What is Sofort?
Sofort, short for SofortÜberweisung, is a European-based online payment method. Players use it to make deposits to online casinos across the globe.
The payment processor launched in 2005 in Gauting, Germany. At the time, it was called Payment Network. The company chose to rebrand thereafter.
Currently, Sofort’s headquarters are in Munchen, Bayern. However, the company has thriving offices in 13 other countries all over Europe. These include Italy, France, Austria, the Netherlands, Belgium, and Austria, just to name a few.
Today, it is the most popular online payment method in Germany. Notably, the name SofortÜberweisung loosely translates to Sofort Banking.
Sofort is owned and operated by Klarna Group, also established in 2005. The two companies merged in 2014. They currently share a fan base of approximately 35 million clients.
Over the years, the payment solution has served more than 50000 merchants.
Sofort aims to become the most popular online payment solution globally. It currently processes upwards of 2 million transactions monthly.
Further, Sofort acts as a buffer between customers and merchants. After all, the solution does not reveal the payer’s information to third parties.
With Sofort, you do not need to create or register for an account. The service can be used as a bespoke payment system to make a one-time casino deposit.
It is important to note that Sofort is not an e-wallet. As such, it does not support withdrawals since it cannot hold funds. It is just a bridge linking a casino/merchant account to a bank account.
That being said, the service still gives e-wallets a run for their money. This is thanks to its fast deposit speeds in online gambling.
Other services offered by Sofort include:
- Sofort Billcode
- Sofort Paycode
- Sofort Ident.