{"id":16797,"date":"2022-04-27T11:34:56","date_gmt":"2022-04-27T09:34:56","guid":{"rendered":"https:\/\/paynopain.com\/?p=16797"},"modified":"2026-05-11T12:32:16","modified_gmt":"2026-05-11T10:32:16","slug":"bizum-for-businesses-advantages-of-its-use","status":"publish","type":"post","link":"https:\/\/paynopain.com\/en\/blog\/bizum-for-businesses-advantages-of-its-use\/","title":{"rendered":"Bizum for businesses: advantages of its use"},"content":{"rendered":"

You have probably used Bizum in your daily life to send money to someone, split the bill after a night out with friends or a dinner, but did you know that you can integrate this payment method into your business?<\/span><\/p>\n

We tell you everything you need to know to <\/span>integrate Bizum<\/a> among your business\u2019s payment methods.<\/b><\/p>\n

<\/span>What is Bizum?<\/b><\/span><\/h2>\n

It is a payment tool that has become increasingly popular in recent years, <\/span>allowing users to make payments easily, quickly and, above all, conveniently through their mobile phones<\/b>. In recent years, it has become the preferred payment method among friends, as it allows users to send and request money from others who also use Bizum, free of charge and instantly. Nowadays, many businesses also allow their customers to pay using Bizum.<\/span><\/p>\n

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Bizum has marked a before and after in the world of payment systems. A true revolution that, since its beginnings, has continued to grow and increase its number of users. It currently has more than 20 million users worldwide, a figure that continues to rise year after year, along with the number of Spanish banks integrating this alternative.<\/span><\/p>\n

Although it originally started as a solution for sending money between individuals, it is becoming increasingly common to find this payment alternative in <\/span>e-commerce<\/b>. As we have mentioned on multiple occasions, users value having different payment options available during the purchasing process. Therefore, including Bizum among your business\u2019s payment methods will help provide a better shopping experience for customers and increase your sales.<\/span><\/p>\n

<\/span>Advantages of Bizum for businesses<\/b><\/span><\/h2>\n

These are some of the advantages of accepting payments with Bizum in your business:<\/span><\/p>\n

Flexibility and convenience<\/b><\/h3>\n

Adding different payment options to your business will give customers greater flexibility and convenience to choose the alternative that best suits their needs. This will create a positive and satisfying shopping experience.<\/span><\/p>\n

Security<\/b><\/h3>\n

All transactions must be verified through two-factor authentication, complying with the current European PSD2 regulations and reducing the chances of fraud in your business.<\/span><\/p>\n

Speed<\/b><\/h3>\n

Once authentication has been completed and the transfer request has been confirmed, the money will immediately appear in the beneficiary\u2019s account.<\/span><\/p>\n

Visibility and trust<\/b><\/h3>\n

It is a payment method already known by a large part of the population, so implementing it in your e-commerce business will generate greater trust and provide more visibility among users.<\/span><\/p>\n

Maximise conversion<\/b><\/h3>\n

By adding this payment alternative, you will increase your business revenue, both in physical stores and online.<\/span><\/p>\n

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<\/span>How does Bizum work for businesses?<\/b><\/span><\/h2>\n

Bizum is a payment alternative available for all types of businesses, from small companies to large giants such as El Corte Ingl\u00e9s, MediaMarkt or AliExpress.<\/span><\/p>\n

As it is a payment initiative backed by the <\/span>Spanish banking system<\/b>, it has the support of a large number of financial institutions in our country. Only commissions Bizum for businesses has are those that depend on the fees charged by your payment gateway.<\/span><\/p>\n

The process of making payments with Bizum in any business is very similar to a payment between individuals.<\/span><\/p>\n

First step is reaching the merchant\u2019s checkout screen and selecting Bizum from the available payment methods. Once selected, we will have to verify the payment through our mobile phone by entering our phone number. Next, we will receive a confirmation of the transaction and, once we validate it, we will receive a notification to confirm the payment, just as the recipient will receive both the payment and the notification.<\/span><\/p>\n

<\/span>Which banks offer Bizum for businesses?<\/b><\/span><\/h2>\n

Bizum is an initiative created through the collaboration of the entire Spanish banking ecosystem, which is why it is supported by the country\u2019s major banking institutions. Below, we show you the banks that offer this service.<\/span><\/p>\n

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To check whether your bank offers this service, you can consult it directly through your bank\u2019s mobile application.<\/span><\/p>\n

<\/span>Is Bizum compatible with all devices?<\/b><\/span><\/h2>\n

Bizum has been designed to be compatible with a wide range of devices, allowing businesses and their customers to use this online payment platform conveniently and flexibly. Below are the different ways Bizum can be used across various devices:<\/span><\/p>\n