Mollie allows you to quickly and easily accept payments through SOFORT Banking, a European-wide payment method available in 8 countries. It only takes 10 minutes to start receiving payments through SOFORT Banking and there are no hidden fees involved, you only pay for successful transactions.
What is SOFORT Banking?
SOFORT Banking is a European-wide payment method which allows shoppers to pay for their purchases or make donations without having to create an account. Customers use their personal online banking credentials to log in and transfer money from their bank account. SOFORT Banking has a TÜV certificate which guarantees the safety of using it as a payment method.
SOFORT Banking can be used by shoppers from 8 countries in Europe. This makes it the ideal payment method to allow for Europe-wide expansion, which will drive conversions. SOFORT Banking is available in Germany, Austria, The Netherlands, Switzerland, Italy, Spain, Belgium and Poland. It works with most consumer banks from these countries.
SOFORT Banking is a trusted and easy way of paying online. Customers use their familiar online banking credentials to log in to SOFORT Banking’s online banking environment and from there they transfer money directly from their bank account.
Over 35.000 merchants already offer SOFORT Banking to their customers, together they accept more than 2 million transactions each month. More than 20 million shoppers from all over Europe prefer to pay using SOFORT Banking.
How does SOFORT Banking work?
When customers choose to pay through SOFORT Banking, they are redirected to SOFORT Banking’s online banking environment. Here they choose their country and bank. They log in with their own online banking credentials and are shown their accounts. Customers then choose which account they want to transfer the payment from. Finally, the payment is authorised and customers are returned to the webstore. The merchant then receives a payment confirmation. This confirmation only indicates a successful transaction. After 3-5 days, once the payment has been guaranteed, the status of the payment will change to ‘paid out’.
Benefits of SOFORT Banking through Mollie
When you use Mollie to accept payments through SOFORT Banking, you don’t just get the comfort of accepting all your payment methods through one provider, which allows you to easily keep track of your accounts and export them all in one go for your bookkeeper. You get access to our clever yet simple API, built for both easy integration and handling high volumes. Our API and Dashboard allow for direct refunds and can export all your data to several different formats for your bookkeeper. Furthermore, our prices are very competitive, with no hidden fees at all.
Implementing SOFORT Banking through Mollie is easy, there’s no lengthy signup process and we have free, open-source packages and plugins available for most coding languages and e-commerce platforms, which allows for easy integration into any project. Our prices are transparent; you only pay a low fee for successful transactions. And your personal dashboard gives you crucial insights into all your transactions and statistics. Mollie is the quickest and easiest way to implement SOFORT Banking.