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Given the opportunity to enjoy legal online gambling, Peruvian players should not experience any issues playing across online casinos; yet, until Yape appeared, they actually faced difficulties finding a proper payment method to use. This solution solved all of their problems, as quickly after its launch, it became a leading payment method offering localized and modern solutions that would facilitate users' online transactions. It oozes convenience and accessibility, and that's the reason why it is already offered across many Peruvian-catering online casinos. What's more, it is free to get started with, so it is ideal to give it a try. Stay with us to learn more about it, so you can make an informed decision on whether you'd want to try it as your payment method across Peruvian casinos. What is Yape and why use it at a Peruvian online casino?

About Yape

As the Banco de Crédito del Perú (BCP) saw the need to create a payment solution that would serve both banked and unbanked users, it launched Yape in 2017. Sure, the bank wanted to facilitate digital payments between its clients but then decided to capitalize on its position as a leading bank in the country and use the leverage to further improve the solution and offer it to practically every single Peruvian, banked or unbanked.

In 2018, the bank started partnering with other powerful banks and financial institutions in the country, Caja Trujillo, Caja Cusco, Banco de la Nacion, Caja Piura, Caja Huancayo, Caja Tacna, Caja Sullana and Mibanco, allowing users of all of these banks to use the first-ever payment app and the 2019-launched QR code payment feature.

Allowing Peruvians to enjoy a cashless life, the app proved an immense success, and today, it has over 15 million users and has partnered with more than 2 million national businesses. The fact that in 2020, it also introduced its own VISA prepaid debit card resulted in so many new users. The solution has made history and continues evolving to provide Peruvians with the most effortless online payment services. Even though based in Lima, it operates all over the country and continues growing its footprint, making life easier for both users and businesses.

Having all of this in mind, it should not be a shock for you to learn that the solution has made its mark across the Peruvian online gambling industry, too. Since it is extremely easy to get started with, as you’ll soon learn, and it can be used for deposits in the local currency, not only it is available across the top Peruvian online casinos, but it is also one of the most preferred solutions among players. So, continue reading to discover the easy steps to get started with it and start using it at your favorite Peruvian online casino.

Getting Started with It

As long as you are a Peruvian resident with a mobile device and a proper ID document, you're good to go. Just check whether you have a good internet connection, too, and you can immediately start the registration procedure.

The first thing to do is decide on the account type you want to use. If you're unbanked and you want to open an account using your ID, that's okay. You have that type of account, where your money will be stored in a BCP account created by Yape. But the other two types of accounts are depending on whether you have a card with BCP or any of the other partnered banks. Each of the three types of accounts comes with different perks and limits, so you'd need to visit its official website to figure out which type of account would work best for you.

Once you've decided on the type of account, go to the Apple App Store or Google Play Store. Download its app and install it on your decide, regardless of whether it is an iOS or Android. Open the app and press “Crear una cuenta” (Create an account). Just enter your phone number as prompted and wait for a few seconds to receive a one-time password (OTP key). It will arrive via SMS, and once it does, enter it in the designated field. Next, enter your ID document number (passport, DNI, etc) and your email address. Select which payment method you’ll be using, YapeCard, BCP card, or ID.

Finally, you’d need to create a 6-digit password, one that you will be using to authorize payments and access your app, so once you create it, make sure you write it down somewhere, so as to not forget it. And that would be it. Your account will be ready to be used all over the internet, for all kinds of payments and purchases and more, but also for online casino deposits.

In fact, let’s look over the steps you’d need to take to get started with it at your most preferred Peruvian online casino. Follow our lead, as we’ll take you through the procedure in the next section.

How to Deposit with Yape at an Online Casino?

Considering its popularity with Peruvian users, naturally, Yape is already offered across top online casinos that cater to Peruvian players. That being said, it should not be difficult for you to find proper candidates to explore that offer it. Do your search and the minute you have your options, start exploring their offerings. Go with the casino that offers all the things you need. Here at LCB, you will find plenty of potential candidates to explore, so you can read our reviews on the Peruvian casinos we have listed for you, and you’ll find your candidates in no time.

Register a player account with the selected casino, and then, to properly fund that account with Yape, go through these steps:

  1. Log into your player account and find the Banking/Cashier page.
  2. In the Deposits section, look for Yape’s logo and press it.
  3. Open your app and scan the QR code that appears.
  4. Set the amount you wish to transfer and press Yap.
  5. In an instant, the funds will appear on your balance and you can start playing!

How to Make a Withdrawal with It?

As you could assume, withdrawals with Yape are not possible. This is a payment app that allows for seamless payments and purchases, but due to its nature, it does not work the other way around.

You would need to look for an alternative solution for your withdrawals, like an eWallet maybe, or even some digital currency. These are options at most Peruvian casinos, so you better check them out to see which one would work best for you.

Applicable Fees

The app is free to download, as mentioned, but no transaction fees apply, too. You will see that your entire experience with the app will be entirely fee-free.

That is considering the casino you chose charges fees for transactions with solutions like this one. You would need to check with the casino; make sure you get in touch with the casino's Support team to double-check whether any fees apply.

Accepted & Restricted Countries

Peru is the only accepted country, of course, as you can learn in this article. We had mentioned no other country, and that's because the solution was designed for Peruvian users only, in collaboration with leading Peruvian banks.

So, if you're from any other place in the world, you won't be able to use it. You can look for a similar app that is offered in your country and casinos that cater to users from your country because this app is only available to Peruvian users.

Available Currencies

Considering the solution is only available in Peru, it should come as no surprise to learn that the Peruvian sol is the only accepted currency.

You won’t be able to use any foreign currency, as the app only supports the sol. This goes to your advantage, especially if you’ve joined a casino that also supports your local currency, as this way, you’ll go around the boring yet needed conversion fees. You can use the "Exchange dollars" section on your app to exchange up to $5,000, only if you have a BCP dollar account in your name.

Customer Service & Support Options

When you visit its official website, you will learn that there’s a Help page, where you can learn more about the solution after reading the FAQs section, and even look for an answer to your question in the Enter your query toolbar. The Help page is really informative, so you'll probably get all the answers you need here.

However, you can also contact its professional Customer Support team via WhatsApp at +51 939 339 299. The chat is a useful tool to get the answers you need, so whenever something urgent comes up, make sure you use it to get fast assistance. 

Yape payment method fees and facts
Yape is popular in these countries Peru
Countries restricted from using Yape Afghanistan, Aland Islands, Albania, Guernsey, Algeria, American Samoa, Andorra, Angola, Anguilla, Antarctica, Antigua and Barbuda, Argentina, Armenia, Aruba, Australia, Austria, Azerbaijan, Bahamas, Bahrain, Bangladesh, Barbados, Belarus, Belgium, Belize, Benin, Bermuda, Bhutan, Bolivia, Bosnia and Herzegovina, Botswana, Bouvet Island, Brazil, British Indian Ocean Territory, Brunei, Bulgaria, Burkina Faso, Burundi, Cambodia, Cameroon, Canada, Cape Verde, Cayman Islands, Central African Republic, Chad, Chile, China, Christmas Island, Cocos (Keeling) Islands, Colombia, Comoros, Congo, Congo Democratic Republic, Cook Islands, Costa Rica, Cote d'Ivoire, Croatia, Cuba, Curacao, Cyprus, Czech Republic, Denmark, Djibouti, Dominica, Dominican Republic, Ecuador, Egypt, El Salvador, Equatorial Guinea, Eritrea, Estonia, Ethiopia, Falkland Islands (Malvinas), Faroe Islands, Fiji, Finland, France, French Guiana, French Polynesia, French Southern Territories, Gabon, Gambia, Georgia, Germany, Ghana, Gibraltar, Greece, Greenland, Grenada, Guadeloupe, Guam, Guatemala, Guinea, Guinea-Bissau, Guyana, Haiti, Heard Island and McDonald Islands, Honduras, Hong Kong, Hungary, Iceland, India, Indonesia, Iran, Iraq, Ireland, Isle of Man, Israel, Italy, Jamaica, Japan, Jersey, Jordan, Kazakhstan, Kenya, Kiribati, Korea, Democratic People's Republic of, Republic of Korea, Kuwait, Kyrgyzstan, Laos, Latvia, Lebanon, Lesotho, Liberia, Libya, Liechtenstein, Lithuania, Luxembourg, Macau, Madagascar, Malawi, Malaysia, Maldives, Mali, Malta, Marshall Islands, Martinique, Mauritania, Mauritius, Mayotte, Mexico, Micronesia, Federated States of, Moldova, Monaco, Mongolia, Montenegro, Montserrat, Morocco, Mozambique, Myanmar, Namibia, Nauru, Nepal, Netherlands, Netherlands Antilles, New Caledonia, New Zealand, Nicaragua, Niger, Nigeria, Niue, Norfolk Island, North Macedonia, Northern Mariana Islands, Norway, Oman, Pakistan, Palau, Palestine, Panama, Papua New Guinea, Paraguay, Philippines, Pitcairn, Poland, Portugal, Puerto Rico, Qatar, Reunion, Romania, Russia, Rwanda, Saint Helena, Ascension and Tristan Da Cunha, Saint Kitts and Nevis, Saint Lucia, Saint Martin, Saint Pierre and Miquelon, Saint Vincent and The Grenadines, Samoa, San Marino, Sao Tome and Principe, Saudi Arabia, Senegal, Serbia, Seychelles, Sierra Leone, Singapore, Slovakia, Slovenia, Solomon Islands, Somalia, South Africa, South Georgia and The South Sandwich Islands, South Sudan, Spain, Sri Lanka, Sudan, Suriname, Svalbard and Jan Mayen, Swaziland, Sweden, Switzerland, Syria, Taiwan, Tajikistan, Tanzania, Thailand, Timor-Leste, Togo, Tokelau, Tonga, Trinidad and Tobago, Tunisia, Turkey, Turkmenistan, Turks and Caicos Islands, Tuvalu, Uganda, Ukraine, United Arab Emirates, United Kingdom, United States, United States Minor Outlying Islands, Uruguay, Uzbekistan, Vanuatu, Vatican, Venezuela, Viet Nam, Virgin Islands, British, Virgin Islands, U.S., Wallis and Futuna, Western Sahara, Yemen, Yugoslavia, Zambia, Zimbabwe Show more
Available accounts 1 account
Available currencies Peruvian Sol (S/)
Account management fees Free
Exchange fees (FX) Free
p2p Money transfer
Send money p2p Free
Receive money p2p Free
PrePaid card n/a
Points of sale limits/24h S/ 2,000 Daily
Link to terms & conditions https://www.yape.com.pe/terminos-y-condiciones/yape-persona
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FAQs

Is Yape’s official website available in different languages?

The official website lands in Spanish, but it is also available in Quechua, for all those speakers of the language that live in Peru. However, you can always use the Google Translate tool that pops up once you load its website. The tool allows you to translate the website into whichever language you wish; we tried English and it works perfectly.

Will I find Yape on social media?

Yes, you sure will. The solution is on WhatsApp, as mentioned already, but also has profiles on LinkedIn, YouTube, Facebook, TikTok, and Instagram. Just quickly follow one of its profiles and you'll be always up to date with its new posts and the novelties it introduces.

What if I lose my phone or it gets stolen?

The first step to take is to immediately call your bank and block all cards that you’ve linked to your app. Then, lock your Yape account as instructed on the Help page, and additionally, call your phone operator to block your line.

Can minors use the app?

Only if the app was created by their parent/guardian, as it would be in the parent/guardian's name. Also, the app will be on an additional cell phone. However, since to be able to use the app for online gambling purposes, you'd need to be an adult, with a proper ID, don't even try to use it if you're a minor.

Can I reverse a transaction I made with Yape?

Unfortunately, you cannot. It is not possible to cancel, modify, or reverse a transaction you made with it because transactions with it are immediate and this solution is an intermediary only. If you wish to do something about your transaction, make sure you contact your bank to see whether anything could be solved.
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