Sofort is an online payment solution that can be used by people who have bank accounts in 8 European countries, including Germany, Austria, and the Netherlands. Sofort is particularly popular in Germany.
The Sofort payment system works in the same way as a regular bank transfer, with the difference being that payment details like the amount and the name of the recipient is already filled out. This way, Sofort simplifies the process and reduces the chances of human errors when making transfers. The speed of a Sofort transfer is generally the same as a bank transfer within the countries where it is available.