What is the purpose of being registered in Bizum?

Often, attempts have been made to streamline bank movements of money so as not to wait long for a transaction. To do this, we will talk to you about Bizum, this being the new mobile payment platform that has begun to be implemented today.

In addition, you have the advantage of resolving erroneous transactions in Bizum in a practical way with an easy-to-use system. You can also cancel any banking movement in a matter of seconds. However, if you are new to this, you should know that it is an App that has great security and that you will not have any problems.

But of course, it is usually more effective to use transfers, since it can be a little safer if it is from the same entity . In addition, by being registered, you have the possibility to cancel payments in businesses that are also affiliated with it.

Index( )

  1. What are the benefits of having a Bizum account?
  2. What do I need to have to be registered in Bizum?
    1. How to register in Bizum?
    2. Steps to link my bank account with Bizum
  3. What should I do to send and receive money through Bizum?
    1. How to send money through Bizum?
    2. How to receive money through Bizum?
  4. How long does Bizum take to reflect a money transfer made?
  5. What maximum amount can be sent through Bizum?
  6. Is Bizum a really secure virtual wallet?

What are the benefits of having a Bizum account?

The main advantage, since this platform is useful, is the fast payment method that can be implemented. Since the money arrives immediately. Just by having the person’s phone number you will be able to execute the functions of this application . In addition to this, a text message will always arrive indicating the movement made.

What do I need to have to be registered in Bizum?

If you want to join this platform, you must have an account in one of the banks that have an agreement with this platform. By arranging this, you will also need a phone number to start trading. Finally, you will have to download the application on the cell phone to enjoy the services.

How to register in Bizum?

In many of the banks that you have the accessibility to use Bizum, the registration process is very different. But what is a fact is that by having a bank account, you will already have it, it is at your disposal. You will only go to ‘ Money transfer’  and you will see the option of said platform available. With it, you must put the corresponding data.

Steps to link my bank account with Bizum

At this point, a case similar to the previous one occurs, but here you must download the App of the bank that you are using. In the case of having BBVA, you will download said application and click on the ‘Activate Bizum’ option. In this way, they will already be synchronized in the two parts. The same applies to other banks.

What should I do to send and receive money through Bizum?

Once the explained process has been completed, when entering the platform, go to the ‘Bizum’ section to carry out any operation. There, several options would be shown to execute such as ‘ Send’, ‘Request’ and ‘Donate’.  Depending on what you choose, you will fill in the data that is stipulated for each process.

How to send money through Bizum?

  • In the case of choosing this option, you will be shown 3 boxes to fill in.
  • These will be the amount, contact number and the concept of the movement.
  • Then, enter the special password of the platform and accept to make the payment. You can also make shipments with Bizum without a numberor bank account.
  • Remember that once done it cannot be cancelled.

How to receive money through Bizum?

In the case of being the one receiving the payment, you will be receiving a message that this type of operation was executed. You just have to wait for the other person to do the process and that’s it.

How long does Bizum take to reflect a money transfer made?

These will be shown immediately, about 5 seconds you will be notified that a movement has been made. With this advantage, users who have it prefer to use it than to do bank transactions. Which can last more than a day to be noticed.

What maximum amount can be sent through Bizum?

Within some restrictions that the App has, there is the limit of the amounts that you can send through it. You have the possibility of making a total of 60 operations per month, but the amount varies depending on the bank you have. In general, the highest amount is 1,200 euros per day and 5,000 per month.  

Is Bizum a really secure virtual wallet?

Many users who have had the opportunity to subscribe to Bizum have been wondering if their security is really worth it, the answer is yes. This payment method is very precise and we strongly recommend using it, since theft and fraud are nil.

 

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