Paid Bizum: Could you in the future have to pay a commission every time you use it?

Bizum is an application that adds users every day and the fact that it is free is its main advantage, but there is concern that at some point it will charge for movements.

When talking about Bizum, the advantages of the application that is beginning to surpass a giant such as PayPal in some aspects are obvious. Use via mobile it is safe and fast, there are no commissions and more and more banks include it in their applications.

There are also some drawbacks that do not go unnoticed, such as the fact that transfers made by mistake cannot be canceled, something that also gives wings to scams. However, there is more and more talk of charging for their use, an issue that could be a brake for the application.

The first thing to understand about this application born in 2016 is that the company does not obtain benefits from individual users, no matter how large the number of people who use it, but receive their profits from companies through its specific service for them.

This obtaining of benefits is what pushes him to continue investing so that more and more individuals approach Bizum and they begin to also sue companies to allow them to pay with the application. Which makes it easy to understand what the business strategy is.

As reported in Capital, in 2021 “505 million operations were carried out between individuals, with a total volume of 26,000 million euros”. An impressive figure.

The situation does not prevent interest from being charged in the future, but it does not seem that it will be immediately. A first step has already been taken with individuals by limiting the number of monthly movements and one could almost think of it as logical that the door to collect would be opened a fee for exceeding that figure, though not to all users. In any case, we point out that no one has commented on this.

Bizum’s success lies in the fact that the movements are free while most banks charge you for transfers. Therefore, it is not to be expected that a step will be taken that would stop its growth, although who knows if it will reach some clients whose use of the application is almost professional.