The benefits of Bizum show us that it is an immediate payment service that allows money to be sent between holders of bank accounts registered in Spain. Several companies joined this project and for this reason it also facilitates purchases in affiliated establishments. There are certain requirements to use Bizum and in this guide we show you the available options that you can take advantage of.
Index( )
- Is it possible to use Bizum without a bank account?
- Can a money transfer be made through Bizum to someone who does not have an account?
- What to do if I send money to someone who does not have a Bizum account?
- Can I use a Bizum account without having a phone number?
Is it possible to use Bizum without a bank account?
The payment platform allows instant operations. However, users must meet a set of requirements in order to use the tool without problems. One of them is the essential use of a bank account, since you can access Bizum from its App.
Therefore, it is not necessary to download any application for your mobile device, since you only need the online banking option and locate the service there . This means that it is essential that the entity where you registered your account is linked to the platform. Once you verify this association, you will have to activate Bizum from the App.
Most Spanish banks offer this payment alternative to their customers. You just have to select the phone number of the recipient to whom you want to transfer an amount. There, you will see the list of contacts that you save on your cell phone. In fact, it is possible to add a new one before making the transaction.
The receiver receives a text message with information about the amount and the sender. This is one of the advantages of Bizum , that it simply notifies the person of a new transaction. It is only recommended to take into account this detail, that when the shipment is made, both users must have the app enabled. Otherwise, the amount returns to the issuer.
Can a money transfer be made through Bizum to someone who does not have an account?
It is not possible to carry out this operation successfully without a bank account. Both the person who sends and who receives must have one in Spain and join the platform . There are more than 29 institutions linked to this service. You can even make payments with Bizum from wherever you are in the world without adding commissions.
However, it should be noted that if you want to send money to a family member or a friend, you do not need to create a user or download an App. You can activate Bizum to make transfers, the recipient will receive the money immediately . If this does not happen, you must request receipt of payment from your bank.
Online purchases and donations to NGOs are also made under the same scheme. Bizum has certain limits on your transactions . The minimum value that can be transferred is €0.50 with a maximum of €1,000. About the charges, the upper and lower amounts are €2,000 and €1,000.
What to do if I send money to someone who does not have a Bizum account?
The service is responsible for automatically notifying the recipients via SMS. The recipient will have two days to accept the transfer and start using Bizum with all its benefits. If you do not have a linked account with Bizum, the amount will return to your monetary balance. Therefore, there is no risk of losses in the process.
Make sure to update your bank’s App periodically, since Bizum frequently generates maintenance. Thus, you will be able to access new functions available to users inside and outside of Spain. The platform facilitates fast operations with 30 recipients. While traditional transfers have no limitations.
Can I use a Bizum account without having a phone number?
It is impossible to access the platform without having a phone number associated with the tool. This happens because the service works only through the P2P method. In this way, a higher level of security is guaranteed to users. It should be noted that the cell phone is a fundamental requirement to take full advantage of the tool.
If the recipient does not have a bank account or a cell phone number, the platform will not fulfill its function. Given this circumstance, you should look for other forms of payment similar to Bizum that facilitate online operations without the requirements stipulated by this company. Remember that sending and receiving digital money must be safe, fast and efficient.
