Are you worried about the safety of your money at every opportunity? transfer by Yape? Find out what you can do to avoid scams and how to increase the chances of getting your money back fraude.
If you make transfers daily in Yape and you are concerned about the security of each of them, this note is for you. The popular digital wallet in charge of the Credit Bank of Peru has an optional tool available to its users that will allow its clients to recover up to S/3,500 in different cases of theft or fraud.
With more than 14 million users nationwide, the application offers a series of security mechanisms to prevent any type of misuse without the user’s consent. Therefore, and to add another layer of security, Yape gives its users the option to add an extra layer of security through an additional service.
Scams in Yape: Can I get my money back if I get scammed?
Yape Yape has various security mechanisms that allow its users to keep their money safe and free from unwanted transfers. However, the user may become the victim of a specific event, such as scams or bank fraud. In that case, Yape does not have a method that allows the immediate return of funds once they are sent; however, there is an additional method that the user can add to their account in order to be more protected in such cases.
This is the ‘Safer Money’ service provided by YapeThis insurance protects users in three cases: unrecognized purchases, unrecognized money withdrawals, and unrecognized transfers. It is important to mention that this insurance is additional to the traditional digital wallet service, so S/4.99 must be paid monthly.
Yape: What does the insurance protect against?
The ‘Secure Money’ service offers protection of up to S/3,500 per year. This amount is divided into different special situations that will be detailed below:
- Unrecognized transfers: this protects the user in the event of transactions made through BCP’s digital service channels, including Yape.
- Unrecognized withdrawals: if the debit card is used without the person’s consent for a maximum amount of up to S/1,000.
- Unrecognized purchases: the insurance covers up to S/1,000 for the improper use of digital channels in physical stores and for online purchases resulting from theft or online fraud.
How can I activate Yape insurance?
- Access the security area: Within the app, go to the security or protection section.
- Enable protection: Select the option to activate Safer Money protection and follow the steps indicated.
- Make the subscription payment: Complete the monthly payment of S/4.99 to activate coverage.
Source: Larepublica

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