Bizum payments
Cardflo enables Bizum payments, Spain's popular mobile payment solution, allowing merchants to accept instant transactions directly from customer bank accounts. This integration offers access to a significant Spanish user base, providing a convenient and secure payment option that boosts conversion and simplifies the checkout process.
What you get.
- Direct integration with the Bizum mobile payment network in Spain.
- Instant payment confirmation and expedited settlement.
- Access to a large and active Spanish consumer market.
- Reduced transaction fees compared to card payments.
- Enhanced security via bank-level authentication for every transaction.
- Improved conversion by offering a preferred local payment method.
Common questions.
What is Bizum and its main function?
Bizum is a mobile payment service in Spain that facilitates instant money transfers between individuals and payments to businesses directly from their bank accounts. It integrates with most Spanish banks, providing a convenient and widely adopted payment solution accessible via mobile apps.
How does Bizum benefit merchants operating in Spain?
Merchants in Spain benefit from offering Bizum by tapping into a large user base that prefers this method for its speed and simplicity. It leads to higher conversion rates, reduces cart abandonment, and offers a secure alternative to traditional card payments, lowering processing costs.
Are there transaction limits for Bizum payments?
Bizum typically has transaction limits set by individual banks, both for sending and receiving funds. These limits are generally sufficient for most retail and service transactions. Merchants should be aware of these limits, though Cardflo's integration manages the technical aspects.
Ready for velocity?
Tell us about your business. We'll match you with the right acquiring partners and the right route, typically inside a week.