Bizum Casinos Overview
Bizum, a payment service initiated by Spanish banks in 2016, enables users to facilitate Person-to-Person (P2P) payments using smartphones. You can send or request funds by simply inputting the recipient's mobile number or selecting it from your contact list.
![bizum logo new]() |
| Payment Method Type | Instant Payment Service |
| Year Founded | 2016 |
| Headquarters | Madrid, Spain |
| Countries Available | 1 (Only Spain) |
| Revenue | $13.5 Miillion |
| Number of Users | 23 Million+ |
What Does Bizum Offer?
A 2022 report titled "Study on Cash Habits," conducted by Ipsos for the Bank of Spain revealed that 44% of small enterprises in Spain, casinos and online shops included, accept Bizum as a payment method. It’s the second most popular payment method in Spain, after cash.
To utilize Bizum, you don't need to download any additional applications. All you need is:
- The most recent version of the participating bank's app (with which you need to have an account);
- An updated phone contact list;
- Sign up for Bizum, accessible via the bank's app or internet banking. You can use your mobile number and a preferred account for activating your account.
With this setup, you can both send and receive funds using your mobile device. Initiating a transaction is easy: simply select a contact from your phone and transfer the desired amount, all without using your bank account details.
Fees
At its core, Bizum is free for all users, but your bank might impose its own fees. I would suggest you check with your bank directly.
Author’s Note
It's also worth noting that the only currency you can use is the euro. Always check if your bank has set its own limits. For more information, I'd advise taking a look at Bizum's FAQ section.
Is Bizum Safe?
Bizum operates exclusively through encrypted banking channels, benefiting from the security systems employed by the financial institutions. Since transfers are initiated by the user's bank, the authentication process falls under the bank's responsibility.
How to Use Bizum at a Casino?
Choose the banking institution you'd like to associate with Bizum and download its mobile application from either the Google Play Store or Apple Store.
- Select a casino that supports Bizum as a payment option from the vast choices available;
- Navigate to the casino’s Banking/Cashier/Payment Methods section;
- Locate and select the Bizum logo;
- Log in using your online banking credentials;
- Specify the deposit amount;
- Authenticate the transaction with your Bizum password;
- Your deposit should reflect in your casino balance in a mere 5 seconds.
While primarily a mobile payment method, Bizum also facilitates withdrawals. Its direct linkage to your bank account allows casinos to swiftly transfer your winnings.
For withdrawals, repeat the earlier steps, specifying the withdrawal amount.
Upon the casino's verification and approval, your winnings will be sent directly to the bank account linked to Bizum.
Keep in Mind
Bizum has a single transaction limit of €2,000. For casino winnings exceeding this limit, including jackpot prizes, the casino you choose will split the transaction into multiple installments.
Is Bizum Worth It?
While Bizum is a popular instant payment option in Spain, especially among online casinos, it has its challenges. Your payments can sometimes be hampered by errors in the diverse banking apps it operates through, and individual banks might impose transaction limitations.
Moreover, its services are limited to Spain. If you're seeking a hassle-free and globally recognized payment method, I'd suggest opting for making Visa payments at casinos. It's one of the easiest and most reliable payment solutions available worldwide.
