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8 Bizum alternatives to send money online

We bring you a small collection of 6 Bizum alternatives to send money instantly. If you prefer not to use Bizum or are not convinced by its changes in conditions, you can have alternative applications that offer practically the same thing. The days when you had to wait a day or two for the money you sent to arrive are gone, and now there are several ways to do it.

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The best 6 Bizum alternatives to send money online

Bizum alternatives

We could divide the 6 members on the list into two groups. The first three are independent applications like Bizum, and among their options, they allow you to make payments. The other three fall into the group of fintech and neobanks, with somewhat more complex registration processes.

PayPal

PayPal has been positioned as a great reference in online payments for years. It also has a system to send or request money from other users through PayPal.me link, in addition to being able to make shipments to the users you have in your contacts. Then, you can withdraw the money from your PayPal account to transfer it to your bank or use it for other operations. You can use it both through the browser and in its mobile apps.

PayPal
PayPal

PayPal stands out as an interesting alternative to Bizum due to several key advantages. First, it has wide global acceptance, allowing you to carry out transactions in more than 200 countries and in multiple currencies, facilitating international payments. Additionally, its buyer protection system provides additional security by guaranteeing refunds in case of disputes.

Therefore, you have several alternatives on PayPal. You can send money directly to bank accounts in over 90 countries, send money to another account for any user, and share your PayPal.me link so others can send you money. In addition, some businesses also allow payment with PayPal, which has a QR code system to make everything easier.

twyp

Twyp is a payment service created by ING Direct but can be used by anyone regardless of their bank. Come on, it’s not something that requires you to be an ING customer. It’s an independent service, and it will help you send money to your friends or through a barcode.

twyp
twyp

This service creates a virtual card compatible with Apple Pay and Google Pay. Since it works with the aforementioned barcode, your mobile phone does not need NFC. You can reload the card whenever you want, which is a good way to manage your money. It can be used by anyone over 14 years old.

Verse

And we continue with Verse, a direct alternative to Bizum that also tries to position itself specifically in the immediate payments sector, especially between friends. It has some key options, such as creating groups of friends to share expenses in a simpler way, since with its calculator, you can divide the expenses instantly and have each friend contribute their part.

Verse payment
Verse payment

For the rest, Verse works through its own application, which allows you to link your bank account, and payments are transferred immediately. You can also request money or send it to another user instantly. Another of its benefits is that it works at the European level, accepting banks from countries such as Germany, France, Italy, the Netherlands, Portugal, the United Kingdom, and more.

N26 MoneyBeam

MoneyBeam is the instant payment service of N26, a “Neobank” or low-cost digital bank. Their bank account is free and has no commissions, so you don’t have to go to the bank to do anything. You can also contact their products instantly. However, it has the negative point of having to open another account for banking and all the paperwork you may need.

N26 MoneyBeam
N26 MoneyBeam

Its MoneyBeam service allows you to send money to your contacts in real-time, contacts that you can add with their mobile number or email address. Of course, its other big negative point is that it can only be used between N26 clients, so despite being able to send money instantly, there are better alternatives, too.

Bnext

Bnext is a Spanish fintech company that offers some of the classic banking services, such as credit cards, debit cards, and prepaid wallets, but without technically becoming a bank. Among the services it offers is sending and receiving money instantly.

Bnext
Bnext

As with Neobanks, the problem with this fintech is that you will need both of you to be clients to operate. Yes, you indeed have to register for all the services on the list, but creating a different account is always more cumbersome. It has mobile apps, and it’s free.

Revolut

And we end with Revoult, which is also within the world of neobanks, and is one of the most used worldwide. You create an account, and it offers you many services, including the possibility of sending money instantly. By proxy, you can even transfer money in other currencies without commissions, as long as you do not exceed its limit of 1,000 euros.

Revolut
Revolut

Their app allows you to top up money by transferring it from your account. It is true that it also has the opposing point of having to be a client of the entity. However, in exchange, you have services such as payments with single-use cards, international transfers, or purchasing cryptocurrencies.

Wallapop

A user uses Wallapop from his phone, an app that now allows payments between individuals.

Wallapop, the popular platform for buying and selling second-hand products, now includes a system to send money between individuals. This way, users can sell and buy various items without using Bizum. Including a payment system facilitates transactions, providing convenience and security to users.

Wallapop
Wallapop

Buyers can now securely make payments directly to sellers through the app, streamlining the process and reducing the risks associated with cash transactions. This payment platform works both in face-to-face exchanges and in purchases or sales you make with shipping.

Info on Wallapop

Coming soon: WhatsApp Pay

Facebook has been testing a money-sending service through WhatsApp for several years, and although it has not yet arrived in Spain, it is possible that it will do so in the future. WhatsApp is one of the most used messaging app in the world, so the arrival of this service could have a huge impact.

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