Benefits of local payment processing in Turkey
Turkey is the second fastest evolving e-commerce market in Eastern Europe
In addition, loyalty cards with payment by instalment options have proven wildly popular and something merchants should make sure to offer when selling online in Turkey. This payment method is controlled largely by the 7 leading card scheme providers, who take 94% of this instalments market. These schemes are; Axess, Asyacard, CardFinans, +bonus, Paraf, World and Maximum and PayU has direct connections to all of these leading schemes. It is important to note that instalments and loyalty point programs are only offered through local payment processors like PayU.
It is also important for merchants to ensure that their payment processor follows Turkey’s Data Storage Compliance rules, where the local consumer data must be stored within Turkey. PayU operates as a Licensed Payment Service Provider by Banking Regulation and Supervision Agency (BRSA) in Turkey. Merchants may rest assured that PayU stores all consumer data within the country and complies with all other aspects of Turkish law 6493: Payment and Security Settlement Systems, Payment Services and Electronic Money Institutions.
We offer a broad range of payment solutions designed to help eCommerce merchants succeed in their business objectives through reliable online payment methods. PayU has multiple localised payment options available that let you accept payments in Turkey. Choose one or more payment method that are relevant to your customers and deliver an exceptional retail experience.
Payment Methods Available in Turkey with PayU
Credit and Debit Cards
Installments with Loyalty Points
Cash payments and bank transfers