it’s the alternative to Bizum that moves among the youngest

If you are looking for an application to pay from your mobile, Seeing is a good option. Discover this platform that allows you to make instant transactions and share money with your friends quickly and without complications.

If you are considering opening an account with this service, keep reading and discover all the details of this application which rivals other competitors such as Bizum or Twyp.

What is Verse, here’s how the app works to pay with your mobile

Verse is an application designed to manage payments from a mobile, thus forming an electronic money institution. You can make shared payments from your phone as well as other operations with money.

In order to make a payment for Verse we have to install the application on our mobile and from there we can control all the procedures. Whether you have an Android or iOS mobile, you can use it because It is compatible with both operating systems. Regarding compatibility with physical cards, we can link and use both Visa cards and MasterCard cards, so it accepts the two types of cards most used in our country.

This application works like a cloud where we have our money. From there we can make quick transfers if we link our credit card or we add a balance. It is also used to receive money, in this case we can store it in the application wallet or transfer it directly to our bank account.

Use this app on all these sites

Although Verse is a Spanish company, the service works in more countries. Full list of countries in which Verse operates is long and includes many European nations:

• Germany
• Austria
• Belgium
• Denmark
• Slovakia
• Europe
• Finland
• France
• Greece
• Ireland
• Italy
• The Netherlands
• Poland
• Portugal
• UK
• Sweden

Regarding the currencies accepted in this servicewe find this:

• dollars
• Pound sterling
• Danish Crown
• Swedish kronor
• Zlotys

Meet the requirements to use Verse

Later we will see how to register in Verse but first you have to know the requirements required by the service to use it. As a first condition, our mobile number must be European, this will be verified by the prefix which must belong to the European Economic Area. Moreover, we must be residents in Europe and have a valid identity documentIn this sense, it is worth using your identity card or passport. The last requirement is to be of legal age, otherwise we will not be able to use it.

How to register: open your Verse account

To open an account in Verse, you will need to follow a series of steps. It’s not complicated or tedious, just follow the instructions given in the app. First, the app will ask for a phone number which will then be verified by SMS. Once entered, your number will be saved and you can proceed to create your account. To complete it, you must upload photos of your ID, both sides.

This method offers another layer of security to prevent fraud: only you can create your personal account. Make sure images are clear and data can be read. When I arrived, it took several tries to get my documents accepted. The application will take its time to verify the veracity of the information entered and from there, you will already be a user.

If you’re old school, ask for a physical card

Verse provides us with a virtual card which can be used in mobile payment services such as Google Wallet. In this way we can use mobile technology and NFC to pay in any establishment.

Likewise, your mobile may not have NFC to pay, in this case, if we want a physical card, we can request it: go to the “VerseCard” section and at the bottom you will see the option “Request your physical card”. They will ask you to enter your PIN code and then you will have to pay 10 dollars for it to be sent to your home.

Seeing is safe: you can use it without worries

As we mentioned earlier, Verse is an e-money app and institution, and like other alternatives, it is safe. This is certified and supervised by the Bank of Lithuania it is therefore registered in Europe, which gives you certain guarantees. As the company indicates, the money is stored in Spanish bank accounts as well as in the aforementioned Bank of Lithuania, where it has a secure account that protects user funds.

As if that weren’t enough, Verse complies with necessary European regulations for entities with credit cards. They must therefore be transparent for the administrations. You can already feel calm if you are planning to use this application, many users also use it to share expenses with friends and it has a proven track record.

Regarding user security, the application allows you to create a unique PIN code to access your account. If you prefer, you can use biometric sensors such as fingerprint to access every time you access it.

How to create a group to share expenses

One of the most interesting functions of this mobile payment application is the possibility of create groups to share expenses with your friends. For example, if we take a trip or a meal, we won’t have to do the math. The app will calculate each attendee’s payout, speeding up the process.

To share expenses in Verse, go to the “Create a new group” section. Doing this is very simple It is similar to a WhatsApp group, enter a name and add the participants and you are good to go. The maximum number of participants is reduced to 80 people, so in general there will be no impediment.

As the app tells us, the ‘Groups’ feature is not just about sharing expenses but have a complete file that we can consult to avoid problems. We may also add expenses to the event, pay debts or request that they be honored.

Many advantages and one disadvantage

After reviewing all the information about Verse, it is important that we know its pros and cons. Between the most notable benefitswe find:

• Unlike Bizum, from Verse you can pay without going through your main bank’s app.
• You will be able to make instant payments like Bizum, but Verse is not limited to Spanish banks.
• Opening an account is free and there are no commissions.
• You can share expenses by creating shared events.

Like any other service, too has an obvious drawback And it is that when we receive money, it accumulates in the application wallet. If you want to use it in your usual bank, you must make a transfer. It involves a little effort and time spent that we don’t have with Bizum, even so it’s worth it.

You already know everything about Verse, there is no longer any secret so that you can enjoy mobile payments without complications. If you want to split expenses or send money, it’s a good solution.