Qitero Qitero

iyzico

Country: Turkey (TR)  |  Payment Rail: closed_loop_wallet

DigitalWallet Market Adoption: 70%

iyzico is a leading digital payment gateway and consumer wallet in Turkey (owned by PayU), featuring multi-card installment aggregation, one-click checkout, and buyer protection widely used for e-commerce, online marketplaces, and digital subscriptions.

🔄 User Payment Flow

  1. Customer selects Pay with iyzico (iyzico ile Öde) at merchant checkout
  2. Customer logs in with mobile phone number and SMS verification or uses stored card credentials
  3. Customer chooses payment source: iyzico wallet balance, saved bank cards with installment options (Taksit), or direct bank transfer
  4. Customer completes 3D Secure SMS authorization
  5. Order is confirmed instantly with buyer protection guarantee

⚙️ Characteristics & Settlement

Instant PaymentYES
Supports QRYES
Supports RecurringYES
Supports RefundYES

🛠️ Merchant Integration Steps

  • Merchant backend initiates payment checkout form initialization via iyzico API
  • iyzico generates responsive checkout iframe / redirect form
  • Customer authorizes transaction through 3DS verification
  • iyzico sends synchronous result and asynchronous webhook callback to merchant
  • Merchant updates order state to Paid