What is sofortbanking?

Sofortbanking is an easy to use direct credit transfer system based on the high security standards of online banking and a TÜV certified data privacy. The customer does not have to register, does not have no fund a virtual account and does not need a credit card. Using the secure payment form, not accessible for any merchant or third party, the customer automatically triggers a credit transfer to the merchant. The settlement is directly performed on the merchant bank account within bank transfer times (0-2 days). The key benefit as compared to normal credit transfer is the instant confirmation of the order sent to the merchant allowing an instant delivery of goods and services.

More informationen about this development you find at the website of Payment Network AG.