individuals to fund their currency exchange through Sofort.
Sofort is owned by Sofort GmbH.
Money Transfer Glossary
When it comes to exchanging money, paying for your transfer, understanding exchange rates and more, it’s important to understand what all the details mean. But don't worry. We’ve got you covered with our complete Monito glossary and guide to the most frequent terms you’ll come across when you send or receive money internationally.
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