Online purchases are a reality and every day they can be made on platforms such as MercadoLibre, on Amazon or others. Also, mobile payments are very common and thanks to this there are a lot of applications for this purpose.
That is why it is not surprising that so many users choose to create PayPal without a card or Zelle when paying for their services. However, Bizum is here to stay and make payments between individuals easier than you imagine. It’s as convenient as using a smartphone and a stable internet connection.
In this article, we’ll tell you what you need to know about it and draw a direct comparison between its strongest rivals.
Index( )
- What process follow the movements of money made by Bizum?
- How is Bizum different from its rival applications?
- see each other
- twrp
- PayPal
- Zelle
- Revolut
What process follow the movements of money made by Bizum?
First of all, you should know that you can get Bizum very easily. Therefore, you do not need to go to the App Store or Play Store to download it because it is integrated by default. In any case, it is valid that you check which are the compatible banks on the official page.
As for the process followed by capital movements made from here, there are three basic actions . The first is ‘send money’, the second is ‘request’ and the third is ‘make a donation’. Of course, it is important that you register and select your bank account. It is possible that the terms and conditions or some steps of confirmation of your identity will appear on the screen.
When you have more experience using the platform, you will be able to observe the previous movements and even create a group. Which will allow you to streamline financial procedures. Keep in mind that you need to save a list of contacts in the phone book in order to make it faster.
It should be noted that everything you do in Bizum is very secure and the other person is able to receive or cancel the requests if they wish. The good thing about this is that the sending of funds is done immediately and without major inconveniences.
How is Bizum different from its rival applications?
We know that there are several applications out there that compete with Bizum. Such as the Zelle platform or PayPal. Despite this, in this section we will tell you the main differences between these payment systems that have very particular characteristics. In this way, you can select the one that best suits your immediate needs.
see each other
Although it is true, Verse is an App that is downloaded a lot nowadays. One of its main differences with Bizum is that it is licensed at a European level . Reason why, it is not limited exclusively to banks in Spain. Thus, you can send monetary resources to countries such as Belgium, Finland, France, among many others.
Similarly, operate with various types of currencies and not only with euros and this will be easier for you when executing transactions with your friends or acquaintances . The positive is that it supports daily payments and you can divide the bills whenever you need it. There are no commissions and the process is very fast.
twrp
This is another of the alternatives to Bizum that focuses on sending payments with the use of a telephone device . One aspect that characterizes it is that you do not need to be an ING Direct user for it to work and it integrates with Google Play or Apple Play services. In this way, it is feasible to obtain discounts and special promotions.
PayPal
The issue of security is one of the biggest differences between Paypal and Bizum . For this reason, we assure you that Bizum is more acclaimed and the money goes from account to account in a matter of a few seconds. In addition to this, this App is more comfortable according to what its most loyal users say.
Meanwhile, the interface is simpler than PayPal’s and just by adding the phone number, payments can be executed without a problem. The most favorable thing is that to date there are no cases of fraud in Bizum, as is often the case with other similar methods. What assures and supports you before the most demanded electronic businesses.
cell
One of the strongest points of Zelle and that they have comparison with Bizum, is that there is a wide variety of compatible banks in the United States . At the same time, it is great because you do not have to finance separate accounts if you want to use their services. Simply provide the recipient’s email address and the funds will be received shortly.
Revolut
Last but not least is the Revolut option. Its difference with Bizum lies in the fact that the top-up of funds is simpler . In fact, it is possible to make transfers to your own account with other currencies and without paying any type of commission. Of course, the transactions must not exceed the limit of 1,000 euros in each operation that is carried out.