Bizum Online Casinos
Players across international online casinos are often faced with the trouble of finding a suitable payment method to use, but Spanish players can make use of the local Bizum solution. This is a mobile payment solution allowing Spanish players to deposit and withdraw across online casinos with a few simple taps on their mobile devices. Transactions with it are pretty quick and really cost-effective, but above all, incredibly convenient. The best part is, the solution is getting accepted by some major online gambling sites, so before you give it a try, stay with us to learn more about it. Why use Bizum as your online casino payment method?
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Bizum FAQs
What is Bizum?
Bizum is a mobile payment solution launched by major Spanish banks, allowing Spanish online casino players to make swift, secure and low-cost transactions with just a few taps on their device.
How many banks offer its service?
As mentioned, the solution was launched by major Spanish banks. Its services are provided via Grupo Cooperative Cajamar, BBVA, Sabadell, Liber Bank, Santander and Caixa Bank. However, it is also a service you can use as an holder at Targo Bank, Orange Bank, Openbank, ING, Imagin, Deutsche Bank, Cajasur, Caixa Ontinyent, Banca Pueyo, Bankoa Grupo ABANCA, Arquia Banca, Cajalmendralejo, Caja de Ingenieros, Eurocaja Rural, Mediolanum Banco, EVO, Laboral Kutxa, Bankinter, ABANCA, IberCaja, Unicaja Banco, and Kutxabank.
Are there any minimum and maximum transaction limits I should know about?
Yes, considering this is a mobile payment solution, and security is at its core, there are some transaction limits. The minimum you can move on the internet is €0.50 per operation, while the maximum €1,000. You can make up to 150 operations in a month. Per day, the max you can receive is €2,000. Keep in mind that your bank may impose its own limits, so before you start transacting with it, make sure you consult with your bank.
Am I allowed to link only one number to it or can I link more?
As a matter of fact, more than one number can be linked to one . For instance, if you want to link your friend’s/partner’s/spouse’s number to make Bizum payments with, you can link their numbers to the same .
Can I change the bank linked to the service?
Yes. You would need to put in the request on the bank’s app, and then, you will receive a message on your mobile device asking you to confirm the change from one bank to another. If you want to do that, just confirm the change and you’ll get instructions on how to start using the new bank .
About Bizum
Bizum is a Spanish banks launched it in order to include digital innovation in the traditional banking sector in the country. Their objective was to allow s to use a solution that would meet their expectations in of security and convenience. Its services are actually provided by Sociedad de Procedimentos de Pago S.L, which is a company owned by 24 major Spanish banks. However, you should know today, its services are offered by more than 30 associated banks, among which Grupo Cooperative Cajamar, BBVA, Sabadell, Liber Bank, Santander and Caixa Bank.
As soon as it was launched, the solution became a huge hit, especially among the younger population. They even started using the expression “I’m making a Bizum” instead of, say, “I’m paying with Bizum”. That’s why it should come as no surprise that the solution is offered by several other d banks and over 4,200 online platforms are using its service. The solution has over 11,800,000 s, which says a lot about the convenience it provides both s and merchants. And as such, it received some of the most prestigious awards in the finance world, such as Best Fintech Product Award at Rankta in 2017, and then for two consecutive years, 2019 and 2020.
But what kind of service does it really offer that made it such a popular solution? Well, the convenience is obvious. As long as you have a bank with one of the associated banks and you have a smartphone, you’re meeting the requirements to use it. As simple as that. Provided you do have, then you can make quick, secure and simple payments with just a few taps on your mobile device. What’s more, the solution doesn’t necessarily need to be used online only; you can also use it across land-based establishments to split expenses with friends, for instance, and pay bills. The best part? You can also use it across online casinos, since the solution has managed to enter the online gambling industry, as well. We’ll now explain how to get started with it and use it across online casinos for incredibly easy deposits and withdrawals.
Types of Services Offered
In this section, we’ll explain how does the solution work, and the type of service it provides, even though we mentioned some of it already. But you should know right away that there won’t be any complicated process for you to start using it.
With it, you will be transacting quickly and securely across both online and land-based establishments. You can get started with it in two ways. You can either its own app or your bank’s app. The second option is simpler because you probably already have installed your bank’s app on your phone. If that’s the case, just enter the bank’s app and before you make a payment, choose to do it through Bizum. If you haven’t installed the bank’s app already, you can do that by visiting the bank’s official website and following the steps to install it. Again, once the app has been installed, enter it and enable the “Pay with Bizum” option.
If you wish to its own app, you can do it by visiting Google Play Store or iOS operating systems. and install the app and then enter the app using your online banking credentials. That way you’ll to your online banking profile right away. From there, you’ll again need to choose to use the solution to make payments, and you can immediately start using it.
Regardless of the way you request a transaction via it, your bank will send you a unique Bizum that you’d need to enter in the designated field when asked, to finalize the transaction by validating it.
For security reasons, you cannot link two or more bank s to the service. You can only have one bank active to make transactions with it. You can change the bank as many times as you need to, but still, only one bank is allowed at a time.
How to Deposit with Bizum?
Considering Spain’s online gambling is legal and regulated, Spanish online casino players can enjoy all kinds of games and any online casino they want. But the best part is, Bizum is becoming an option across many online casinos, both those regulated by the Directorate General for Regulation of Gambling and international casinos. So, to start using this solution for deposits and withdrawals, you would first need to choose one of the many casinos that offer it as a payment method option.
The choice of casinos that accept it would be huge, so you’ll surely find one suitable for you to . As soon as you do, do the following:
- Head over to the casino’s Banking/Cashier/Payment Methods page.
- Find Bizum’s logo and tap on it.
- to your online banking profile using your credentials.
- Enter the amount of money you’d like to deposit.
- Validate the transaction using your unique Bizum .
- Your deposit will arrive on your online casino balance in an instant, in less than 5 seconds!
How to Withdraw Winnings with It?
Even though a mobile payment solution, Bizum actually also offers the withdrawal service, believe it or not. Since it is directly connected to your bank , it allows the casino to send your winnings there, and pretty quickly, as a matter of fact.
You would need to go through a similar procedure, only this time, you’d need to specify how much money you’d like to withdraw. The casino, after reviewing and approving the transaction, will send your winnings directly to your bank , the one linked to the service.
But, there’s a limit as to how much you can receive per operation via this solution, and that’s €2,000. So, if you’ve won more than that or even better, you’ve hit a jackpot prize, the casino would need to pay you out in several transactions, over a longer period of time.
Country Restrictions and Other Limitations
The country restriction is obvious; Bizum is only accepted in Spain, even though it plans to go global. But, as you could see, as a , you can still send transactions to foreign numbers, to international online casinos. Nevertheless, to start using its services, you need to have a Spanish phone number and to have a bank with one of the many associated Spanish banks.
Here, we need to mention the transaction limits, as well. The max you could receive per day is €2,000. The minimum you can send is €0.50 and the maximum €1,000. Also, here, we need to mention the currency limit. The only applicable currency, as you could notice, is the euro, since this is the currency used in Spain.
Other than these restrictions and limitations, the solution is incredibly convenient to use. In fact, we need to mention here that it charges no fees for its services! That’s right, since it was launched as a common project by the leading Spanish banks, it is a fee-free solution. But, the solution warns you to still check with your bank to see whether any bank-related fees would apply, considering each bank comes with its own fee policy.
Advantages and Disadvantages
The advantages you’ll be getting as a Spanish player using Bizum are huge. You will be making safe and secure, and above all, fee-free transactions to and from online casinos in just a few taps on your mobile device. You would only need to have a Spanish phone number and an with one of the many associated banks to start using it, so the convenience is obvious.
To get started with it, you don’t even have to lift a finger, as long as you have your bank’s app installed on your mobile device. If you don’t, you can easily it, or you can Bizum’s own app and start using its services right away.
In just a few simple taps on your device, you’ll be sending instant deposits to your online casino and you’ll be getting swift transactions.
On that note, though, withdrawals with it may take a while in case your winnings are bigger than €2,000. This is the limit for receiving funds on a daily basis. And while talking about limits, we must mention the fact that other transaction limits apply, and the fact that you can only use the solution as a Spanish citizen, with a Spanish phone number and an with one of the Spanish banks.
Final Analysis
What more can we say about this solution? The solution speaks for itself. The service it offers Spanish players is unrivalled. As a Spanish player, with a Spanish phone number and an with one of the eligible banks, you can use Bizum to make instant deposits and quick withdrawals across many online casino sites. The solution is incredibly easy to get started with, and super-convenient to use, since all you need to do is tap on your mobile device a few times, and there it goes; your transaction is completed.
Not only is the solution super-quick, but it is also affordable since you don’t need to pay any fees when transacting with it! But, this convenience comes at a different type of price. You would need to respect the transaction limits per day, and you cannot make more than 150 operations with it per month. Other than that, if you decide to use it, you will see that this payment method is a one-of-a-kind solution for Spanish players across both casinos licensed in the country and international online casinos. Make sure to give it a try the first chance you get!
Bizum Online Casinos
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