Bizum amends its terms of use as of today, with new terms of use that reduce the maximum number of transactions received to less than half: they go from 150 to 60 for all the member banks of Bizum.
we will explain to you what changes in the new terms of use, as well as to offer you alternatives to Bizum, in case you want to explore new possibilities that do not limit the number of transactions you can receive.
You can only receive 60 Bizum transactions per month
Today, June 15, the new conditions of use of Bizum come into force. There is only one change in the new policies, although it is quite relevant. To date, 160 Bizum in total can be received monthly, that is, they can send you money 150 times a month through the app.
You can continue to send Bizum without limit, but only receive 60 per month
Since today, this number of operations is reduced to 60, less than half than before. It is important to note that this change only affects the transactions received, not in the Bizum that you can send. These continue without limits, so you can send money without regard, taking into account that recipients can only receive money 60 times per month.
The new conditions affect all banks that operate with Bizum and, as detailed by Bizum itself, this is how the new limits now remain after the arrival of the new conditions of use.
- Minimum amount per transaction: $ 0.50
- Maximum amount per transaction: $ 1,000
- Amount of transactions received per customer in one day: $ 2,000
- Number of transactions received by a client in a month: 60 transactions
- Number of transactions issued by a client: unlimited
- Maximum number of recipients to include in a multiple request / sending: 30 recipients
- Pending shipping time to a Non-customer: 2 days
- Duration of the pending request to a Non-client: 7 days
Alternatives to Bizum
Despite this change, Bizum continues to be one of the best alternatives to send money for free and with no commissions. However, we will tell you what are the main alternatives to the service, so you have a choice if from now on that is not enough.
Pay Pal
PayPal continues to be one of the giants when it comes to receiving and sending money. With this app we can send and receive money without limit, and we even have a method for pay in establishments using QR codes. Likewise, we can even send a link to our contacts so that they can send us money.
Pay Pal
Revolution
Revolut is a neobank that allows us to send money instantly to our contacts. One of its strengths is that we can send money in more than 30 currencies, the application itself carrying out the automatic conversion, provided that an amount of $ 1,000 per transaction is not exceeded.
Revolution
N26
Something similar is happening with N26, one of the best neobanks around. Via MoneyBeam, your money sending service, we can send and receive without limits. You just enter the transaction amount and the person receives it.
N26 – Mobile Banking
Verse
Verse is another of the most popular apps for sending and receiving money with friends. In fact, has a calculator to divide expenses and make shipments quickly. The balance we send through Verse automatically reaches the bank account.
Verse – Payments
Twyp
Finally, we will tell you about Twyp, the Bizum alternative to ING Direct. It is a service that allows you to send and receive money quite simply, and it even has an integration with Google Pay for making payments in stores.
Twyp – Mobile payment for everything and for everyone
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