İs Paypal service available in Turkey? everyone who comes to Turkey wonder about the famous payment American company.
What happened to Paypal in Turkey and what is the replacements for it? we will discuss all of this in the following article.
What happened to Paypal in Turkey?
Paypal operated for many years in Turkey with millions of dollars of transactions annually until it all changed in 2016.
The Banking Regulation and Supervision Agency (BDDK) in Turkey which is the agency responsible for making sure that institutions work according to the Banking Law decided to cancel paypal.
The main reason behind canceling Paypal in Turkey by the BDDK is the failure of Paypal to follow Turkish regulations, and pay taxes.
The company also failed to make some transactions through Turkish servers.
Paypal issued the following statement after the termination of the service in Turkey:
How to withdraw balance from Paypal Turkey account?
For sometime after 2016 users could withdraw money from their account directly.
in 2020 withdrawing balance from Paypal account directly is not an option and if you have balance that you would like to withdraw the only way to do that is to email the customer service on this E-mail: [email protected]
Paypal alternative in Turkey
There are many Paypal alternatives in Turkey depending on what service would you like to use.
Money transfer Turkey
Wise is the best Paypal alternative to transfer money and make payments in Turkey.
Wise is one of the best ways to transfer money in Turkey easily, quickly and safely, as it is characterized by its lower transfer fees than Western Union and banks.
- Wise is completely secure for all types of transfers.
- You can send money outside of Turkey about eight times cheaper than with traditional methods.
- Transfer fees are straightforward, and there are no hidden Fees.
- The conversion process is done easily on the Internet.
- The funds are automatically transferred to the recipient’s bank account.
- Wise has around 750 different currencies to transfer, including the Turkish Lira, US Dollar, Euro, British Pound, and Egyptian Pound.
You can transfer via Wise directly online and easier than Western Union and banks by clicking here.
Western Union is the best alternative for money transfer in Turkey.
You can access western union services and make a transfer to another country or receive a money transfer from banks.
Money transfer in Turkey with SWIFT code
You can recive and make transfers inside outside Turkey through SWIFT code which you can get it from your bank branch.
MoneyGram is another great alternative to PayPal in Turkey you can make transfers with MoneyGram to many countries around the globe.
You can also receive money from outside Turkey using moneygram the service is offered in Kuveyt Turk bank.
You can easily make all of the electronic payments and online shopping by using the credit and debt card provided by Turkish banks.