Bizum is one of the great alternatives as a payment method to carry out transactions and settle accounts between friends. Many online stores and physical stores already support this payment method. However, the platform last year limited the number of operations you can receive per month by capping 60 monthly transactions. So, can freelancers use Bizum in their businesses?
Bizum has become one of the most practical tools. It is a payment system via mobile phone from our own bank, without having to resort to making a traditional transfer. Although there are alternatives to Bizum, there are many online businesses that have included this payment method and many small businesses that seek to facilitate purchases with their customers through this payment method.
Bizum limitations
The platform updated its conditions of use and limited the number of transactions that users can make daily through this service in June 2021. Bizum reduced from 150 to 60 the number of operations that can be received per month in a bank account. However, there is a solution so that self-employed workers can continue to use Bizum without restrictions in their businesses.
This measure was launched in order to avoid the shadow economy. The reduction in the number of transactions per month could be an obstacle for many businesses that use Bizum as an alternative to dataphones for credit card payments. In fact, it is increasingly common to find bakeries, butchers, even street stalls in markets that use this payment method because they do not have the usual banking services.
How to operate with Bizum if you are self-employed
Despite these restrictions, freelancers can increase the number of instant transactions with Bizum allowed. From the company’s website they report that “to receive payments from customers through Bizum, the self-employed person must contact their bank to contract this service.”
This means that if you are self-employed and want to receive payments through Bizum you must sign up through your bank as “electronic commerce”. Adhering to this service and making it clear that you are not an individual, but a business so that you can operate without the limitation of 60 operations per month.
“The bank with which you contract the service will tell you the steps to follow and, in particular, how to easily integrate the Bizum button on your payment page, whatever your technology platform. any trade, large or small, can incorporate Bizum”, they explain. The good acceptance of this means of payment by consumers has awakened the need for small businesses to offer it to their customers. Some point out that it is another service that works very well, especially among young people. In addition, one of the biggest advantages for the self-employed is that receiving payments through Bizum it’s instant regardless of the bank with which their clients operate.