WhatsApp is one of the most used instant messaging applications in the world, so they wanted to take advantage of their social impact to launch payments and transfers through their app. And this innovation is going around the world, since it is the first time that WhatsApp offers this type of service. Although there are many users who have been asking for this advance for months, since there are countless companies that have their businesses related to the application, so being able to carry out payments from WhatsApp It is of great convenience, both for the businessman and for the clients.
This is how payments will be from WhatsApp
Currently, this service has only been launched in Brazil, but it is expected to arrive in Europe in the coming months. The main function of this new functionality that WhatsApp has added will be to function like PayPal, but more direct and intuitive.
Thanks to this service you can make instant transfers to both your family and friends. Although WhatsApp has imposed a limit of €172 for each transfer, you can still make up to a maximum of 20 daily transactions, which will have a maximum limit of €880. Transfers will be made from the debit or credit card that you have registered within WhatsApp, so payments will be made through Facebook Pay.
Obviously, this service is not only focused on sending payments to friends and family, but companies will also be able to receive transfers from their clients. But for this they must be registered in WhatsApp Business, with which you will have the advantage of being able to receive payments from any type of card.
What will be the commissions that we will have to pay for using this service?
The operation is similar to that of PayPal in practically all aspects. Therefore, commission rates have the same format as PayPal, since if you send money to your friends or family, the recipient will not have to pay any type of commission. But, on the contrary, if you do the payments from WhatsApp towards a company, it must pay a commission of 3% per transaction.
What will happen to Bizum when you can pay from WhatsApp?
Bizum is the most used payment service application in Spain, and since its launch it has been a boom on the national scene, but what will happen when WhatsApp launches its service?
Looking only at numbers, we have to say that WhatsApp is an unbreakable giant, so when this functionality is released in Spain it will be a boom, which will result in a slowdown in the growth of Bizum. And, the instant messaging application has millions of downloads in Spain, and 85% of mobile users in Spain use WhatsApp. Therefore, when this application launches this service it will already have a large number of clients, which will lead to a big setback for Bizum.
In short, the possibility of carrying out payments from WhatsApp It will be a great advance within the digital sector.
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