What is Iyzico and How to Use It?

It can be said that e-commerce, which has radically changed the perception of traditional shopping, has had a similar impact on payment systems and forms. Buying any product or service over the internet brings to mind paying with a credit card in the first place. However, there are many alternative payment methods that can be used by both the buyers in the customer position and the businesses that make the sale. One of the most well-known of these systems, which brings many convenience and advantages for both sides of the shopping, is iyzico.

What is iyzico?

In a nutshell, iyzico is an alternative payment system that can be used in e-commerce. With its artificial intelligence-based payment technologies and virtual POS service, it makes e-commerce activities of companies of different sizes easier. These conveniences have made the system preferred by many companies in a short period of time.

Launched in 2013, iyzico was acquired by PayU, one of the most important global players in this field, in 2019. Very important brands such as H&M, Adidas, Sahibinden.com and Zara use this infrastructure to receive payments for their online sales. You can also benefit from the convenience of this payment method by making an integration process for your e-commerce site.

What Does Iyzico Do?

We have stated that it is among the payment methods that can be used in e-commerce, but this may not fully answer the question of “what does iyzico do”. In order to erase the question marks on the subject, let’s look at the ways in which e-commerce companies can use this system.

Payment with Virtual POS

Virtual POS is one of the most commonly used methods for receiving payments on e-commerce sites. It makes it possible for users to shop online using their credit or debit cards. In other words, businesses can receive e-commerce payments using this system.

Thanks to the virtual POS service offered by iyzico, you can provide installment shopping to all credit cards with only one agreement. You can also use this method to make collections in different currencies. Virtual POS infrastructure allows you to receive payments in the following currencies: Dollar, Euro, Sterling, Ruble, Norwegian Kroner, Swiss Franc. You can add the Virtual POS system to your website via API integration and ready-made payment form.

Pay with iyzico

This method does not limit the methods your customers can use for payment to credit or debit cards; it also allows you to sell via wire transfer/EFT and iyzico balance methods. This way, you can encourage potential customers who do not use credit cards or bank accounts to shop on your website. The biggest advantage of this system for users is that it makes the shopping process much simpler.

Payment with Link

Link checkout is an ideal way to get started in e-commerce, especially for e-commerce beginners. Using this method, you can create special payment pages with photos and information about your products, and you can easily share links to these pages on any digital media you want. With this method, which is much more practical compared to long collection processes such as mail order, you can sell safely through social media channels, especially Instagram.

The fact that it is useful for field sales is another detail that makes payment via link very advantageous. In this way, you can easily sell and get paid at the addresses you go to without carrying a POS device with you. When you use this method, your phone on which you install iyzico For My Business application turns into your POS device.

Pay with iyzico Protected Shopping

Customer trust and payment security are vital for new e-commerce businesses. iyzico protected shopping offers an ideal solution for these two important issues. It enables new e-commerce businesses to provide their customers with a secure payment experience. The system processes buyers’ payments securely, while guaranteeing that their personal information is protected.

In case of any mishap in product delivery, iyzico customer service provides support with fast and practical solutions. This increases customer satisfaction and loyalty and reinforces the credibility of your brand.

Is iyzico Reliable?

The biggest reservations about e-commerce or online shopping stem from the lack of trust in this concept. iyzico is very attractive for both consumers and sellers as it creates all the necessary conditions for secure payments. The system, called Shielded Shopping, includes many features that will make the entire shopping process more secure, from storing payment information to facilitating the return process. So what exactly does Protected Shopping mean?

What is iyzico Protected Shopping?

Protected shopping can be defined as a system established to create an environment of trust throughout the entire process. This system, which is activated by checking the “protected shopping” option on the payment screen of sites using iyzico, makes it possible to receive 24/7 support. Similarly, with this method, it is also possible to complete shopping in seconds using cards whose information is stored and to easily make a refund in case of a problem.

With Shopping with Protection, credit card information is protected by a PCI-DSS certified security system. Thus, risks such as theft or copying of card information are completely eliminated. During the ordering process, you can get 24/7 support using the iyzico mobile application and resolve any problems you experience during the process in the fastest way possible. To summarize, iyzico meets all the needs of both sellers and consumers for secure online shopping.

Who Can Use iyzico?

Thanks to the payment methods and features it covers, iyzico can be used by any kind of individual or corporate business that wants to sell online. Moreover, there is no need to pay any initial fee or a fixed amount on a regular basis. Only a certain commission is charged on the sales made. We will discuss iyzico commission rates in detail in the rest of our article.

This payment system is preferred by more than 23 thousand businesses with individual or corporate identity in the B2B field. However, the usage area of this payment system is not limited to this business model. You can use this system with peace of mind to sell to the end user, that is, to receive payments while working in B2C format.

How to Apply for iyzico?

The application process is initiated via iyzico control panel. For this, a membership must be initiated first. After the membership process is completed, the process can be started by pressing the “Apply” button on the top left of the control panel. Subsequently, the process continues by entering the requested personal information and uploading the requested documents to the system. In the next step, the process is finalized by confirming the “I Accept the Terms of Service” option and clicking the “Complete Application” button.

After the review, you will be notified via e-mail within 24 hours whether your application has been approved or not. Depending on the content of the application in question, this period may be longer due to different information or documents that may be requested.

At this point, it would be useful to open a separate paragraph for individual applications. Individuals who do not have a sole proprietorship or a capital company, in other words, who do not have a legal entity, can also apply for iyzico membership. Individual members can only benefit from the link payment feature. Documents such as signature circular and tax certificate are not required from applicants for such memberships.

What are the Documents Required for Application?

During iyzico application, you need to upload some documents to the system. However, you are not responsible for delivering these documents to the company via cargo or similar means. The documents required for the application are as follows:

Signature circular or declaration

Tax plate

Photocopies of identity cards of company partners

The front side of the passbook with the IBAN number up to the company or any document from the bank containing this information

Having these documents is not enough for membership. There are also some iyzico requirements that must be met by applicants. We can list these conditions as follows:

iyzico website to be used must be ready for use, including products and price information

The presence of “About Us” and “Contact Us” pages on the site and information on privacy policy, distance sales contract, delivery and return conditions

SSL certificate on the payment page

To have obtained the necessary licenses and certificates for the products being sold

“Pay with iyzico”, Visa and Mastercard logos on the website

Meeting these requirements does not necessarily mean that your application will be accepted. Your application may be rejected if it is found to be in conflict with the service provider’s policies.

How to Use iyzico?

iyzico is an extremely easy method that you can use to shop. All you need to do to use this system is to select the “Pay with iyzico” option at the checkout stage. Of course, for this option to be active, the site or platform you are shopping on must also support this feature.

How to Pay with iyzico?

A single answer to the question “What is iyzico payment?” is difficult. The same is true for “How to make iyzico payment?”. Because this system allows you to pay in three different ways. Here are the iyzico payment methods you can use for online shopping and their main features:

iyzico balance: iyzico is a system that allows you to keep a balance in it like a bank account. Money can be uploaded to this account at any time or the amount in the account can be transferred to the bank via IBAN. With the help of the balance in the account, iyzico also functions like a wallet and you can make purchases with the money in it.

Stored card or credit card: Card identification and storage is a service offered to iyzico users. With this feature, you can identify your existing credit cards to the application and use them securely for your purchases. Stored card can also be defined as iyzico mobile payment.

Wire Transfer/EFT: In cases where you do not want to use your balance or cards, you can also make payment transactions by EFT or wire transfer through iyzico.

What are iyzico Commission Rates?

This system charges a commission and a fixed fee per transaction from merchants. As of 2024, the commission rate starts at 3.99% and the transaction fee is 0.25 TL. It is also possible to get a special offer for your company. If you are using IdeaSoft e-commerce packages, you can automatically apply for virtual pos from your management panel and work with more favorable rates.

What are the Conveniences of Using iyzico?

This payment system provides many advantages and conveniences for online shoppers. It is possible to list these conveniences as follows:

It makes shopping steps much more practical.

It makes it possible to shop without a bank account.

Problems are solved as soon as possible with the 24/7 live support offered.

Facilitates cancellation and return processes.

Ensures the security of payment information.

Many more conveniences provided by this payment system can be mentioned. You can start using iyzico for free to benefit from all these advantages.

What are the Privileges of Using iyzico and E-Commerce?

This payment method is extremely advantageous not only for consumers but also for e-commerce companies. iyzico provides you with the following privileges in e-commerce:

You can offer your customers the opportunity to shop in installments.

You do not have to pay a certain fixed fee.

You have favorable conditions for e-export as you can receive payments in different currencies.

Your customers can make payments easily and securely. This is reflected in your sales figures and customer satisfaction level.

It becomes easier for you to include alternative payment methods on your site.