Bank Transfer

Online retailers who sell products or services can greatly benefit from offering a variety of payment methods, and one important factor that can impact the success of their e-commerce business is the diversity of payment methods available. In Turkey and worldwide, bank transfers and electronic fund transfers (EFT) play a significant role as payment options, and they can be easily integrated into our merchants' websites.

To accept payments via bank transfers and EFT, you simply need to place the link created with the iyzipay API on your website. For merchants who have integrated the iyzico payment form, you can request the activation of the bank transfer/EFT payment option by sending an email to [email protected]. In this case, the Secure Bank Transfer/EFT tab will be visible on the payment form, allowing customers to choose this payment method.

Advantages

• Don't need to open different bank accounts because the iyzico Secure Bank Transfer/EFT system is integrated with İş Bankası, Garanti Bankası, and Akbank. Additional banks can be added by iyzico without disrupting your processes or requiring any extra development on your end.

• There's no need for manual control processes by your finance and accounting teams. The payment matching and reporting process, which can be a significant burden for your company, is fully automated by iyzico where iyzico checks bank accounts every 15 minutes.

• Users and merchants are informed at every stage of the process. Merchants and customers are notified via SMS and email as soon as the bank transfer process begins. When the payment is matched, the transaction status is marked as successful, and another notification is sent. Customers have 3 business days to make the transfer.

• Payment cancellation and refund processes are managed by iyzico on your behalf. Your customers can benefit from iyzico's secure shopping, live support, and 24/7 communication.

• Reports are available in a single format. Transaction details can be quickly accessed through the API and iyzico merchant panel. For each transaction, the transaction details are sent to the specified URL via post notification, allowing you to update your system accordingly.

• iyzico's secure shopping increases customer satisfaction.

Bank Transfer Payment Flow

Bank Transfer/EFT process starts with you first selecting the bank account to which you will make the Bank Transfer/EFT. After you enter and confirm the account information to which you will send the payment, your bank accounts are checked every 15 minutes. When information about the payment comes from the bank accounts, iyzico confirms the payment.