Param is a payments & billing tool for Small businesses and E-commerce, offered as paid. Based in Turkey. Popular alternatives include iyzico, PayTR, Lidio.
About Param
Param is a Turkish fintech company and licensed electronic money institution that provides payment services to merchants and consumers. For businesses it offers virtual POS for e-commerce, physical and mobile POS options, installment payments, payment links that can be shared over WhatsApp or SMS, and integrations and plugins for common e-commerce platforms, so a merchant can start accepting cards online and in store through one provider.
Important: on 13 July 2026, as part of an investigation by the Istanbul Chief Public Prosecutor's Office, the Savings Deposit Insurance Fund (TMSF) was appointed trustee over Turk Elektronik Para A.Ş. (Param) and its group companies. ParamPOS merchant receivables have since been paid in stages, first up to 100,000 TL and then up to 250,000 TL, with remaining balances paid as the company's finances allow. Merchants considering Param should read the latest TMSF and company announcements before signing up.
On the consumer side, Param offers prepaid cards and a digital wallet, which makes it one of the better-known fintech brands in Turkey. For merchants, the main points of comparison are commission rates by installment count, how quickly funds are settled to the bank account, integration documentation and API quality, fraud and 3D Secure handling, and the quality of the merchant panel and support. Param advertises virtual POS commission from 2.29% with next-day settlement, while final rates depend on sector, volume, instalments and settlement terms.
Under normal operating conditions, Param suits small and mid-size Turkish merchants, e-commerce sites and service businesses that want a single provider for online and in-store payments without negotiating directly with several banks. Larger merchants with multiple bank POS agreements often add an orchestration layer such as Craftgate. iyzico is the best-known alternative with a strong buyer-protection brand, PayTR is popular with small e-commerce sites, and Sipay competes on marketplace and wallet features; comparing offers from several providers is the norm.
Key features of Param
- Virtual POS
- Installments
- Payment links
- Mobile and physical POS options
- E-commerce integrations and API
- Prepaid card and wallet
Pros and cons
Pros
- Online and in-person options
- Installment support
- Suits small merchants
- Local support
Cons
- Under TMSF trusteeship since July 2026
- Turkey-focused
- Rates vary
- Developer docs less extensive than iyzico
- Brand known more for consumer cards
Param pricing
Param uses a paid model.
| Plan | Price | Includes |
|---|---|---|
| Sanal POS | %2,29'dan / per transaction | Advertised starting commission, next-day settlement; KDV not stated |
Source: param.com.tr · checked on Oct 20, 2026
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How Param compares in Payments & billing
- Rank by votes
- #1 / 22
- Starting price
- —
- Free alternatives
- 3
0 votes from members
Category median is $49/mo
Free or open-source tools in Payments & billing
Param ranks #1 of 22 payments & billing tools by community votes and is not directly comparable on price.
Common use cases
- 1Small store adding virtual POS
- 2Service business sending payment links
- 3Merchant needing both online and in-person payments
- 4WooCommerce shop accepting installments
Best for
Small Turkish merchants wanting online and in-person payments.
Not ideal for
Global SaaS billing (Stripe, Paddle).
Integrations
- WooCommerce
- OpenCart
- API
- Payment links
Our take
Param is a practical local option for merchants who also take payments in person.
FAQ
- What is Param?
- Param is a Payments & billing tool: Virtual POS and payment services from a Turkish payment institution.
- How much does Param cost?
- Param uses a Paid model; see the vendor's pricing page for current plans.
- What are the best alternatives to Param?
- Community-listed alternatives to Param include iyzico, PayTR, Lidio, Payten.
- What does Param integrate with?
- Param integrates with WooCommerce, OpenCart, API, Payment links and more.
- Which platforms does Param support?
- Param is available on web, ios, android.
- Who is Param for?
- Small Turkish merchants wanting online and in-person payments.
Alternatives to Param
See all 10iyzico
▲ 0Payment gateway for Turkey
PaidSmall businesseschecked Oct 20
PayTR
▲ 0Turkish payment service provider
PaidSmall businesseschecked Oct 20
Lidio
▲ 0Turkish payment orchestration: virtual POS, routing, one-click pay
PaidE-commercechecked Oct 20
Payten
▲ 0Payment gateway and Paratika virtual POS for merchants in Türkiye
PaidE-commercechecked Oct 23
Sipay
▲ 0Virtual POS, payments and wallet from a licensed Turkish e-money firm
PaidSmall businesseschecked Oct 20
Stripe
▲ 0Payments infrastructure for the internet
PaidDeveloperschecked Oct 20
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