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.

Paypal in Turkey

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 In Turkey

Paypal issued the following statement after the termination of the service in Turkey:

“We are sorry to announce that PayPal is suspending its business operations in Turkey,” the company noted in a written note. “Effective from June 6, 2016, our customers in Turkey will no longer be able to send or receive funds with PayPal. Customers will still be able to log in to their PayPal accounts and withdraw any balance on their accounts to a Turkish bank account.

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]

Westren Union in Turkey

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.

https://wise.prf.hn/click/camref:1011lfeou

Wise advantages

  • 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

Western Union is the best alternative for money transfer in Turkey.

Read also: Western Union Turkey .. Transfer fees receiving and sending money

You can access western union services and make a transfer to another country or receive a money transfer from banks.

You can receive\send western union transfer through Ziraat Bank or Yapi Kredi bank and iş bank by accessing the online banking or visiting the nearest branch.

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

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.

Electronic Payment

You can easily make all of the electronic payments and online shopping by using the credit and debt card provided by Turkish banks.

Why is PayPal not available in Turkey?

Paypal services are not available in Turkey because the company could not comply with the Turkish regulations and laws

What is the best Paypal alternative in Turkey?

There are a lot of alternatives for Paypal in Turkey the best is Transferwise, Westren union and money transfer by Swift code in Turkish banks.

is paypal available in Turkey?

No, PayPal is not avilable in Turkey since 2016, but there are a lot of alternatives to make money transfer and electronic payments in Turkey.

Can i send send money to turkey paypal?

No, You can’t directly send money to Turkey by using Paypal, but there are a lot of othe alternatives to send and receive money from Turkey


Abdullah Habib

The Founder of Turkpidya, an Egyptian student from mixed Turkish descent. A multilingual man passionate about Turkey and writing. A material scientist and engineer.

0 Comments

Leave a Reply

Your email address will not be published. Required fields are marked *