Sponsorid

Sponsorid is a Spanish electronic payment system that allows customers to make online purchases without entering their financial information. It is a payment method that is commonly used in Spain and other European countries. The system was created by the Spanish telecommunications company Telefónica and is now managed by the company Rede de Pagos, S.A.

The way sponsorid works is by allowing customers to pay for purchases by selecting a sponsor from their bank. The user's financial information is not transmitted to the merchant, and the payment is made directly between the bank and the sponsor. This makes it a secure and confidential way to make online payments.

Sponsorid is accepted by many online retailers, both in Spain and internationally. Some of the benefits of using sponsorid include increased security, since the user's financial information is not transmitted over the internet, and greater convenience, since users do not need to enter their financial information for each purchase.

In order to use sponsorid, customers must have an account with a bank that is affiliated with the sponsorid system. They must also have activated the sponsorid payment method in their online banking account. Once the method is activated, users can select the sponsorid payment option when making a purchase online, and they will be directed to the sponsor's website to complete the payment.

Sponsorid has become a widely accepted payment method in Spain, and its use is increasing among online retailers. The system's convenience, security, and ease of use have made it a popular choice among customers.