Payment Providers in Turkey
Turkey has high card penetration with a unique local feature — card installments (taksit) are standard for higher-ticket purchases, similar to Brazil's parcelado. Troy is the domestic card scheme. Bank transfers (Havale/EFT) cover B2B and high-ticket. The Turkish lira's volatility makes FX management critical for cross-border merchants.
Key payment methods in Turkey
The local rails merchants must support to convert Turkey customers.
Providers supporting Turkey
About payments in Turkey
What are card installments (taksit) in Turkey?
Turkish consumers commonly split card payments into 3-12 monthly installments at checkout. The acquirer handles installment collection from the cardholder, paying the merchant upfront (minus a higher fee). Without taksit support, conversion drops significantly for purchases above TRY 1000.
Do I need a Turkish entity to process payments?
For full domestic processing — yes, BDDK licensing through a Turkish-licensed PSP/bank. Cross-border merchants can sell to Turkish customers via international PSPs with FX conversion, but lose access to local installments and lower-cost routing.