PayPal is an incredibly popular online payment platform, with more than 300 million users worldwide. However, if you’re a Turkish citizen looking to use PayPal, you may be wondering if it’s still available. The answer is yes—but only for the time being.
What You Need to Know About PayPal in Turkey
In June 2022, PayPal will no longer be available in Turkey. Let’s take a closer look at why this is and what options are available for Turkish citizens who want to make online payments.
The Reason for the Change
PayPal’s decision to stop operating in Turkey was made after considering multiple factors, including the country’s political environment and financial regulatory system.
Moreover, PayPal has strict requirements regarding data security that must be met by all of its users—and due to the current uncertainty surrounding these issues in Turkey, it was determined that continuing to offer services there would not be feasible from a risk management perspective.
Alternatives For Making Online Payments
Although PayPal will no longer be available in Turkey after June 2022, there are still plenty of alternatives available for making online payments.
These include Apple Pay, Stripe, and iyzico. Each of these platforms has different features and benefits so it’s important to do your research before selecting the one that best suits your needs.
In addition, many local banks also offer secure payment solutions such as Garanti Bankası and Yapı Kredi Bankası that can be used for making payments online.
It is unfortunate news that PayPal will no longer be available in Turkey after June 2022; however, there are still other options for making online payments securely and conveniently.
Before choosing an alternative platform or bank-based solution it’s important to do your research so you know exactly what features each one offers and how they might benefit you.
With some time spent researching your options now, you can ensure that you have access to a dependable payment solution when the time comes!