Bizum: The Easy Way to Make Payments

Bizum is a popular payment method in Spain, making it easy to send and receive money with just a few taps on your phone. It's a convenient way to split bills with friends or family.

You can use Bizum to pay for everyday expenses, such as groceries or utility bills, and it's even accepted by some online retailers.

Bizum is a Spanish wallet that lets customers pay with their mobile phone. It's a convenient way to make payments, and it's surprisingly easy to use.

Once you're redirected to the Bizum portal, you confirm the payment with your phone number and a password. This makes the payment process smooth and hassle-free.

You can make payments in a browser or in the Bizum app, which is a nice touch. It means you can choose how you want to pay, depending on your preferences.

The integration process is straightforward, requiring only three additional parameters to be sent along with your request. This makes it easy to implement Bizum as a payment method.

Bizum offers a secure payment experience with no fees involved. This means you can trust the platform to handle your transactions without any additional costs.

The system is designed to provide instant availability of funds, with the money reflecting in your account 24 hours a day, 7 days a week, 365 days a year.

Over 95% of national banks offer this solution, making Bizum a universally accepted payment method.

You can request money directly through the Bizum app, which is integrated into your bank's own application, providing a seamless experience.

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Bizum is a free payment service that allows you to send and receive money with your mobile phone. You can use it to pay online from a merchant's website or make donations to NGOs.

To send money, all you need is the recipient's phone number, and you can enter an amount between €0.50 and a maximum of €500. You can also write a note for the transfer.

Bizum transactions are linked to an authorisation code, which you must show to your customers during the payment flow. The authorisation code is displayed on the Redsys intermediate page or on your returnUrl, depending on the configuration set up by Redsys.

To pay online, select Bizum as the payment method in the merchant's website, introduce your phone number, and receive a notification from Banco Mediolanum. You can then confirm the payment from the app.

Here are the steps to complete the payment process:

1. Select Bizum as the payment method in the merchant's website

2. Introduce your phone number

3. Receive a notification from Banco Mediolanum

4. Confirm the payment from the app

The payment process is easy, fast, and secure, with no need for top-ups or additional security measures.

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Bizum is a popular payment service that allows users to send and receive money across borders, but have you ever wondered which countries and currencies are supported?

Bizum supports over 30 countries in Europe, including Spain, Germany, Italy, and France.

The service allows users to send and receive money in their local currency, with no need for conversion fees or exchange rates.

This means that users can send and receive money in the currency they prefer, making international transactions more convenient and cost-effective.

Bizum is integrated with popular payment methods like PayPal and Google Pay, making it easy to send and receive money.

The service is available in many European countries, including Austria, Belgium, and Portugal.

Users can also send and receive money to and from non-EU countries, with some restrictions.

Bizum supports a wide range of currencies, including the Euro, Pound Sterling, and US Dollar.

The service is designed to be user-friendly and secure, with robust encryption and protection against fraud.

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Bizum is a secure payment service, backed by the safety systems of the banks that use it.

The payment process is secure, as it's executed through the bank and requires authentication.

You'll need to enter a one-time password (OTP) sent to your mobile device to confirm the operation securely.

To use Bizum safely, it's essential to take some precautions to avoid potential risks.

The payment process with Bizum is surprisingly straightforward. You can make online purchases and use Bizum to pay if the store accepts Bizum payments, and you'll be asked to provide the phone number of the registered Bizum user to validate the purchase in the imagin App.

To complete a payment, your customers will finalize an order in your shop and select Bizum, then you'll send a CreateHostedCheckout/CreatePayment request to our platform, redirecting your customers to the redirectUrl or merchantAction.redirectData.redirectUrl. If your customers have the Bizum app installed, it will open automatically.

Your customers will enter their personal data, including their phone number and password, to confirm the order. Our platform will receive the transaction result, and based on the configuration set up by Redsys, two scenarios are possible: either Bizum redirects customers to the Redsys intermediate page displaying the transaction's authorisation code, or directly to the returnUrl.

If you choose to display the authorisation code on your returnUrl, make sure to retrieve it from the GetPaymentDetails/GetHostedCheckout request or via webhooks, and display it on your returnUrl. This will ensure that your customers can see the authorisation code and complete the payment process.

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The transaction process involves several steps, including:

If the transaction is successful, you can deliver the goods or services to your customers. And don't worry, Bizum offers maximum guarantees according to Spanish and EU legislation, making it a secure payment method.

If you're having trouble sending or receiving Bizum payments, check your internet connection to ensure it's stable and strong.

Bizum requires a stable internet connection to function properly, so if your connection is weak or unstable, you might experience issues.

Make sure you have the latest version of the Bizum app installed on your device, as outdated versions can cause problems.

The Bizum app is regularly updated to fix bugs and improve performance, so keeping it up to date is essential.

If you're still having trouble, try restarting your device, as this often resolves connectivity issues.

A simple reboot can work wonders in resolving connectivity problems, so don't be afraid to give it a try.

If you're still experiencing issues, check your phone's settings to ensure that the Bizum app has the necessary permissions to access your device's functionality.

The Bizum app requires certain permissions to function correctly, so make sure these are enabled in your phone's settings.

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Bizum offers maximum guarantees according to Spanish and European legislation. This ensures a secure payment process, thanks to its use through your bank.

The payment method is backed by several institutions, including Banka MediolanumMediolanum GestiónMediolanum PensionesMediolanum International FundsMediolanum International LifeGamaxBankhaus August LenzMediolanum Corporate University, which adds to its reliability.

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Bizum has specific limits for its operations to ensure smooth and secure transactions. The minimum and maximum amounts for each operation are €0.50 and €1,000, respectively.

These limits are in place to prevent any potential issues. The maximum amount received by a client per day is €2,000.

There are also limits on the number of operations a client can receive in a day and a month. A client can receive up to 40 operations per day and 60 operations per month.

Additionally, clients are limited to 60 payment requests per month.

Making a purchase on an electronic store through Bizum comes with some amazing guarantees. You're protected by the standards set by Spanish and EU legislation, ensuring a safe payment process.

One of the banks that supports Bizum is Banka Mediolanum, which adds an extra layer of security to your transactions.

Bizum's connection to Mediolanum Gestión, Mediolanum Pensiones, and Mediolanum International Funds also means you're covered by their financial guarantees.

Mediolanum International Life and Gamax are other banks that work with Bizum, providing a secure payment environment.

These banks, along with Bankhaus August Lenz and Mediolanum Corporate University, have partnered with Bizum to offer a safe and reliable payment method.

Here are some of the banks that support Bizum:

You can use Bizum in the imagin app, specifically in the payments section, to make quicker transfers.

To use Bizum, you'll need to have an imaginBank account and register with Bizum, which requires just a phone number and pairing it with your imaginBank account.

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To integrate a Hosted Checkout Page with a server-to-server connection, you need to add specific properties to your CreateHostedCheckout or CreatePayment request.

You'll need to include the paymentProductId, which is a numeric identifier of the payment method on the platform. This instructs the platform to send customers directly to the Bizum portal. If omitted, customers will be sent to the Hosted Checkout Page instead.

The returnUrl is also required, specifying the URL customers will be redirected to after the payment has been finalized.

You can set the requiresApproval property to either "true" or "false", depending on whether you want to process payments in authorization or direct sale mode.

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You can use Bizum in the imagin app. It's a feature that allows you to make quicker transfers in the payments section.

To use Bizum, you'll need an imaginBank account and to register with Bizum. All you need is a phone number and to pair it with your imaginBank account.

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Spain is a trailblazer in the adoption of instant credit transfers, with a whopping 53% of all transfers processed in the country being instant transfers, compared to the European average of around 15%.

Bizum has been a key part of this growth, receiving a warm reception from Spanish consumers who demand real-time financial services.

The collaborative endeavour behind Bizum, where the Spanish financial sector came together to meet this demand, is a distinguishing feature compared to other European countries.

A high degree of accessible accounts at most Spanish banks, as well as an easy, mobile number-based user experience, have contributed to Bizum's success.

Bizum launched in November 2016, backed by the Banco de España, and has since become the preferred SEPA Instant Credit Transfers-based mobile payment solution.

Sending and requesting money using Bizum is straightforward, requiring only the recipient's mobile phone number and the amount to be transferred.

This mobile phone number proxies the IBAN of the recipient's account, allowing a SEPA instant credit transfer to be activated, and the transfer is paid and fully available in a matter of seconds.

Bizum's potential doesn't stop there, with other bricks-and-mortar stores expected to join Spanish lottery premises in using QR codes and other technologies for contactless phone payments at points of sale.

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