Yape in Peruvian Casinos

Considering online gambling in Peru is perfectly legal and regulated, players are allowed to use all kinds of payment methods for their deposits, but the fact that they have the local mobile payment app Yape at their disposal certainly makes things easier for them. Why use global solutions when you have a perfectly home-based solution to use for safe, seamless, but most importantly fee-free transactions? The mobile payment app offers so many products, services, and promotions that is hard to avoid, therefore, if you wish to give it a go, please feel free to stay with us to learn more about it. What is Yape and why choose it as your deposit method across Peruvian online casinos?

Online Gambling Regulation in Peru

Land-based gambling has been legal in Peru for years, and that's why the country can boast of around 50 amazing brick-and-mortar casinos located within its borders, most of them based in Lima. Now, when online gambling emerged, the country was not hesitant to legalize it, too. The formal online gambling regulations were introduced in 2008, allowing tourists and locals alike to frequent online casino sites.

Now, online gambling is regulated on a federal level, and joining online casinos is perfectly legitimate. But, compared to other LatAm countries, Peru gave players the freedom to join both locally-licensed and offshore online casinos. This may come as a surprise, because most countries with legal online gambling markets try to keep things in-house, while Peru chose otherwise.

In 2011, however, the gambling laws were changed, with the purpose of offering players better player protection. So, while joining offshore sites is legal, it is not entirely safe. The country, of course, only offers player protection across perfectly licensed sites. Should you choose an online casino licensed in Peru, you can rest assured that the authorities have made sure you get proper player protection. They're monitoring licensed operators and all of the transactions that go to and from their sites, making sure your money is always safe and you are treated with fairness and respect. Since these measures do not apply to foreign operators, you better stick with locally-licensed casinos.

Nevertheless, the choice is yours. If you choose casinos licensed in Peru, you will get world-class gaming content, that’s for sure. With their Peru launch, many operators and software developers have ensured to strengthen their presence in Latin America. You can rest assured that industry-leading content will be at your disposal, and you’ll get an all-encompassing online gambling experience. Don’t think that the game varieties across offshore sites are better, because Peru has made sure to give licenses to all kinds of global operators and developers, to ensure your online gambling experience is unrivalled.

Since transactions to and from online gambling sites are monitored, you are also free to use whichever payment method you wish for your deposits. And while you have many global options at your disposal, why go through all the trouble of registering new accounts, when you can use the solution you’ve been already using for your everyday purchases? Yape is one of the most popular payment solutions in Peru, and as of a few years ago, it is offered across Peruvian online casinos.

This mobile payment app offers all kinds of products, services, and promotions, and it is one of the most used solutions by Peruvians, so why choose a different one for your online casino deposits when you already know how to use it and how effortless it is to use? So, if that's your plan, continue reading to find out more about it and learn how to use it across the many Peruvian online casinos that offer it.

Using Yape Across Peruvian Online Casinos

After doing extensive research on the subject, the Banco de Crédito del Perú concluded that the Peruvian market was in desperate need of a modern payment solution that could serve both banked and unbanked users and facilitate their online transactions. In collaboration with other leading Peruvian banks and financial institutions, the first-ever mobile payment app, Yape, was launched in 2017.

Caja Huancayo, Caja Tacna, Caja Cusco, Caja Trujillo, Banco de la Nacion, Mibanco, and Caja Sullana are just some of the banks and financial institutions behind it, which alongside the Banco de Crédito del Perú have ensured that all of their banked users get an instant access to it. Two years in, the QR code payment functionality was introduced, and in 2020, the VISA prepaid debit card was debuted. The solution enriched its offering and continued doing so, to accelerate digital inclusion on the Peruvian market.

Today, the app has over 150 million users and over 2 million local partners that keep it in business. Its popularity among Peruvians continues growing, as the solution facilitates their daily purchases and payments. Of course, as a top method in the country, used by millions every single day, the solution was an instant hit across already well-established Peruvian online casino sites. Players love using it, as transactions with it are effortless, safe, and above all, fee-free. They love the fact that they don’t need to create any new accounts for their online casino deposits, but they can just use their Yape app to seamlessly fund their accounts in their native currency, the Peruvian sol.

To be eligible to use it, you need to have a smartphone and a Peruvian government-issued ID document, to validate your identity. In the off-chance that you never used it, the solution offers three different types of accounts. Unbanked users just need an ID to register an account, and all of their money is kept safe on a BCP account that the solution creates for them. Banked users can choose from two accounts, depending on whether they have a card with BCP or other partnered banks. Each account type comes with its own perks and limits, so make sure you check them out on the Tipos de cuenta (Type of Account) page before you make your decision.

The first step to creating your account is downloading the app, either from Apple App or Google Play Store. Press Crear una cuenta after you install and launch the app, and enter your phone number. Immediately, you'll receive an SMS with a one-time password or OTP which you need to enter in the app. After you provide the number of your ID document (passport or DNI), just enter your email address and select the method you wish to use a YapeCard, BCP, or ID. Create your password and you can immediately start using your app for your online casino deposits.

In fact, follow our lead, as in the following section we’ll tell you exactly how to do that. You will see that the procedure will be pretty intuitive and easy, but just in case, we want to walk you through the exact steps that you need to take.

Deposits and Withdrawals with Yape

Given Yape’s popularity among Peruvians, you should not be entirely surprised to learn that the solution is offered across most, if not all licensed Peruvian online casinos. The solution has become a household brand, known and used by millions, really, therefore, its popularity across the Peruvian online casino industry was expected.

Therefore, the first thing to do here is start looking for sites that you’d want to join. After you decide on the one to join, register a player account with it. To fund your account with Yape, do the following:

1. Access your player account and find the Cashier/Banking page.
2. Select Yape from the payment methods offered on the Deposits list.
3. Enter your app and a QR code will appear; scan it.
4. Set the amount you wish to transfer to your balance and press Yap.
5. In an instant, the money will reach your online casino balance.

We never mentioned withdrawals in this article, and that’s, obviously, because the solution does not work both ways. Only deposits are possible with it, as this is a payment app that allows users to make payments and purchases online. You cannot receive money via it, as the app only functions for sending money.

Now, that doesn’t mean that you’re stuck and you cannot cash out your winnings. On the contrary, since the casinos you can join are legally allowed to process transactions, operators give you a vast choice of withdrawal methods to use. You can use standard bank-related options, or go with other alternative solutions like eWallets or digital currencies, whichever works for you, but you can rest assured that you’ll be able to safely cash out your winnings.

Conclusion

Yape is definitely one of your top choices when it comes to methods to use for online casino deposits in Peruvian sol. It is swift, easy to use, and incredibly safe, plus you don't need to pay any fees when using it. Add to that the fact that it is offered by most, if not all, legit Peruvian online casinos, and there you have it, the perfect method to use as a Peruvian player.