This is the new monthly supply limit you will be able to make.
Bizum has become one of the most popular forms of payment in Spain. In fact, it already has over 27 million active users in the country and 70,000 online businesses have adopted the system. That is, more than half of the population supports Bizum. The truth is that the benefits of this payment method are varied and are ideal for ensuring user privacy. From security to instantaneity, Bizum now goes much further with the number of transactions allowed.
Bizum offers new payment options for maximum shipment amounts
According to recorded data, the number of users joining the Bizum payment system continues to increase. More and more buyers are choosing an instant, convenient and secure system. This method is now dedicated to making purchases and donations. expanded the maximum number of transfers that can be sent per month. As stated on its web portal, users can carry out up to 60 transactions per month, with a maximum amount of 1,000 euros per transfer. In addition, the accumulated monthly limit is now 5,000 euros. Although it is true that at the moment there is no maximum number of transactions per day, the limit amount is 2000 euros per 24 hours.
Meanwhile, The leading instant payments platform supports a minimum and maximum amount for each transaction ranging from 0.50 cents to 1000 euros.. One of the big advantages of this payment system is the variety of requests and submissions. In addition to restrictions on individual transactions, Bizum allows you to send money to multiple recipients. Despite this, the number of people willing to do this is limited. Currently, only 30 people can receive a group send with a maximum request of 60 transactions per customer per month. The platform reminded on its web portal that Bizum is used not only in purchase and sale transactions, but also It can also be used to donate to those who need it most.. “Solidarity has no limits, so donations to Bizum have no limits. Unleash your generosity and support all the charities you care about most, whenever and wherever you want through Bizum,” the platform states.
Overall, this payment system is committed to innovation and its experts continue to work on improving money transfers to facilitate any type of economic exchange. This is a tool that is also used by small local businesses that don’t use traditional phones for data.. However, caution should never be taken on second-hand buying and selling platforms, as experts warn of the presence of cybercriminals who use this type of payment systems to commit economic fraud.
Be very careful about “reverse Bizum” scams.
Bizum is one of the most secure payment systems in existence as it is supported by major Spanish banks and all transactions are recorded. Despite this, cybercriminals never stop reinventing themselves, and their scams have reached Bizum. A few days ago, the Civil Guard published a statement on social networks warning of a “reverse Bizum”. The truth is that, as its users know, There are no requests required to send money, but you do need to request it.. Despite this, many cybercriminals use those who are not yet familiar with this payment system to commit fraud. Such is the case with the new “reverse Bizum” they run through platforms for buying and selling used goods.
The scammers pretended to be a buyer interested in the ad. He further assures that he prefers to pay through Bizum rather than through the system offered by these platforms as they store the amount until the item reaches the recipient. This is when a request is sent to the buyer’s phone to withdraw money rather than to deposit money, but those who do not know how it works prefer to accept it. “To avoid falling into the trap, keep in mind that you never have to accept money to receive it.”– the Civil Guard explains on their social networks. Benemérita agents also advise users selling second-hand goods to be wary of those who request a payment system external to that offered by the platform itself.