Surely this situation is familiar to you: a dinner with friends in a restaurant, you ask for the bill and you hear: “Oh, I forgot to go to the cashier! Or this one: a gathering of friends at a house and it’s time to order dinner. We all know someone who never carries loose change in their wallet and, with that excuse, gets out of paying their share. Good news: paying friends with Bizum is born to make the bills come out on the first try. “I’ll make you a Bizum” is already a recurring phrase when you have to make payments between friends: dinners, birthdays, travel reservations, subscriptions to content platforms… Immediate transfers with Bizum make your life easier. You only need the recipient’s phone number and the money arrives instantly and without commissions. It is the fastest and easiest way to send and receive money, make payments between friends, and already has 11 million users. In today’s post, we want to show you how Bizum payment between friends works and what are its main features. Shall we get started?
Whether you have to make a payment or you are the recipient of a transfer, Bizum is very simple to use. All you have to do is enter your bank’s app, indicate the amount, the recipient, the concept and accept the transaction. If you are waiting for someone to make a payment, you can choose the request option and, thus, you will save having to remind them. In addition to this basic operation, Bizum also allows you to carry out other types of transactions:
For payments between friends with Bizum where there is more than one recipient, you can select the option of sending and multiple request. This way, with a single transaction, all accounts will be settled instantly. One pays and the others make an immediate transfer without complications, using only the cell phone. Are you going on vacation and someone has taken care of booking the apartment for the group? No problem. From the Bizum menu you can make several different requests within a single transaction. And, likewise, you can select different recipients from your phone’s address book to transfer the same amount to all of them. Just remember that all members of your group of friends must be Bizum users.
To help you manage your expenses, when making a payment through Bizum you can add a concept that can also be seen by the recipient. In addition, you have the possibility of attaching an image to the concept to make the accounts much clearer and avoid misunderstandings. For example, you can send a copy of the bill of the restaurant where you just ordered that pizza, a screenshot of the flight reservation or a photo of the person who is going to receive the gift you bought as a group, you decide! Don’t forget that the recipient of the payment between friends will also receive the attached image.
Of course, ensuring the security of transactions between users is of the utmost importance to us. In fact, Bizum is a service supported by the country’s main banking institutions, so its use is fully regulated and has the same security guarantees as banking channels. However, it is important to note that, as a Bizumer, you can go a step further and make sure that everything goes smoothly in your payments with the application. Here are some tips to make your Bizum experience 100% secure:
Before making the payment, check that the receiver of your payment is reliable. This is especially important when you make payments for products you purchase from other people online. This service works in the same way as payment between friends, except that you may not know the recipient personally. Even if you are looking forward to getting that brand new snowboard and you want to make a quick Bizum to have it sent to you as soon as possible, slow down! Before you jump in, remember to check the seller’s reviews and, if in doubt, don’t make the payment until you are sure that the owner and the board are real.
Are you using Bizum and happen to have an outdated Android or iOS version? Aside from the fact that your smartphone will run more smoothly, keeping your cell phone up to date is a way to ensure the security of your data. Updates incorporate improvements that will help you keep your device protected. Also, set up all available keys and passwords so that no one can access your information if it is lost or stolen.
Once you have used your bank’s application, be sure to log out. This way, to log in again, you will need to enter your passwords again. Normally, banking apps are closed automatically, but it is a good idea to check this every time you use the payment between friends.
If at any time you detect an anomaly or suspicious practice, do not hesitate to contact our customer service or your bank. In this way, we will be able to follow up to ensure good service practices and rule out any anomalies that may have occurred. At Bizum we work hand in hand with the main financial institutions to guarantee the security of our service. However, the best security strategy begins with discretion and responsibility in the use of any banking application.
