iyzicoC57
Payment Processor · Small and mid-sized businesses registered in Turkey (companies, sole traders and, for payment links, indivi…
Overview
iyzico is one of the most established ways for a Turkish online business to take card payments without negotiating a virtual POS with each bank. It holds a Turkish payment and e-money licence, publishes a headline rate, charges no setup or monthly fee on its Virtual POS, and offers a lot for the price: instalments on every major Turkish card programme, marketplace splits, subscriptions, payment links, a consumer wallet with buyer protection, and now card terminals. The grade stops at B- for four reasons. Payouts are weekly by default, and its help centre gives conflicting descriptions of how long money is held. Instalment surcharges and faster-payout pricing are shown only inside the merchant panel or given as a quote. The published merchant terms let iyzico change fees on its own and keep wide rights to refuse payments and set off amounts it is owed. And the merchant app is rated 2.9 on the Turkish App Store.
Best for: Small and mid-sized businesses registered in Turkey (companies, sole traders and, for payment links, individuals) that sell online to Turkish consumers and need bank instalments, multi-currency checkout and a quick, document-based application. It also suits Turkish marketplaces that need to split payments to sub-sellers.
Strengths
- + Licensed Turkish payment institution since 2016, now listed by the Central Bank of the Republic of Türkiye as an electronic money institution, and wholly owned by Prosus's PayU
- + Publishes a headline online rate that includes BSMV (4.29% + TRY 0.25), with no setup fee and no monthly fee on the Virtual POS
- + One contract covers instalments on every major Turkish bank card programme, and instalment sales are paid to you in full rather than month by month
- + Broad product range: marketplace splits, subscriptions, payment links, multi-currency checkout, card terminals and tap-to-pay on Android
- + Large consumer wallet with buyer protection: in December 2025 its CEO reported more than 7 million users and 185,000 merchants
- + No fee on refunds, according to its help centre, and a 100% complaint response rate on Şikayetvar over the past year
Trade-offs
- – Built for businesses registered in Turkey: the application requires Turkish company documents and payouts are in lira, and we found no route for a foreign company without a Turkish entity
- – Payouts are weekly by default, and the help centre gives conflicting descriptions of the hold, one of them a three-week lag
- – Instalment surcharges, faster-payout pricing, the currency-conversion fee and the terminal monthly fee are not published
- – Published merchant terms let iyzico change fees unilaterally and keep broad rights to refuse payments and deduct pending chargebacks, with set-off and pledge rights that survive the contract
- – The 'iyzico İşim İçin' merchant app is rated 2.9 from 239 ratings on the Turkish App Store, and Şikayetvar shows 7,530 complaints
Fees in detail
- Online rate: 4.29% + TRY 0.25 (incl. BSMV, Sep 2026)
- International: No separate international-card rate is published. With the Multi Currency add-on (TRY 99 a year), you can price and charge Visa and Masterca
Standard published rate for a domestic online card payment. Confirm current pricing on iyzico's pricing page.
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