Sofortüberweisung was founded in 2005 in Germany. It is a payment method known for its ease of use, reliability, and security. It is used in many countries outside of Germany and throughout Europe.
Sofortüberweisung is an intermediary between the buyer and the merchant. It uses more security than other payment methods by using PIN codes and a TAN code. This unique code can only be used once and will not work once a transaction has been completed.
This payment method diminishes hacking and other online scams because of the small amount of information passed between the buyer and the merchant. This makes it a perfect scenario for those seeking more privacy and security.