What is Sofortüberweisung? - an explanation

With many online shops you can pay with Sofortüberweisung. We show you exactly what that is, what the PayPal alternative can do and how you can use the payment service in various online shops to make your purchases.

Sofortüberweisung: This is how the payment service works

Sofortüberweisung is one of the most popular payment methods in online shops. The service is as secure as PayPal or GiroPay and is one of the most popular PayPal alternatives.

1. If you select Sofortüberweisung in the online shop, you will first be asked for your bank sort code. Your bank will be determined first.
2. You will now be asked via a secure connection to log in to your bank's online banking with your account number and password.
3. The recipient and the appropriate amount have already been entered for you. All you have to do is request a TAN and confirm the transfer.
4. Since you made the transfer using Sofortüberweisung, the service knows that the amount has been transferred with a guarantee. The online shop can now send the goods directly and does not have to wait for payment to arrive.
5. Conclusion: Sofortüberweisung helps you to transfer an invoice to online shops. The process is both safe and fast.

In the next practical tip, we will show you how Sofortüberweisung performs compared to PayPal.