Apple Pay is the most widespread payment platform among iOS users, however, while Apple Pay Cash arrives in Spain, we have to take advantage of other fast money transfer platforms such as Bizum. And this is one of the many possibilities offered to us through Bizum, the system for sending and receiving money instantly and free of charge that Spanish banks offer their customers. It is very easy to use, but if you have any doubts about Actualidad iPhone we bring you a manual so you can get the most out of Bizum and thus send money to your friends and family.
What is Bizum?
Bizum is another platform for fast payments and transfers, with the advantage that it is integrated into the mobile phone applications of most of the banking or credit entities available in Spain, a huge number of banks allow us to make payments through by Bizum. This is the way in which banks stand up to the different platforms that are offered in the market such as Samsung Pay, However, they have the exclusivity of making these "transfers" quickly, and the fact is that Bizum is actually like making a transfer, but instantly, since even if you send it to a phone number, the money will be assigned to the bank account of the user who is registered through that phone number.
If your bank is in the image, you are in luck, you will simply have to download the application and register in Bizum within the drop-down menu To do this, follow the following steps:
- Open your bank mobile app
- Search the Bizum drop-down menu
- If you are not registered yet, just click on Bizum and accept the conditions
- We will assign you a phone number and send us a message to confirm the login
It is important that we emphasize the fact that we can only have a bank account assigned to a Bizum number, If we want to assign another bank account from a different bank, we simply have to follow the same steps mentioned above and we will receive an SMS confirming that we have canceled the Bizum from the previous bank and it has been assigned to a new bank account.
How to send money with Bizum
This system is basically aimed at allowing us to send money quickly, in fact it is instantaneous. No more excuses with friends of "put it on me that I am not wearing loose now", and it is that he will be able to give you the money through Bizum totally quickly and instantly, this is an advantage that other systems do not have. This is how easy a money transfer can be made through Bizum whatever the reason for it.
These are the steps we must take If we want to make a transfer through Bizum, you will not have any difficulty beyond finding the correct section of the iOS application from your trusted bank.
- Open the bank's mobile app
- Search in the drop-down menu Bizum
- Click on the button "send money" and select the quantity to send
- Choose one of three ways to assign the recipient: To a trusted contact; To a contact in my phone book; To a phone number.
- Wait for the transaction to complete and receive a confirmation
Once we have made the transfer this movement has no possibility of cancellation, If we believe that we have made a mistake, we can request its return through the steps that we are going to leave below these lines, or the other alternative is to contact our bank to try to find a possible solution. You also have to remember that the maximum operating limit through Bizum is the sending of 500 euros, as well as the minimum limit is 0,50 euros.
How to request money through Bizum
The other advantage of Bizum is that of ask for money, Through this mechanism we can "remind" the person who owes us money what the exact amount is, and give him the possibility to follow the link that will arrive by SMS to make the deposit or transfer of that amount that he owes us. As we have said, we can also use it if we have made a mistake in sending money, so we can solve problems quickly. These are the steps we must take if we want to request money through Bizum:
- Open the bank's mobile app
- Search in the drop-down menu Bizum
- Click on the button "ask for money" and select the quantity to send
- Choose one of three ways to assign the recipient: To a trusted contact; To a contact in my phone book; To a phone number.
- You will receive an SMS with a code that you must enter in the Bizum platform
- Wait for the transaction to complete and receive a confirmation
And in essence this is the way we have to request money through Bizum, as with sending money the maximum operating limit through Bizum is the sending of 500 euros, as well as the minimum limit is 0,50 euros.
Is it safe to use Bizum?
Bizum is a platform for fast «transfers», Therefore, we should not expect more security on this platform than that offered by a bank transfer or an income, it is not cancellable instantly, so we must contact our bank to solve any problem that has arisen, and Above all, it does not have a civil liability insurance assigned as it happens with credit cards.
For all this it is important that we use Bizum with due responsibility and we avoid making transfers to strangers, taking security measures if we are making a purchase-sale through this platform, for example. Be that as it may, we hope that this tutorial has helped you to use Bizum easily and quickly and all the possibilities it offers.
