Yape will charge a 2.95% commission: to which transfers does it apply and from what amounts?

The popular digital wallet Yape will begin to charge a commission for using its application, as reported through its social networks. This decision is aimed at large companies that use this app to charge for their services. The trial period will last 30 days and those who meet certain characteristics will have time to join until April 30.

The name of this new function is called Yape Companies and is aimed at ventures with greater profitability. According to the official website of the application, it is designed to improve business management, facilitate sales control and other benefits for affiliated businesses. Choosing this profile is not mandatory, but could add value to business management.

Yape: what is the new function aimed at companies?

Due to some limitations established by Yape, this did not accommodate the needs of certain businessmen. For example, with the classic version, the maximum amount that a person can receive is 25,750 soles per month, equivalent to 5 UIT. This decision taken by BCP It was communicated in December of last year. With Yape Companies, these limitations are expanded along with new benefits for its users. The implementation of this new service will seek to improve sales execution and provide more facilities to clients or suppliers of large companies, which is an opportunity to improve transaction efficiency. Some of the benefits of Yape Companies are:

• Receive amounts greater than 5 UIT; that is, more than S/25,750 per month (5 UIT)
• Payment of services for up to S/3,000 per day
• Access to a sales and income report for a period of up to 90 days
• Helper Profile: This function will allow you to give special access to a person. With this profile, the manager will be able to verify whether the sale and subsequent collection made by Yape was done appropriately. It should be noted that the maximum number of people who will be able to access this function will be 5 people. They will not be able to send money, view balances or make changes to the main Yape account.
• Access to YapePos: this new function will allow payment using credit or debit cards. There will be no membership or affiliation charges, but there will be a charge for each transaction made.
• Personalized and priority attention channel through WhatsApp.

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Will Yape charge a 2.95% commission per transaction?

Yape will not charge a commission for the use of the application. For the moment, the popular digital wallet will maintain its commission-free service for most users. But where will new changes be applied? According to the multiple publications made on their social networks, this new profile within Yape It will be optional. However, the Yape Empresas service Yes, there will be a charge on transactions made after April 30, the day on which the trial period announced by BCP. The 2.95% charge will be made as follows:

• The charge will be made based on the daily sales made by the company. That is, if during the day the company raised S/1,000, 29.50 soles will be subtracted, with a profit margin of S/970.50.
• The above will apply during all days of the month in which transactions are recorded.
• At the end of each month, each user will receive a payment receipt that includes all amounts discounted during the month.