YAP prepaid card: sign up and get €10 to try it in stores!

YAP is a mobile banking app designed for a young or very young audience (also suitable for minors aged 12 and up) from Nexi , which allows you to transfer and collect money via smartphone or tablet . Let's discover the world of YAP together!

How YAP was born

In recent times, a growing number of shops and businesses are accepting payments via apps from customers; this scenario has changed thanks to greater transaction security and an improved user experience on smartphones and tablets. Connected to a virtual Mastercard, YAP effectively combines two functions: it can be used for both micropayments and cash collections. YAP is a particularly secure product and comes with a series of highly attractive features.

How does it work?

Exchange and collection of money

If you wish to exchange/collect money with a user who already has a YAP account, the transfer will happen automatically. If the person is not a YAP user, they will be sent an email inviting them to register and create their own personal account. With multiple collections, the total requested amount will be divided equally among the users you select. Purchases We mentioned that YAP can be used for both online and offline purchases at stores equipped with POS terminals, a function enabled by the combination with the virtual prepaid card, powered by MasterCard. For in-store payments, you will need to use your smartphone via NFC technology or use the relevant payment services offered by Google Pay or Apple Pay .

How to apply for YAP?

It all starts with registration on the YAP website: all you need to do is open an account . Once you've downloaded the YAP app to your smartphone, during registration you'll need to enter your personal information (name, surname, date of birth, and address) and the phone number of the smartphone where you downloaded the app. To complete the identification process, you'll need to take a simple selfie with your smartphone, holding your ID clearly visible . After that, you'll be able to log in to your account, where you can begin requesting money transfers or top up your virtual prepaid card.

Charging methods

YAP offers several ways to top up your account:

• via enabled card ;
• via ATM top-up always with an enabled card;
• via bank transfer ;
• at SisalPay points (over 45,000 throughout Italy).

Check your balance and account statement

Regularly checking your YAP balance and account statement is a crucial step: it's incredibly easy. You can check your balance from the app, while requesting a statement directly from the website https://www.yapapp.it/ . Minors can request a statement from a parent or legal guardian, and the statement will be sent via email. Requesting a statement is also important for determining your average balance , which is useful for completing the ISEE form.

Costs

Let's start by saying that to start using YAP, you'll only need a device compatible with the app. Keep in mind that downloading and installing it are free . You'll then need to register and create an account by linking your virtual MasterCard: these steps are also free. Some YAP top-up methods are completely free and commission-free: those with an enabled card, via ATM, or by bank transfer, for example. Other top-up methods, such as those at SisalPay points , cost €2.50 .

Maximums

YAP appears to have some minor operational limitations. Remember, it's explicitly designed for young people, so these may not be a major problem for many. For example, direct debit or recurring payments are not supported. The limit set on the virtual card is €1,500 , which is also your monthly maximum . If you choose to top up with cash, these limits will be further reduced. The maximum top-up amount at SisalPay centers will be €200 , with two top-ups allowed per day. The maximum daily top-up limit is €400 . At ATMs, this limit is €500 per top-up, always respecting the monthly limit.