The digital age is increasingly present in our lives, and more and more services have the technology for it and of course the bank is one of them. For a few years now, applications have been created to streamline a number of procedures, and one of them is the number
Bizum is a service that speeds up money transfers since it is instantaneous, although with this you also have to be careful since there are certain risks that the user runs. That is why today we are going to explain how cancel a Bizum that has been made by mistake.
What is Bizum
More and more users are using this method to send money or request a payment, although most people know how it works, many are not aware of the risks of using it.
Bizum is a platform or service that has been developed by the banks of Spain in which instant money transfer from one bank account to another using the phone number is possible. It is increasingly integrated into more banking applications.
Its greatest advantages is that in addition to the speed of the transfer (since, as we said, it is instantaneous), it does not have commissions or extra expenses.
As for its operation, on paper, it is very simple:
- Look for the application of your bank in the Play Store or App Store.
- Download it on your device.
- Access with your account or sign up for the online service.
- Select the Bizum section. If you have done it for the first time you will have to register with a phone number.
- Ready you can start using the service.
Note that to be able to use Bizum you can only have a phone number associated with the account. If you change your mobile, you can unlink the old one and re-link a new phone number, you can do it as many times as necessary.
Can a payment be canceled in Bizum?
How you see the use of this service is very simple and easy to understand. So far the advantages of this service are very broad, but as in everything, there are also drawbacks.
The main drawback is due to the simple operation of the system and for its incorrect use. This means that in a situation where you have mistakenly sent an amount of money to the wrong person, you will not be able to cancel the operation or have the money returned by the system itself.
For this same reason, before sending money, the application asks you to enter the recipient's number twice, without being able to copy and paste, so you will have to manually enter both numbers.
Given that It is not possible to cancel the operation of a Bizum, the only way that exists to avoid it is the one that we tell you below:
Make the shipment calmly and dedicating time, without hurry. Check and ensure that the recipient's number is correct. You also have the option of selecting the contact to whom you want to send directly from the agenda. Another possible option if even after doing this you have made a mistake, is to ask the recipient to return the money.
How to cancel a Bizum
If we are aware that we have mistakenly sent a Bizum to another person, There are several possible situations to be able to recover the money.
The error may have occurred when manually entering the number, and with a bit of luck that number does not exist and you do not have Bizum. In that case you will receive an error message and in a short time you will see that the money returns to your account.
Another situation is that the receiver knows that the money does not belong to him, acts with good intentions and rejects the operation. When the transfer is made, there are seven days of margin to accept or reject the shipment.
Once we have seen the advantages and disadvantages of Bizum, we affirm that it is a very useful and practical service. And it is that the service it offers, the ease of handling it and its effectiveness make it increasingly used.
Some Bizum features how to make a shipment immediately, that there are no shipping costs or commissions, the request for a payment or even being able to separate an account in a restaurant are among many others, the reasons why Bizum is so successful among users.
While the only drawback that we have found with this service is that there is no possibility of being able to cancel a shipment in the event of an erroneous transaction to a person. It must be taken into account that despite the fact that it is a significant inconvenience, there are different solutions or precautions that the user must carry out in this regard and that, although they are basic, many times they are not taken into account:
When sending a payment, it is important to do it calmly and without haste. Use contacts to select the recipient instead of manually typing the number. As you may have seen, although you cannot cancel a Bizum, You have enough tools to be able to find possible solutions to this common error.
