HYPE: what it is and how it works

Who I am
Lluís Enric Mayans
@lluísenricmayans

How much does HYPE cost?

Let's start with the question you are asking yourself before any other: Is HYPE really free? The answer is yes, but with some limitations.

As already mentioned above, HYPE does not provide for any activation costs, provides the payment card completely free of charge and does not include costs for payments, top-ups or transfers. However, his basic plan, HYPE Start, has daily and annual ceilings that can only be overcome by passing to the most advanced floors.



Going into more detail, the starting plan HYPE Start it does not provide for fixed monthly costs but has a limit of 1.000 euros for daily recharging, 999 euros for spending per single operation, 2.500 euros for annual validation and 250 euros for daily withdrawal; plan HYPE Next (€ 2,90 / month with € 20 bonus on the first top-up using the code GREAT during the registration phase), on the other hand, reduces withdrawal, recharge and expense limits present in HYPE Start and also offers the domiciliation of utilities and the crediting of salaries, while the plan HYPE Premium (€ 9,90 / month with € 25 bonus on the first top-up using the code GREAT during registration) also includes comprehensive travel insurance (medical and delayed / canceled flights), free worldwide payments and withdrawals, the World Elite Mastercard credit card and priority assistance (also via WhatsApp).

Having clarified this fundamental aspect of HYPE, I would say to get down to business and immediately see how to register for the service for free.

How to open a HYPE account

As already explained at the opening of the post, for open an account on HYPE just fill out a few online forms and take some photos of your identification document (as well as a selfie of yourself with your identity document in hand). At the end of the operation you will receive a confirmation email and, within 24 hours, you will be notified of the activation of your account. The account can be opened by users with at least 12 years of age.



Account opening can be done either from computer (using a browser with webcam support, such as Chrome) that gives smartphone, via the HYPE application available for Android (available on both Play Store and Huawei AppGallery) or iPhone.

For convenience, I suggest you proceed from the HYPE official website, but in the end the procedure to follow is the same also from the app. Therefore, connected to the HYPE website, press the button for register and choose a plan between HYPE Start, HYPE Next e HYPE Premium.

Then fill out the form that is proposed to you with all yours personal data (therefore the data relating to identity, your contacts and information on your residence), take a look at privacy policy e information document on expenses and press pulsating Continue.

Then indicate whether to obtain only the virtual card or even the physical card Mastercard (free and essential for ATM withdrawals), in case it indicates where to receive the physical card; then check the boxes relating to sensitive data and at promotions and then click on the button Continue.

On the page Identify yourself you'll have to take a selfie with your valid ID in hand (face and document must both be clearly visible): you can take the photo directly with the webcam or smartphone and then upload it to the HYPE website using the appropriate box.


After taking / uploading the photo, enter i document data you took the selfie with, upload some front and back photo (in the respective boxes) and press once again on Continue. Finally, accept the contract of HYPE (after reading it very carefully) and that's it: now you just have to wait for theHYPE email containing instructions to complete the account opening.


Once you have received the email in question (also check Spam, for safety), open it, click on the button Create codes and complete the registration to HYPE. To do this, enter the required data (this is a confirmation of the data you have already entered previously) and click on the button Continue.

Then type the security code that you received via SMS or email, click again on Continue and set the Password access to your HYPE account, typing it in the appropriate fields and then pressing the button Continue. Well: now you are a hyper and you can use your account to send and receive payments in a very simple way!

Later on, should you want to switch by HYPE Start ad HYPE Next o HYPE Premium, all you have to do is connect to the pages of the HYPE site that I have just linked to you, press the button for register and fill in the form that is proposed to you, or you can click on the item relating to the upgrade in the HYPE app. For more details, I invite you to consult my tutorial on how to switch from HYPE to HYPE Next.


How to use HYPE

Once you have opened your account, you are ready to top up it and use HYPE to make purchases, both online and in physical stores (also with Google Pay and Apple Pay and with the possibility of obtaining cashback on over 500 online stores), send and receive money, send and receive free wire transfers, withdraw from ATMs, buy and sell Bitcoins (only for users with at least 18 years of age), pay bills and bills, set savings goals, make phone top-ups and much more. Find everything explained in detail below.

Reload HYPE


To add funds to your HYPE account (and to the card associated with it) you can make a bank transfer from current account; a payment from another payment card of the Visa and Mastercard circuits; you can use the recharge function available at the counters ATM enabled for the “QuiMultibanca” circuit; can top up in cash at the supermarket (PAM, Panorama, Pam Local, Penny Market and Carrefour) or at one of the affiliated SisalPay | 5 points (bars, tobacconists or newsstands) or you can ask for sums of money to your contacts.

reload HYPE by card, start the HYPE app on your smartphone, press the button capacitor positive (+) lead present on the main screen and choose the option With other card. Then press the button +, at the top right, and enter the details of the card you want to use to top up. Once this is done, select the paper in question from the app menu, type theamount you want to transfer and press on Confirmation.

It was preferred top up HYPE by bank transfer, you simply need to get your account details - you can get it from smartphone app, by going to the section Menu of the same and selecting the items Profile e Bank account details; or from PC, by accessing the web version of HYPE, by clicking on yours profile picture (bottom left) and selecting the item Bank account details give the menu check if you press.

top up HYPE in cash at one of the supermarkets or SisalPay | 5 affiliated points, enter the HYPE app, press the button capacitor positive (+) lead present on the main screen, select the item Cash and choose whether to recharge in supermarket or in one SisalPay point | 5. At this point, type theamount to be recharged (min 20 euros), show the cashier or operator the QR code displayed on your phone and make the payment in cash. To top up at SisalPay | 5 points you will also need to bring a valid document and health insurance card for reading the tax code.

recharge HYPE from the ATMs enabled for the QuiMultiBanca circuit, go to an ATM, insert your HYPE card or another debit card in the appropriate slot Pagobancomat, select the item for the Prepaid Top-up, enter i give of the HYPE card and follow the instructions on the screen.

Infine, per request money from another Hyper, apr l 'HYPE app i went his Payments> Request money. Then select the contact to which you want to request money, press the button Continue and fill out the form that is proposed to you with amount e Description of the request.

If any step is not clear to you and / or you want more information on how to reload HYPE, take a look at the tutorial I dedicated to the topic.

Pay with HYPE

Pay with HYPE it's super simple, both online and in physical stores. To buy goods or services on the Internet, just choose to make a payment by card and enter the data of your HYPE card (virtual and / or physical). You can see the card details by accessing the section À la Carte by HYPE.

To make purchases in physical stores, on the other hand, you can use contactless payment systems such as Google Pay and Apple Pay (having previously associated the card to one of the systems in question via the appropriate button in the HYPE application or by manual addition in the wallet of your smartphone). Alternatively you can use the physical payment card, which can be used in all the stores of the Mastercard circuit (even in contactless mode) or, again, you should know that there are many stores that allow you to make purchases by paying directly through the HYPE app.

To find out which shops near you allow you to pay through the HYPE application, go to the section Payments of the same and press the button Pay in-store Present on the menu if you press.

Manage the cards

HYPE allows you to manage cards connect to your account in a very simple way. For example, starting theapp on HYPE su smartphone and going to the section À la Carte can pause" the card and then "reactivate" it when necessary.

This means that you can prevent anyone from using your card when you want to put it on "pause" and you can reactivate it as soon as you need to make payments. You can do it all with a couple of “taps” in the HYPE application: to be precise, you have to go to the section À la Carte and move on Pause o Activated the lever located under the graphic representation of the card.

From the same screen, you can also decide whether to keep active or deactivate Online shopping made through the HYPE card, the shop in store and ATM withdrawals: just activate or deactivate the levers located next to each of the options just mentioned.

Another interesting detail of the card, in addition to the possibility of recharging it for free and withdrawing without commissions anywhere in the world, is the protection offered by Mastercard "protected anytime, anywhere", which reimburses unauthorized purchases.

If you have requested the physical payment card, to be able to use it, you must first activate it in the HYPE app: to do this, go to the section À la Carte application, choose the option for enable the physical card and type il CVV code that you find on the back of the card itself.

Withdraw

With the physical card of HYPE you can withdraw at any ATM in the EU and non-EU countries, including i Postamat. Withdrawals in Euros at any banking institution in the city and in Europe are completely free.

But be careful: some ATMs charge extra fees on withdrawals (which do not depend on HYPE). To make sure of the possible presence of these charges, check that the ATM screen is not written "Additional costs will be applied".

For withdrawals in foreign currency, however, a 3% commission on the exchange rate established by Mastercard, but even this commission is forfeited if the plan is activated HYPE Premium (9,90 euros / month).

I withdrawal limits they vary according to the HYPE plan subscribed. Here are all the details.

  • Single operation: 250 euro con HYPE Start; 500 euro con HYPE Next e HYPE Premium.
  • Daily withdrawal: 250 euro con HYPE Start; 1.000 euro con HYPE Next e HYPE Premium.
  • Monthly withdrawal: 1.000 euro con HYPE Start e HYPE Next; 10.000 euro con HYPE Premium.

For more information on how to withdraw with HYPE, do not hesitate to read the tutorial I dedicated to the topic.

Send and receive money

As abundantly pointed out above, HYPE makes sending and receiving money extremely simple. Transactions take place in real time and are free of charge.

To send a sum of money to a friend or relative, go to the section Payments HYPE and select the item Send money from the screen that opens.

Now, select the name of the person you want to send money to (make sure you have allowed the app to access the address book), indicate the amount to send in the field Price, enter a Description for the operation in the appropriate text field and presses on checkmark, top right, to transfer the money.

You can also send money to people who don't have a HYPE account yet. The latter will receive a message through which to register for the service and collect their sum of money. To have the possibility to send money to people who are not yet registered with HYPE, go to the screen Send money application and deactivate the lever for the function Show only the Hypers.

To request, instead, a sum of money from your contacts, go to the section Payments HYPE and select the item Request money from the screen that opens. Then choose the contacts to request money, press the button Continue that appears below and fill out the form that is proposed to you with the requested sum (to be entered in the field Price), a reason for your request (to be typed in the field Description) do tap sul checkmark located at the top right.

Wire transfers, bulletins and telephone top-ups

HYPE not only allows you to make online / offline payments and exchange money with other people: it also allows you to make transfers free to any account, pay bills e top up phone credit of any mobile.

To make wire transfers and pay bills, go to the section Payments of HYPE and choose the option of your interest among those available. Then type in the "coordinates" of the account to which the bank transfer or the bulletin to be paid, press the button Continue and confirms the execution of the operation. It's all very intuitive. 

It should be noted that there are no costs for wire transfers, while for bulletins it all depends on the HYPE plan in use: with HYPE Start it is possible to pay bills MAV without commissions, blank bulletins e pre-marked bulletins with a commission of 2,15 € and bulletins PagoPA/CBill e AMBER with a commission of 1 €; plan HYPE Next (1 euro / month) lowers commissions to 1,99 € to blank bulletins e pre-marked bulletins, while the plan HYPE Premium (€ 9,90 / month) provides for the complete cancellation of commissions on bulletins, bills and card top-ups. For more information, I invite you to consult my tutorial on how to pay bills with HYPE.

As for phone cards, you can make them without any commission, by going to the section Menu of HYPE, by pressing on the icon Phone top-up and filling out the form that is proposed to you with telephone operator, telephone number e amount: easier done than said! In any case, you can learn more by reading my tutorial on how to recharge your phone with HYPE.

Movement monitoring

Money management with HYPE is made easier by a series of statistics that allow you to always keep an eye on your income and expenses.

On the screen Home find the list of movements (in the center) with all the entrances and exits, while at the top is the field You can spend with the balance available on the account. By tapping on the field in question you can view a short summary with the available balance on the account, i scheduled payments its funds committed to goals (which we will talk about shortly), while pressing on the items relating to each movement you can view all the details of the latter.

To view additional information about your account, go to the section Menu HYPE and select the item Profile: you will be able to analyze the thresholds related to limits currently valid on your account, you can consult the average stock, Bank account details, the papers etc.

In the screen of the Profile you can also set the personalized notifications that the app must send you when you spend too much on certain purchases and / or when your balance reaches certain thresholds (a very useful function to avoid "crazy expenses"!). Convenient, right?

Goals and offers

Another HYPE function that allows you to avoid "crazy expenses": or rather, to save in view of important purchases, is the one called target. By setting a goal in HYPE (e.g. buying a new smartphone or booking a summer vacation) you can make sure that the application helps you to regulate your expenses and reach the set goal.

To add a goal in HYPE, go to the section Savings e pulsing sul pulsating capacitor positive (+) lead located at the top right of the screen that opens. Next, type in theamount that you intend to reach, indicate what do you want to buy date by which you must make the purchase, specify the amount that you have already set aside to reach your goal and press on checkmark located at the top right. From this moment on, HYPE will help you save day by day until you reach your goal. More info here.

Another tool that allows you to achieve your goals is that relating to Offers, accessible from the section Menu of HYPE: every day, based on your actions and the goals you have set in the application, HYPE will report offers that could help you save the money needed to win the smartphone of your dreams or the trip for your well-deserved holidays.

Not only that: HYPE also allows you to earn by making purchases in the Offers section of the app, giving you a percentage of what you spend as cashback on over 500 affiliated online shops. The percentage of earnings is clearly visible on the screen before making the purchase.

And if you need extra credit for an unexpected expense, you can take advantage of the Credit Boost di HYPE, which allows you to obtain up to 2.000 euros in credit for your expenses. More info here.

Buying and selling Bitcoins

HYPE also allows you to buy and sell Bitcoin, the most widespread cryptocurrency in the world. Going to the section Menu of the app, you can in fact open a Bitcoin wallet in 30 seconds, for free and without sending documents to then monitor the market trend in real time and exchange, buy and sell Bitcoins.

For example, to convert your Bitcoins into euros, just press the button Sell present nella sezione Bitcoin of the app, enter theamount in euros to sell, press the button Continue and confirm. The operation involves the payment of one Commission which is added to the amount indicated at the time of sale based on the current EUR / BTC exchange rate. The Miner cost foreseen for the payment of the "miners" who have the task of inserting the transactions within the Blockchain network and providing the certification is also added to the commission in question.

For more information I suggest you consult the section dedicated to Bitcoins of the official HYPE website.

Article created in collaboration with HYPE.

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