Does Payoneer Work In Turkey?

Does Payoneer Work In Turkey?

Payoneer is available in Turkey, allowing users to access its global payment solutions. The platform supports multiple currencies and facilitates cross-border payments, making it a viable option for freelancers, businesses, and marketplaces in Turkey.

Users in Turkey can utilize Payoneer to get paid by clients, withdraw funds to local bank accounts, and manage their business finances. The service also includes functionalities like paying suppliers and contractors, managing currencies, and integrating with Apple Pay for secure transactions.

Fees and Charges for Using Payoneer in Turkey

Here are some general costs that users might encounter when using Payoneer in Turkey:

• Transaction fees: Payoneer may charge a fee for each transaction made through their platform. This can include receiving payments from clients or making payments to suppliers.
• Currency conversion fees: When converting funds from one currency to another, Payoneer typically charges a currency conversion fee. This fee is usually a percentage of the amount being converted.
• Withdrawal fees: Users may incur fees when withdrawing funds from their Payoneer account to a local bank account or when using ATMs. The fee can vary depending on the method of withdrawal and the amount being withdrawn.
• Annual account fees: Payoneer may charge an annual fee for maintaining an active account. This fee can cover the cost of account management and other services provided by Payoneer.
• Card maintenance fees: If users opt for a Payoneer prepaid card, there may be additional fees for card maintenance, including monthly or annual charges.

Is Payoneer the Best Option in Turkey?

Even though Payoneer is available in Turkey, it might not be the best option for users due to certain limitations and restrictions that could affect its usability and cost-effectiveness.

• High transaction fees: Users may face significant costs for each transaction.
• Currency conversion charges: Converting funds can incur additional fees, impacting overall earnings.
• ATM withdrawal limitations: Not all ATMs support Payoneer cards, limiting access to funds.
• Mandatory local currency withdrawals: Users might be required to withdraw in Turkish Lira only.
• Annual and maintenance fees: Additional costs for account and card maintenance can add up.

Alternatives to Payoneer in Turkey

1) OneSafe

OneSafe is a leading alternative payment solution in Turkey, offering ease of use, lower fees, and superior customer support. Key features include simple onboarding, global payments, corporate cards, and multi-currency support. These benefits make OneSafe a superior option for businesses seeking efficient and cost-effective financial solutions.

OneSafe Reviews

Users have praised OneSafe for its innovative and speedy services, making it a priority choice for tech-oriented entrepreneurs. The platform is described as the best bank used so far, supporting ACH, Crypto, Wire deposits, and Virtual cards, and being suitable for most businesses. The registration process is also highlighted as being successful within 48 hours.

2) Wise

Wise offers a multi-currency account, competitive fees, and guaranteed exchange rates, making it a viable alternative payment solution in Turkey. Users benefit from secure transactions, 24/7 customer support, and the ability to manage money in over 40 currencies. Wise's ease of use and global reach enhance its appeal.

Wise Reviews

Wise has an overall rating of 4.7 out of 5 based on 87 reviews. Users have reported issues with money transfers being returned without notification, challenges with document approval, and restrictions in certain countries. Some have also had negative experiences related to investing in bitcoin through Wise.

Check out more Wise reviews here.

3) NOWPayments

NOWPayments is a versatile crypto payment gateway offering a wide range of features, making it a strong alternative payment solution in Turkey. Key benefits include support for over 300 cryptocurrencies, low transaction fees of 0.5%, instant payouts, and the ability to handle both crypto and fiat transactions. Additionally, businesses benefit from 24/7 support and easy integration.

NOWPayments Reviews

NOWPayments has an overall rating of 3.9 out of 5 based on 432 reviews. Users have reported issues such as account blocks and accusations of the company running off with money. Check out more NOWPayments reviews here.

Frequently Asked Questions about Payoneer in Turkey

Can I use Payoneer to receive payments from international clients in Turkey?

Yes, Payoneer allows users in Turkey to receive payments from international clients seamlessly.

Are there any fees for withdrawing funds from Payoneer to a Turkish bank account?

Yes, there are withdrawal fees when transferring funds from Payoneer to a local Turkish bank account.

Does Payoneer support multiple currencies for transactions in Turkey?

Yes, Payoneer supports multiple currencies, making it easier to manage international transactions.

Is it possible to link a Payoneer account to Apple Pay in Turkey?

Yes, Payoneer can be integrated with Apple Pay for secure transactions in Turkey.

What are the main limitations of using Payoneer in Turkey?

High transaction fees, currency conversion charges, and ATM withdrawal limitations are key drawbacks.

Begin Your Journey with OneSafe Today!

Choosing the right payment solution in Turkey is crucial for managing costs and ensuring seamless transactions. While Payoneer has its benefits, exploring alternatives like OneSafe can offer lower fees and better support. Start your journey with OneSafe today and experience efficient financial solutions. Signup now!