Be honest: you don't learn finance with play money!

Your digital wallet:

Everything at a glance!

The digital wallet, the “SmaKi wallet”, gives you kids a complete overview of all your flea market deal transactions and your current balance. You can see what you have earned and what you have spent your money on. You parents can make pay in and payout and see exactly the same as your children. This way you can keep track of things together and you kids can learn how to use your digital pocket money in a fun way!

Digital wallet: Finances made easy!

Digital wallet: Finances made easy!

Digital wallet: learning finance the easy way

The digital wallet helps you kids to develop responsible money management step by step. You can track your income and expenditure from flea market deals and immediately see how much money you have left and what you can afford.   You will soon be able to answer questions such as “What is worth selling?” or “How much is my toy worth?” yourself and better assess the value of your things!

The digital wallet helps you to manage your own small budget!

The functions at a glance

Secure payment account

SmaKi opens a secure payment account for you with a proven payment provider - the SmaKi Wallet. All flea market transactions are processed directly between the children's SmaKi Wallets, and you parents can make pay ins and payouts at any time. You parents also have the option of specifying whether you want to approve each transaction individually or give general approval. In this way, all purchase contracts remain legally regulated between the parents of the seller and buyer children.

Payment overview

In the SmaKi wallet, you kids can see your sales and purchases from flea market deals, the current available balance and the spending limit that your parents have set for you. You learn how to control your purchases and sales in a child-friendly way and develop a first feeling for handling money. To ensure that everything is always displayed correctly, all payments are made digitally - SmaKi does not accept cash payments.

Pay ins and payouts

Pay ins

You parents can easily pay in your children's pocket money or birthday money onto the SmaKi wallet using your credit card to increase the children's balance. There is a small fee of €0.20 + 1% of the pay in amount to cover the transaction costs.

Payouts

In the same way, you parents can make payouts to your saved bank account if you children want to spend some of their money "offline". For each payout, a small fee of 1.5% of the payout amount is charged to cover the transaction costs. This will be deducted from the payout amount.

Payment methods
At present, membership fees and payins at SmaKi can only be made by credit card. payouts are made directly to your bank account. SmaKi is working on adding more payment methods to offer you even more flexibility in the future.

Why no cash payment on pick up?

SmaKi has a big goal: to teach you kids how to handle money responsibly! That’s why there’s a digital wallet that clearly displays your purchases and sales from flea market. So you can always keep an eye on your balance. To ensure that everything is displayed correctly, payments at SmaKi are only made digitally – cash payments on pick up are therefore not permitted. This also has an advantage for you parents: you don’t have to organize payments at the front door, everything is secure and uncomplicated via the digital payment account – the SmaKi wallet.

Do you have any questions about the wallet?

ask us or have a look at our FAQs!

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