Sofort Bank Processing

Connecting to SOFORT Processing

Our company provides services for connecting websites to the bank processing of the German bank SOFORT Bank.

By connecting to SOFORT Bank with our help, you receive:

1. Minimisation of the security deposit amount
2. Minimal transaction fees
3. Minimal penalty amounts
4. Fastest possible contract signing and system integration launch
5. Maximum chances of successful connection
SOFORT Bank, like most European banks, has strict requirements for those wishing to connect to its processing centre. The probability of an offshore company connecting independently is minimal. However, we fully undertake the preparation of documents and the complex negotiation process, thereby ensuring successful completion of checks, as well as improving the overall image of your legal entity, which greatly affects the tariffs of all such organisations. Our specialists do the following:
• Assessment of the fundamental possibility of connection
• Preliminary bringing of the company into compliance with the requirements of processing
• Preparation of documentation, drawing up a business plan and financial model in English
• Consulting on the software compliance of the website with the requirements of processing
• If necessary, registration of a legal entity in Europe
• Conducting the negotiation process on your behalf at all stages
• Full mail and secretarial services

Services provided by SOFORT Bank

• Opening a merchant account to accept payments on the website
• Making outgoing payments
• Electronic wallets of clients within the company’s current account (personal accounts)
• Possibility of automated payment cancellation (Refund)
• Possibility of payment for goods and services for buyers from the UK, Germany, Austria, Switzerland, the Netherlands, Italy, Belgium and some other European countries
• Working with websites of the following types of industries:
– Travel
– Content
– Adult sites
– Dating service
– Processing centres
• Ready-made modules for connecting to the main online store systems (xt:Commerce, Gambio, Magento, osCommerse, etc., a complete list of which can be found on the company’s website).
SOFORT Bank provides a flexible tariff system. The cost of service depends on the type of account selected (Basic, Professional, Premium), as well as the type of services provided by the website.

SOFORT Bank Tariff Table

SOFORT Bank Requirements

1. Company information
a. Company name, address, postal code, telephone/fax, e-mail address
b. Registration authority and company registration number
c. Information about shareholders (full name, percentage of shares)
d. Information about the type of activity
e. Purpose of connecting to Sofort bank (receiving payments for services, investment, charity, other)
f. Monthly turnover, business plan, financial model for three years
2. Information about the representative
a. First name, Last name
b. Date of Birth
c. The address
d. Citizenship

Website requirements:

• English language of the website (availability of an English version)
• Availability of a privacy policy on the website
• Processing center logo
• High-quality website design, code validity
• Availability of company contacts, corporate data, telephone
Our consultants will assist you with any questions regarding the compliance of the website.
The listed requirements of SOFORT Bank are the same for all clients. The stringency of the requirements may increase depending on the age of the company. Our specialists will prepare high-quality documentation and competently carry out the negotiation process, which will minimize the duration of the procedure and the amount of the security deposit.

Advantages and disadvantages of Sofort Bank

The advantages of Sofort Bank include:
• Outgoing payments, including via API
• Ability to create personal accounts for clients
• High level of payment security through the use of online banking, not credit cards
• Zero percent chargebacks
• Working with high-risk types of services
Disadvantages of Sofort Bank:
• A small number of countries where the service is available
• Does not deal with Internet acquiring (does not accept credit cards)
With our help, you will significantly reduce the time and material costs of connecting to Sofort Bank. Also, if necessary, we will register a company for you in a prestigious European jurisdiction and open an account with a European bank. Contact us.