SOFORTbanking (formerly known as Direct ebanking) is a variation on payment via bank transfer and enables customers to pay from a number of countries using their own familiar banking environment. This is an excellent option if you also want to sell your products or services outside the Netherlands. This payment solution is particularly popular in Germany, although consumers in countries such as Austria and Belgium are also increasingly using it.

Supported by 20,000 banks in the EU

Around 20,000 banks in the EU support SOFORTbanking’s online payment system. Account holders at these banks can use the payment service via their own banking environment.

SOFORTbanking checkout page

SOFORTbanking for your online shop

SOFORTbanking is an easy-to-use payment service that makes it possible to transfer money directly from several countries. The payment is processed by the consumer’s own bank. This payment method meets strict security standards and has therefore acquired several certifications, including the TUV certification.

Your customers do not need to create an account to use the SOFORTbanking payment option. Similarly, entrepreneurs do not have to register for anything either. You can set everything up quickly and easily via PAY. A web shop with SOFORTbanking is available through the free Pioneer (XS) package.
 

Pitfalls of Sofort

A SOFORTbanking payment is a SEPA bank transfer payment. However, it is possible that a payment might not be received. PAY. monitors the reception of payments for you and notifies you once a payment has been received, and also if a payment has not been received after ten working days (at the most). Unreceived payments are increasingly prevalent, especially associated with desirable products such as smartphones, computer equipment and high-value tickets. You should therefore carefully consider when to ship your products.

Contact your account manager to discuss the settings best for you if you wish to use the SOFORTbanking payment method. Depending on your service, they can advise you and help you avoid potential trouble in the future.