Sipay

Sipay: An Overview For Merchants

Sipay is a Turkey-based payment service provider that offers online and in-person solutions for businesses of various sizes. On its official website, Sipay highlights Virtual POS for e-commerce, Physical POS for retail, payment by link, subscriptions, and marketplace payouts.

What Is Sipay

Sipay describes itself as an innovative financial technology company that provides a single platform for accepting payments and managing financial operations. Its product set spans Virtual POS, Physical POS, Open Banking, Wire Transfer or EFT, a corporate wallet, and a consumer wallet with physical and virtual cards. The company states that it operates as a licensed payment institution under Turkish law and positions its infrastructure as PCI-DSS compliant with 24 or 7 security monitoring.

Core Payment Products For Merchants

Online Payments via Virtual POS

Sipay’s Virtual POS is the centerpiece for accepting online card payments. The provider markets simple onboarding and a transparent structure for e-commerce brands. Key points called out on the official product page include:

• Acceptance of all major debit and credit cards

• Option to offer single-shot or installment payments

• Transfers to the merchant’s account the next day after successful payment

• Statement that there are no integration, monthly, or annual dues for Online Payments

• Workflow from checkout to authorization handled through Sipay’s payment page

These attributes are framed for merchants seeking straightforward card-not-present processing for web or app channels.

In-Person Payments via Physical POS

For brick-and-mortar or mobile selling, Sipay offers an Android Physical POS device with a plug-and-play model:

• Accepts debit and credit cards, including contactless NFC and chip or magnetic stripe

• Supports TR QR Code payments

• Offers single-shot and installment options

• Mentions multi-currency collection, including Turkish lira, euro, and US dollar

• Provides e-invoice or printed invoice capability

• Emphasizes quick delivery and immediate use once connected to the internet

The provider also references daily reporting, currency or date filters, and a focus on high successful transaction rates.

Payment By Link

Sipay supports remote collection without a website through payment links:

• Merchants create a unique link with product details in the corporate panel

• Customers complete payment through the hosted page

• Funds are credited once the payment is made

• The hosted page can include elements like a brand logo or sales contract

This method suits invoicing, phone sales, or social commerce where checkout pages are not available.

Subscription Method

For recurring billing, Sipay offers a subscription method that enables automatic, periodic charges to deliver predictable revenue streams. It is positioned for membership or SaaS-style models that require repeat payments.

Marketplace Solution

Sipay provides a marketplace payment flow designed to accept customer payments, create sub-merchant accounts, deduct marketplace or bank commissions, and automate seller payouts. The dashboard emphasizes consolidated orders, refunds or cancellations handling, stored card capabilities, and detailed reporting.

Corporate Wallet and Payouts

Sipay highlights a Corporate Wallet to help businesses manage balances, accept payments, and handle transfers. Developer references to a wallet API are available to support programmatic money movement and account features.

Open Banking, Wire Transfer or EFT, and Digital Wallet

On its main site, Sipay groups Open Banking and Wire Transfer or EFT alongside card acceptance. For consumer scenarios, Sipay also promotes a digital wallet and prepaid card. While these are not strictly acquiring features, they illustrate a broader ecosystem a merchant may tap into if customer experience or payouts require it.

Payments, Settlement, and Currencies

For Online Payments, Sipay states that successful transactions are credited to the merchant’s account the next day. The Physical POS pages reference acceptance in Turkish lira and support for euro and US dollar, plus installment programs through contracted banks. In-person acceptance also includes TR QR Code, which is relevant for domestic alternative payments. Together, these points indicate a multi-channel, multi-currency approach with next-day funding for online card transactions as described by Sipay.

Security And Compliance

Sipay presents the following security and compliance controls on its public pages:

• PCI-DSS certified infrastructure designed to meet global payment security standards

• A layered, 24 or 7 security operation with fraud detection filters

• Information Security Policy that references encryption, environment separation, network controls, and minimum-privilege access

• Developer documentation that references 3D Secure payment flows

For context, PCI DSS is the global security standard for protecting payment card data, and EMV 3-D Secure is the protocol used to authenticate cardholders in e-commerce, helping reduce card-not-present fraud. Merchants evaluating Sipay should confirm the scope of PCI responsibilities for their integration, understand how 3DS is applied in their checkout, and align internal controls with the provider’s policy framework.

Integration And Developer Experience

Sipay provides developer documentation that includes Virtual POS, marketplace endpoints, and notes about 3D Secure processing. The business site also emphasizes a short integration window, stating that a business can be ready to accept payments within about two hours. Integration models typically include:

• Hosted payment pages for fast rollout

• API-based integrations for custom checkout flows

• Dashboard access for link payments, subscriptions, and reporting

• Android POS for in-store use, delivered pre-configured

Merchants should review API references, test environments, credential provisioning, and webhook or notification options to finalize the build plan.

Merchant Experience And Operations

Sipay’s product pages call out several operational conveniences:

• Reporting by date, currency, and period to track sales and settlement

• E-invoice or paper invoice for in-person payments

• A user-friendly corporate panel for creating payment links and managing transactions

• 24 or 7 customer support references on the business pages

• Installment campaigns through contracted banks to support conversion in online and in-store channels

If a merchant operates a marketplace, Sipay’s sub-merchant and automated payout capabilities can reduce manual reconciliation and help manage commission structures.

Best-Fit Use Cases

Sipay’s feature set aligns with several merchant types:

• E-commerce brands that want card acceptance, installments, and next-day settlement

• Omnichannel retailers that need Android POS, TR QR Code, and quick device activation

• Subscription businesses requiring regular, automated charges

• Marketplaces and multi-seller platforms needing sub-merchant onboarding and automated payouts

• Invoice-driven or remote sellers who prefer generating one-time payment links

Strength

• Single provider for online, in-person, link, subscription, and marketplace payments

• Next-day funding for Online Payments as described on the product page

• Installment acceptance through contracted banks, helpful for conversion in Turkey

• Multi-currency mention on Physical POS, including EUR and USD

• PCI-DSS infrastructure claims and 24 or 7 security with fraud monitoring

• Quick start options, including plug-and-play POS and fast integration references

Conclusion

Sipay provides a consolidated suite of acquiring tools for Turkish merchants and cross-border sellers operating in Turkey. With Virtual POS for e-commerce, Android-based Physical POS for stores, payment links, subscriptions, and a marketplace module, the platform can serve a range of use cases from basic checkout to complex multi-seller flows. Security claims focus on PCI-DSS infrastructure and 3D Secure, with additional emphasis on fraud controls and an information security policy. The commercial model for Online Payments highlights no setup or monthly dues and next-day settlement, though overall pricing is not published and should be confirmed directly with the provider. For merchants seeking a single stack for online and in-person acceptance with installments and local capabilities like TR QR Code, Sipay is a candidate worth evaluating against technical, operational, and pricing requirements.