Param vs Sipay
Param and Sipay are both payments & billing tools aimed at small businesses and E-commerce.
Param
Virtual POS and payment services from a Turkish payment institution
Sipay
Virtual POS, payments and wallet from a licensed Turkish e-money firm
| Pricing | Paid | Paid |
| Starting price | Not published | Not published |
| Free plan | No | No |
| Free trial | — | — |
| Built for | Small businesses, E-commerce | Small businesses, E-commerce, Enterprise |
| Platforms | web, ios, android | web, ios, android |
| Country | TR | TR |
| Rating | — | — |
Choose Param if
Small Turkish merchants wanting online and in-person payments.
- Online and in-person options
- Installment support
- Suits small merchants
Look elsewhere if: Global SaaS billing (Stripe, Paddle).
Choose Sipay if
Turkish merchants comparing payment providers.
- Licensed e-money institution
- Installments supported
- Marketplace features
Look elsewhere if: Businesses selling mainly outside Turkey.
Param vs Sipay pricing
Param
- Sanal POS%2,29'dan/per transactionAdvertised starting commission, next-day settlement; KDV not stated
Sipay
- CustomCustomMerchant commission agreed per merchant
Param · Key features
- Virtual POS
- Installments
- Payment links
- Mobile and physical POS options
- E-commerce integrations and API
- Prepaid card and wallet
Cons
- Under TMSF trusteeship since July 2026
- Turkey-focused
- Rates vary
Sipay · Key features
- Virtual POS and 3D Secure
- Installment payments
- Payment links
- Marketplace and sub-merchant payments
- E-commerce plugins and API
- Digital wallet
Cons
- Turkey-focused
- Commission rates vary by agreement
- Smaller developer community than iyzico
Param vs Sipay: FAQ
Do Param and Sipay have a free plan?
Param has no free plan. Sipay has no free plan.