The wire switch it is among the oldest things there’s. As a substitute of taking cash out of your account and placing it in one other, you do the transport instantly. Up to now it was achieved on the window, then from the ATM and, not way back, from the web and out of your financial institution’s cellular functions. However then Bizum arrived.
Bizum is not the primary to supply sending cash between people. PayPal and others have been round for a very long time. The particularity of Bizum is that it has the assist of virtually all of Spanish banking entities plus, it’s really easy to make use of that has been achieved with the favor of the general public.
However this cash switch app serves many things. Let’s see 4 examples of what Bizum provides himself to make your everyday simpler by way of collections and funds.
A number of switch
The commonest motion in Bizum is to ship cash to an individual. However this service related with your financial institution additionally permits ship cash to a number of individuals directly. Particularly, you can ship cash to a most of 30 individuals.
To do so, on the time of cargo you should embody telephone numbers or contacts out of your phonebook who will obtain the desired quantity. To do this, merely click on on the + image so as to add extra individuals.
Understand that you will ship the desired quantity to every of the indicated individuals. If you put € 20 and 4 contacts, you will probably be sending € 20 to every one, that’s, a complete of € 80. The identical occurs if you ask for an quantity To a number of individuals. It must be the identical quantity for all. That’s, you can’t pay or request completely different quantities in a a number of switch.
Share checking account with Bizum
Your Bizum account is yours and yours alone. That’s, solely you can ship and obtain cash with your account. However this does not stop that if you have one shared checking account, you can use it with a number of Bizum accounts.
Come on, you don’t have to share your Bizum account. As a substitute, every person can have their very own account. After all, what will probably be extra comfy for you is to create a joint checking account with a purpose to share bills and revenue.
The inflows and outflows of cash will seem differentiated in accordance with the Bizum account utilized in every case. So you can higher management bills.
Bizum has grow to be well-liked for facilitating fee between people, however its managers wish to go additional and grow to be a substitute for the bank card, PayPal, Apple Pay, Amazon Pay or Alipay, amongst others.
So if you are an everyday at Bizum, you can undergo this hyperlink and see in which on-line shops you can make purchases and pay out of your cellular with this software. Along with on-line shops, there are additionally bodily shops the place you will discover the Bizum label or sticker.
Ship cash to somebody who does not use Bizum
Though many individuals use Bizum, there are nonetheless those that do not have their person account activated. Both as a result of you have by no means had the necessity or as a result of you are not . The query is, what if I would like ship cash to somebody and you don’t use Bizum? Will that cash be misplaced in our on-line world?
Clearly, to ship and obtain cash by way of this service you have to have it activated. The excellent news is that if you ship a fee to somebody who doesn’t use it, you will obtain a message discover inviting you to register.
In response to these accountable for the service, “your cargo will probably be pending till the recipient registers, at which period the cargo will probably be made. Sure, after two days from the date of sending the cash, the recipient does not register, the operation will probably be canceled mechanically ”.
If you ask for cash from somebody with out Bizum, the request will probably be despatched. What if “after seven days from the date of dispatch, the recipient is not registered, the operation will probably be mechanically canceled ”.