Bizum says it can’t reverse a fraudulent transfer. Is this app reliable to use?

Bizum is a widely used app for fast peer-to-peer transfers, but its operation has important limitations that users should be aware of.

Once a transfer is confirmed, Bizum does not allow cancellations or automatic refunds, even in cases of mistaken or fraudulent payments.

This is because transactions are executed instantly and do not pass through an intermediary system where they could be held.

To reduce risks, it’s recommended to always verify the recipient’s number before sending money, enable security alerts with your bank, and avoid sharing your phone number with strangers to prevent deceptive requests.

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