Did you know that you can use Yape to receive payments from any credit card? Do it in 3 simple steps

Yape, one of the digital wallets most popular in the country, continues to implement new functions for all its users. With more than 14 million registered users, the app developed by the BCP It allows you to speed up bank transfers, make payments and provide temporary offers for the benefit of your clients. On the utilitarian aspect, Yape also allows businesses to use this platform to manage income, view balances and better manage the user’s economic administration. For this reason, the popular application launched a special function that turns any phone that meets some characteristics, in particular, into a POS.

Historically, these electronic devices were created especially for the identification, reading and processing of data. Payments made using a credit or debit card. To apply for this tool, it was necessary to submit a specific application, which could be a cumbersome procedure for any business that is just starting. Given this need, Yape introduced the possibility for any cell phone to fulfill the functions of a POS, giving a range of options to its users and clients so that they can make their sales. Find out here how to enable this function.

YapePOS: this is how you can enable this function

The service presented by the financial institution is called YapePOS. As its name indicates, this tool allows any smart cell phone to be used as a digital POS through the Yape application. From the official page of the application they ensure that the seller will be able to receive payments from any Visa, Mastercard card and even other payment gateways such as Apple Pay and Google Pay. Among the advantages that are also mentioned are the ease of membership, zero insurance charges, immediate transfers of the proceeds and total control of sales. If you want to join this service, you must follow the following steps:

1. Login in Yape. Then, access the main menu where you should find the option Collect with YapePOS.
2. Select the Register option, and then enter the information and characteristics of your business.
3. Finally, enter the validation code sent to your email. Remember to check your spam folder.

Does YapePOS charge a commission for each transaction?

Unlike the traditional service offered by Yape, this is a different system, so it has its own characteristics. It is worth mentioning that YapePOS It does make a charge for each transaction made. This amount will depend on the origin of the card used in the payment process. If the card is Peruvian, the discount applied will be 2.95% by way of commission. On the other hand, if a foreign card is used, the commission becomes the 3.99%. It is important to note that this discount applies per transaction and not for the accumulated amount of the day.

Likewise, one of the conditions to obtain the YapePOS service is to be registered with a Yape DNI account linked to a business. To determine the type of account a user has, you can go to the final part of the general menu, where the application itself will specify it.

What is Yape?

Yape is a mobile payment application developed by Banco de Crédito del Perú (BCP) that allows you to make money transfers quickly and safely. Aimed at both banked and unbanked users, Yape makes it easy to send and receive money through the use of a phone number, without needing to know the recipient’s account number.