How Bizum works
If you are a person looking for the simplest and safest way to make payments between friends and family, How Bizum works It is the item you were looking for. With the rise of financial applications, Bizum has become one of the most popular alternatives in Spain to transfer money quickly and without complications. In this article, we will explain step by step how to use this platform, as well as its main features and advantages, so that you can get the most out of this increasingly indispensable tool on a daily basis.
– Step by step -- How Bizum Works
- How Bizum Works: Bizum is a mobile payment platform that allows you to send and receive money through your mobile phone quickly and securely.
- Step 1: The first thing you need to do is have the Bizum app installed on your mobile phone. You can download it from your device's application store.
- Step 2: Once you have the app installed, you must associate your phone number with your bank account. This is done through the Bizum app itself or through your bank's online banking.
- Step 3: To send money to someone, you simply need to have their phone number associated with their bank account. In the Bizum app, you select the option to send money, enter the amount and the recipient's phone number, and that's it!
- Step 4: If you want to receive money through Bizum, you only need to give the person who is going to send you money your phone number associated with your bank account. Once it has done so, you will receive a notification and the money will be deposited directly into your bank account.
- Step 5: Bizum also allows you to make payments at partner merchants. You simply select the option to pay with Bizum at the establishment, enter your phone number and that's it! Payment is made quickly and securely.
FAQ
What is Bizum?
- Bizum is a mobile payment service that allows instant transfers between individuals through an app.
How do I register in Bizum?
- Download the app from your bank or Bizum from the application store.
- Select the registration option and enter your personal information and your bank account number.
- Confirm your phone number using a code that you will receive by SMS.
How does Bizum work to send money?
- Open the Bizum app on your mobile and select the option to send money.
- Choose the contact you want to send the money to or enter their phone number if you don't have it saved.
- Enter the amount of money you want to send and confirm the operation.
How long does it take for the money to arrive with Bizum?
- Money sent with Bizum received immediately, in a few seconds you will have it available in the recipient's account.
What commissions does Bizum have?
- Bizum is a free service for users, both for sending and receiving money.
Can a payment made with Bizum be canceled?
- No, once you have confirmed the operation, the payment with Bizum is irrevocable and it cannot be cancelled.
Can I use Bizum even if my bank is not associated?
- No, to use Bizum it is necessary that your bank is associated with this service and that you have the corresponding app installed on your mobile.
Is it safe to use Bizum?
- Bizum is a secure service which has security measures such as two-step verification and information encryption.
What is the limit of money that can be sent with Bizum?
- The limit to send money with Bizum is €1.000 per operation per day, although some banks may have lower limits.
How can I cancel my Bizum account?
- To cancel your Bizum account, you must contact your bank and follow the steps indicated to unlink your phone number from this service.