How to cash lottery through Bizum

Let’s start at the beginning. Did you know that the Bizum payment in the Administrations of Loterías y Apuestas del Estado was the first face-to-face payment project we launched? That’s right, you could say it was by popular demand. We received a lot of comments from bizumers and businesses encouraging us to develop a face-to-face payment and collection system. And so we did. We got down to work and, together with SELAE (Sociedad Estatal Loterías y Apuestas del Estado), we launched this project with a clear objective: to speed up the process of both payment and prize collection.

An ambitious project that became a reality at the end of 2020 and was the pilot of a system that continues to grow more and more every day.

This procedure is very simple. Before I explain if you can cash lottery through Bizum you must take into account two steps:

• • 1. That you have activated Bizum in your mobile.
  • 2. That your bank has enabled this easy, fast and simple payment and collection system. You can check it here.

If you meet these requirements, you can now follow the steps below to cash lottery through Bizum:

• • 1. Go to the Bizum section of your app.
  • 2. When this is ready just select the option to generate a “QR Bizum” code.

* Although if you prefer to simplify step 2, you can directly scan the QR that you will find in your Loterías y Apuestas del Estado establishment and it will take you directly.

• • 3. Show the code to your lottery retailer so he/she can scan it and confirm the transaction.
  • 4. Once the transaction is confirmed, both parties receive a notification of the transaction to confirm that it was successful.

And that’s it! Now you just have to enjoy your prize (up to a maximum of 2.000€) or wait to see if luck decides to bet on you.

You should know that security is the most important thing for Bizum. For this reason, and in order to cash your lottery through Bizum securely, with its service complies with the European PSD2 directive and eCommerce payment security regulations. In addition, Bizum is an initiative of the Spanish banking industry, so you are counting on the backup of your security systems. La transferencia de dinero siempre la ordena tu entidad, que es la encargada de autenticarte.

And in the specific case of paying or collect lottery by Bizum you should know that it is also a very secure process. The code that confirms the transaction varies every 15 minutes, which is the estimated time for the transaction to be valid. In addition, when the payment has been made, both parties receive a notification of the transaction to confirm that it has been made correctly. So there are no doubts.

If you have a lottery administration and want to know the benefits of incorporating the system of paying and collecting lottery lottery payment and collection through Bizumcontinue reading:

• • Bizum is a very fast payment system. It only takes you and the user a few seconds to generate the code, so you reduce the waiting time.
  • 2. Bizum has no commissions of any kind, nor interest.
  • 3. The user only needs his cell phone to make any kind of operation.
  • 4. It is 100% secure, we are backed by banks.

Talk to your entity and activate it now!