Payment Systems
What is BNPL (Buy Now, Pay Later)?
The term 'Buy Now, Pay Later' (BNPL) refers to deferring payment on a purchase to a later date. The product is delivered to the customer before any payment is made, and the customer pays afterward.
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Security
What Are Your Rights in E-Commerce Transactions?
E-commerce has grown significantly in recent years, and so have negative experiences and concerns about trust. This post summarizes the basic consumer rights under Law No. 4077: the right of withdrawal, cargo delivery rights, defective products and the Consumer Arbitration Committee.
ATM
What is a CDM (Cash Deposit Machine)?
CDM is short for Cash Deposit Machine. It refers to ATMs that allow you to deposit money directly into your account using a card. You can use CDM ATMs to carry out transactions on your account without visiting a branch.
Laws & Regulations
How Are Bill Payment Intermediation Services Taxed?
Payment and e-money institutions' commissions were first subject to VAT, until Expenditure Taxes General Communiqué No. 91 settled the matter. Here is how bill payment intermediation is taxed under Article 10.
Merchant & POS
What is POS Cashback?
Cashback is a modern POS terminal service that allows cash to be withdrawn from the merchant's till while paying for goods and services. Although cashback is a feature specific to debit cards, you can also withdraw cash from an ATM...
Payment Systems
What is Strong Customer Authentication (SCA)?
Strong Customer Authentication (SCA) is a security requirement introduced under the EU's Payment Services Directive 2 (PSD2) to increase security and reduce fraud in online payment transactions. SCA requires two of three independent authentication factors.
Merchant & POS
How to Reduce the Cart Abandonment Rate
One of the biggest problems for e-commerce companies is attracting customers to their sites, but getting visitors to actually buy is just as hard. This post covers practical ways to reduce cart abandonment, from guest checkout to fast payment options.
Laws & Regulations
What Is a Payment Service?
A payment service means the services offered under Article 12(1) of Law No. 6493. Essentially, it is delivering funds received from a sender to a recipient.
Open Banking
What Is NextGenPSD2?
NextGenPSD2 is the set of API standards launched by the Berlin Group in 2017, now involving more than 1,700 banks from 20 countries. This post explains what the framework offers to banks, fintechs and third-party providers under PSD2.
E-commerce
What is Recurring Payment?
Transactions paid at regular intervals can be defined in the system so that only the installment amount blocks the credit card limit; these are called recurring transactions, used for subscriptions or automatic bill payments.
Credit Card
What is a Credit Card?
A credit card is a printed card, or a card number with no physical form, that allows the purchase of goods and services or cash withdrawal without using cash. So how are credit card limits set and managed? Setting a limit involves checking many parameters about the customer.
Credit Card
What Is Installment Payment?
Installment payment means dividing a product's price into a set number of equal amounts. For example, if a 100 TL product is bought in 5 installments, the cardholder pays 20 TL a month for 5 months, totaling 100 TL.