Bizum
Bizum for e-commerce was launched in 2019 and now holds a 20% market share, growing annually. Currently, Bizum is the most popular online banking payment method in Spain.
Properties
The following table lists the product properties supported by Bizum:
Payment type | Online banking | ||
Acquirer | AlipayEU | Merchant entity location | EU |
Buyer country/region | Spain | Refund | ✔️ |
Processing currency | EUR | Partial refund | ✔️ |
Time to return payment result | Real-time | Chargeback/Dispute | ✔️ |
Minimum payment amount | 0.01 EUR | Refund period | 365 days |
Maximum payment amount | 3,000 EUR (Set by each bank) | ||
User experience
Note: The following payment flows on different terminals are reference only, and represent this payment method's flow on different terminal types. For supported merchants' terminal types, consult Antom Technical Support.
The following graphic shows the user experience of paying with Bizum:
- The buyer selects Bizum to pay.
- The buyer enters the phone number.
- The buyer receives a push notification from the bank on the waiting page.
- The buyer clicks the push notification to redirect to the bank app.
- The buyer authorizes the payment in the bank app.
- After completing the payment, the buyer manually switches to the merchant page to view the payment result.
Supported online payment integrations
Antom offers a range of integration options tailored to each payment method. Each payment method may support different online payment integration options, allowing for flexibility based on your business requirements. The table below provides detailed information about the specific integrations available for each payment method: