Verse may not have the level of fame that Bizum has obtained in recent times, but the mobile payments application is a good alternative that differs in some respects from the way Bizum works. See is free and immediate and we can send money in certain European countries without costs or commissions.
Advantages of Verse
One of the advantages of See regarding Bizum is that It doesn’t matter which bank you are from. It is enough for us to register and use their application available for iOS and Android. Just as Bizum is only available for Spanish banks and we cannot consider it an application in itself, since we operate through the application of our bank, Verse is a mobile application that allows you to pay and request money quickly, safely and without commissions regardless of the bank you belong to.
Verse can currently be used in Germany, Austria, Belgium, Denmark, Slovakia, Spain, Finland, France, Greece, Ireland, Italy, the Netherlands, Poland, Portugal and Sweden. In addition, we can make payments and receive them at any of the legal tender coins from these countries: Euros, Danish Crowns, Swedish Crowns and Polish Zlotys. In this sense, Verse becomes a very good alternative to Bizum, since with Bizum if we are abroad we can only send and receive money from mobile phones that are linked to a Spanish bank account.
See yourself, just like Bizum is a free service. While at Bizum we associate our mobile phone with our bank account and operate through our side’s mobile application, with Verse once we download the application we have to link our card to send money to any of our contacts. In addition, unlike Bizum, the money we receive reaches the app wallet and we are the ones who have to transfer it to our bank account. A point that perhaps not all users are not very funny but that has no major inconvenience, the only thing that we have to do one step more than in Bizum that the money arrives directly to our bank account.
More features than Bizum
As it is its own application, Verse allows us to perform some functions that we cannot perform with Bizum. These include creating events and groups. An easier way to share expenses with our friend circle. On the contrary, with Verse we cannot make purchases in online stores or pay and collect prizes in State Lottery and Betting Administrations. Nor do you make donations to an NGO, since there is no infrastructure that Bizum has for this. Although Verse is a good alternative to Bizum, perhaps it is missing that we can make purchases online.
However, with Verse we can create groups to share expenses with different circles of people. If we plan to take a trip with friends, we share common expenses with our roommates or we have a shared account on a streaming TV platform such as Netflix or Disney +, Verse makes it very easy for us. Besides, also split the bill pending expenses and instructs users to link to that shared expense what they have to pay.
Create events
Seeing also allows us to create events such as a barbecue, a birthday celebration or a wedding. Through the event we can include all participants in said event or gift and put a common boat between all so that the money is available as it is needed.
Contact your friends
Through the app feed we can see what our friends are doing becoming a fun and easy way to organize and stay connected. If we are not convinced by this function, we can also change our preferences to “private” mode.
After this analysis of advantages and differences Between Bizum and Verse we came to the conclusion that Verse can be a very good alternative to Bizum, although each mobile payment system has a slightly different approach. While Bizum is a little more limited in terms of use when traveling abroad, Verse opts for a more social interface in which to create groups to share expenses and leaves aside the possibility of making purchases in online stores.