Before, the forms of payment were not very numerous: in cash or by card. Little by little, they were adding bank transfers, cash on delivery ... Then came PayPal. And from there the payment methods extended to one of the best known: Bizum.
This method is one of the most widely used nowadays, and it combines perfectly with banks. But, What is Bizum? How does it work? And, above all, which banks work with him? You have all this and much more in this article.
What is Bizum
Contrary to what you may think, Bizum is not actually an application. It's about a system to be able to make instant payments between individuals. It is characterized by being a secure means of payment and, best of all, that it is produced at the moment.
In this way, you avoid depending on a bank transaction (although in reality the bank itself comes into play). In this case, sending money does not need the other person to give you their IBAN code to do so, but uses an alternative system to Paypal.
How does it work
Starting to use Bizum is quite easy, but you should not neglect the steps to take to get to pay or send money to a person. Therefore, when using it, it is best to follow the following steps:
Install the app
The first thing you need is to have the application on your mobile. That means you have to download and configure it. The vast majority of bank apps already have Bizum integrated and use the same credentials as in online banking.
So the best thing is to create an account and associate the Bizum service with your bank.
Verify your number
The next step you need to do is verify your mobile number. And you will do that with a verification SMS. You must make sure that the mobile number you give is one that is linked to your bank since, if it is different, it can give some problems when configuring it (because it will not recognize it). But otherwise, you will not have any problem with it.
Send money
Now comes the important thing, that is, to use Bizum. And for that, nothing like a few simple touches. On the main screen you will have two buttons: Send money, and Request money. If what you want is to send someone, click the first button.
Now, it will ask you to choose the graceful who will receive the amount of money what do you want to send him (normally he will pull your agenda). If you do not have it in it, you can enter your phone number and in that way send the money.
In just one minute, a verification SMS is received with a code that you must enter in the app and, thus, confirm that you want to send the money.
The other person also receives an SMS confirming that they have received money and that it is available in their account.
What if I want to request money?
In case you want to request money, the system also allows it and the process is very simple. You just have to click the Request money button, and fill in three sections: payer, amount and concept.
Once you do, you receive a code and the activity will be pending until the other person pays you (at which point you will receive another message saying that the debt has already been "paid").
Which banks work with Bizum
Bizum is becoming a fairly widespread form of payment. So much so that more and more banks are looking at it to include it among their services. In fact, at present, there are already 26 banks that work with this form of payment, and that can be activated in just a few steps through the banks' own applications (or external).
These are:
- CaixaBank
- BBVA
- Santander
- Sabadell
- Bankia
- Popular
- kutxabank
- Caja Rural
- Unicaja
- Ibercaja
- Cajamar
- Abanca
- Bankinter
- Liberbank
- Kutxa Laboral
- EVO
- Rural Eurobox
- Engineers Box
- Mediolanum Bank
- cajalmendralejo
- cajasur
- Deutsche Bank
- Image Bank
- Direct Office
- Openbank
- Pastor
- ING
The cost in most cases is free, but you must be careful, as some impose a series of "costs" for making this form of payment. There are also limitations on the money that can be sent and on the transactions to be made. It all depends on each bank as they establish a series of special conditions in each one.
Where to buy with Bizum
We cannot tell you that you can buy with Bizum everywhere, because it is not true. But since this payment method came out, more and more businesses are signing up for payment with this system. At first, the payment was between individuals, without more, but now it is open to online commerce and it is a very simple and fast way to do it.
At present, there are several companies that allow payment through Bizum, big names of brands such as Iberdrola, Yelmo Cines, Decathlon, Logitravel, Balearia, Enegry Sistem, Mammoth, Alsa, Destinia, Roomdi, Electrocosto, EnanoFriki, Customize your cover ...
To know all the stores that accept payment through Bizum we recommend that you visit this link where they have a relationship of dozens of them.
Advantages of using Bizum
If you are still not convinced to use Bizum, perhaps the advantages summarized will make you take the step and start using it. And it is very easy to use.
- Simple payments through mobile. In fact, you do not need to know what the other person's account number is, but only their username to be able to manage it.
- It is very comfortable to use. It is immediate, because once you use it, the money immediately reaches the other person.
- It is safe. Because as the banks themselves are involved, the security systems they have in place are quite high.
- For any bank. Here we will give you some nuances and that is that, although there are a large number of banks that operate with Bizum, not all of them do. But if your bank does have the service, you should know that you do not have to open a new account, nor do you have to pay more for this service (except in some banks that do have commissions).