🇹🇷 Pay Suppliers in Turkey
Pay Turkish textile suppliers, manufacturing, and agricultural products
T+0 (2.3s avg within Unicorn network). Save 87% vs traditional banks.
What you need to send money to Turkey
What details do I need to pay suppliers in Turkey?
To pay suppliers in Turkey you need the recipient's IBAN (International Bank Account Number (26 characters)), plus account number and beneficiary name. Payments typically settle in 2.3 seconds and cost 0.5% FX spread + £5 per payment.
How fast are payments to Turkey?
Payments to Turkey settle in an average of 2.3 seconds when using local rails such as BKM (Interbank Card Center), compared to 2–3 days via traditional SWIFT.
How much does it cost to send money to Turkey?
Unicorn Currencies charges 0.5% FX spread and £5 per payment. You save about 87% versus banks (e.g. £505 vs £4035 on a £100k transaction).
Cost Comparison: Banks vs Unicorn Currencies
See how much you save on £100,000 payment to Turkey
| Cost Item | Traditional Banks | Unicorn Currencies |
|---|---|---|
| FX Spread | 4% | 0.5% |
| Payment Fee | £35 | £5 |
| Total Cost (£100,000) | £4,035 | £505 |
| YOUR SAVINGS | N/A | £3,530 (87%) |
| Settlement Time | 2-3 days (SWIFT) | T+0 (2.3s avg within Unicorn network) |
Local Payment Rails in Turkey
Avoid expensive SWIFT fees. We use local payment systems in Turkey for faster, cheaper settlement.
BKM (Interbank Card Center)
Turkey's national payment system
SWIFT
Common for international trade
Who Uses This Payment Corridor
Key Industries in Turkey
- Textile
- Automotive Parts
- Agricultural Products
- Construction Materials
- White Goods
Average Transaction: £40k-£180k
Typical Monthly Volume: £200k-£1.5M
Popular Supplier Types
- Textile manufacturers (Istanbul, Bursa, Denizli)
- Automotive parts (Bursa, Kocaeli)
- Agricultural exporters (Izmir, Antalya)
- White goods manufacturers (Istanbul)
What You Need to Know: Turkey Payments
Regulatory Considerations
- Central Bank of Turkey (TCMB) regulations
- High inflation - TRY volatility extreme
- Many suppliers prefer EUR/USD invoicing
- Turkish customs documentation required
Payment Tips for Turkey
- TRY highly volatile - lock rates immediately or use EUR/USD
- Turkey strategic location between Europe/Asia
- Strong textile and automotive sectors
- Political/economic volatility - use hedging
Why Choose Unicorn for Turkey Payments
Local Rails, Not SWIFT
We use BKM (Interbank Card Center) and other local systems in Turkey. Avoid 3-4% SWIFT fees and 2-3 day delays.
87% Lower Costs
Save £3,530 on every £100,000 payment. On £200k-£1.5M monthly volume, save up to £105,900 annually.
Bank of Canada Supervised
Registered Payment Service Provider (PSP) and FINTRAC MSB. Full regulatory compliance for Turkey payments.
Real-Time FX Tracking
Upload supplier invoices in TRY. See live P/L as GBP/TRY rates move. Lock rates for 15 seconds before committing.
£1,000,000+ Paying Suppliers in Turkey? Save 87%
Enterprise treasury for import/export businesses with T+0 (2.3s avg within Unicorn network) settlement to Turkey
For businesses with high annual FX volume. Not consumer transfers.