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Introduction

Online gambling might be well-established and regulated in Peru, but that does not mean that Peruvians get many local payment options to use to fund their casino accounts; that’s why Yape is one of the best options you'll encounter across sites that cater to players from your country. This is an already pretty popular payment app among Peruvians, which, as soon as it appeared across online casinos, was an instant hit with players from the country. It offers modern solutions to problems with online transactions, anyone can use it, and it is extremely easy to get started with. If you like what you're reading, continue doing it, as here, you'll find out all about it. What is Yape and why decide to try it as your deposit method across Peruvian online casinos?

About Yape

Yape is, as introduced, a payment app launched in 2017 by none other than the Banco de Crédito del Perú (BCP). The BCP saw the lack of similar solutions on the market, that both banked and unbanked citizens could use, and decided to create it itself, to facilitate online transactions. At first, the app was supposed to serve banked users and smoothen transactions between the bank’s users, but then, the leading bank used the leverage and decided to capitalize on its position and made the app available to literally anyone, even those without an active bank account.

That’s one of the main reasons why the app took off immediately after its launch. The BCP went further and partnered with major financial institutions and banks in the country, like Caja Piura, Caja Cusco, Caja Trujillo, Caja Tacna, MiBanco, Caja Sullana, Caja Huancayo and Banco de la Nacion, to allow users with an active bank account access to the app. This happened in 2018, and the following year marked the launch of the QR code payment functionality.

Being an instant hit, the app today serves over 15 million Peruvians, giving them the chance to get a taste of the cashless life. It also partnered with over 2 million local businesses, both small and medium-sized enterprises, connecting them to users in the most seamless way. In 2020, its user pool increased significantly, after the VISA prepaid debit card was introduced. With that move, the app made history but continues to provide the most seamless services to Peruvians from all over the country.

Therefore, you should not be surprised to learn that the minute it launched and became a hit with Peruvians, the solution got offered across the online gambling market in Peru. Considering how effortless it is to get started with and use, millions of Peruvians are using it for their deposits already. And, a great number of Peruvian casinos accept it, so stay with us to learn exactly the steps you need to take to start using it yourself.

How to Start Using Yape

You only need to meet two conditions to start using the solution. The first one is to be a Peruvian citizen, of course, with a valid ID document. And the second one is to have a mobile device connected to the internet. As long as you’re meeting them, you are good to go.

To get started, you need to first decide on the account type (tipos de cuenta). First, if you’re unbanked, you should know that you can register only one type of Yape account. You would need to use a government-issued ID document, and a BCP account will be created to store your money there. The two other types of accounts are for banked users, one for BCP users and the other one for users of any of the other partnered banks. Naturally, each of these three account types comes with its own limits and perks, so make sure you visit the solution’s official website to find out more about them.

The minute you decide on the account type, go to the Google Play Store or Apple App Store and download the app, depending on the device you’re using, respectively. Install it on your device and open it. Press “Create an account” (Crear una cuenta). As soon as you enter your mobile phone number, a one-time password (OTP key) will arrive via SMS. Enter it where appointed, and then provide your email address and ID document number. Next, select whether you'll be using an ID, BCP card, or YapeCard, and then create your 6-digit password. You'll be using this password whenever you're accessing your app and authorizing payments, so make sure you make it one that you'll remember by heart, or save it somewhere, just in case.

With that, your account will be up and ready to be used across Peruvian online casinos. On that note, join us as we share with you the simple steps you’d need to take to successfully make a deposit with it at a Peruvian online casino.

Depositing and Withdrawing with the Solution

We already mentioned that online gambling is completely legal in Peru, and there are many sites you could join to enjoy seamless gambling time. These are sites powered by some of the best developers in the industry, with new ones strengthening their presence in Peru by signing deals with the leading online casino sites. So, not only will you get access to top sites, but also to industry-leading games. As some options, we can mention Dafabet, MOSTBET, and Bizzo Casino, but do not hesitate for a second to find your own candidates.

Once you find the right site to join, register your player account with it. Continue by following these steps to make your first deposit with Yape:

  1. Access your player account and locate the Cashier page.
  2. Find Yape’s logo on the list of accepted Deposit methods, and press it.
  3. Enter your app and simply scan the QR code.
  4. Specify how much you wish to deposit and tap Yap.
  5. The funds you requested will instantly be transferred to your balance.

We never mentioned any, and that’s because you cannot make withdrawals with the solution. The solution only works one way, allowing users to make purchases and payments via the app and cannot process transactions the other way around.

Since you cannot receive money in your app, you would need to look for a payment method where you can. eWallets work like magic for cashouts, as do digital currencies, and most Peruvian casinos give you plenty of such choices to consider, so you’ll certainly find one suitable for you in no time.

Coverage and Restrictions

Designed by the Banco de Crédito del Perú for Peruvians, the app can only be used by citizens and businesses based in Peru. It functions in collaborations with major Peruvian banks, but even unbanked users can use it, as long as they are Peruvian.

That being said, if you’re from any other country in the world, holding your breath and hoping there’s still a chance to be eligible to use it, sorry to break it to you, but you’d need to look for a different payment app to use, one that is offered for your country, since this solution is only offered to Peruvians.

Fees and Additional Charges

The minute you load its official website, you will find out that anyone can use the app, for free! That's right, no transaction fee applies, there's no download fee, nada.

However, make sure you double-check with the casino you chose whether it charges fees for using apps like this one for your deposits. Most don’t, but be 100% sure before you select it as your payment method and check for yourself, in contact with the Support team, if needed.

Accepted Currencies

Knowing quite well now that the solution is only available in Peru, it goes without saying that the only currency you'll be able to use when using it is the Peruvian sol.

There won’t be a chance to use a foreign currency, not even for an exchange fee, as the sol is the only supported currency. There is a chance to exchange up to $5,000 if you have a BCP dollar account, using the “Exchange dollars” option in-app, but that would be it; your transactions must be in sol.

Customer Support

There is an extremely detailed FAQs section on its official website, which you can find right after you hop to the Help page. There’s even an Enter your query toolbar (Ingresa tu consulta), where you can manually type your problem and see the possible answers generated below.

But, you can also get in touch with its friendly yet expert Support agents via the WhatsApp app, at +51939339299. Do not hesitate to reach out to them, especially if your issue requires urgent assistance.

Conclusion

If you're a Peruvian online casino in search of the ideal payment method to use for your deposits, you've found it – Yape is your best choice! This is a payment app that allows you to transact in your native currency, it is free and easy to use, so why wait any longer? Give it a go this very moment!

FAQs

Are transactions made with Yape reversible?

No. They are sent in real-time, so they are impossible to reverse, modify, or cancel. The solution is an intermediary service, so in case you wish to try and reverse your transaction, and you're a banked user, try contacting your bank to see whether something can be done. Unbanked users certainly cannot reverse a transaction made via the app.

Can anyone really use the app, even minors?

In case the parent or guardian wanted their minor to have the app, yes, and the account will be in the parent's or guardian's name. The app, however, will need to be installed on an additional cellphone, not the same phone as the parent's or guardian's. That same minor, however, cannot use the app for online gambling purposes, of course, since only adults can engage in online gambling.

What do I do in case my phone gets lost or stolen?

Since your bank card is linked to your app, the first thing to do is effective immediately call your bank to block your card. Then, go to the Help page on Yape’s official website and follow the cues to lock your account, and then get in touch with your phone operator to block your phone line.

Is Yape active on social media?

Other than its WhatsApp profile, the solution has profiles all over social media. You will certainly find it on Instagram, TikTok, Facebook, YouTube, and LinkedIn, so depending on the one you're active on, feel free to explore its profiles and follow the one that suits your interests best.

Can I explore Yape’s official website in English?

The official website, of course, is in Spanish, but the other option you have is Quechua, of course, for the Peruvians who speak the variant. Now, the minute you load the site, you are given the Google Translate option in the top right corner, asking you whether you wish to translate the page into English (or select any other language, for that matter), so consider using it if you wish to translate the site in the language you wish.

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Online casinos accepting Yape as a payment method

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