Sipay is a payments & billing tool for Small businesses and E-commerce, offered as paid. Founded in Turkey in .
About Sipay
Sipay is a Turkish fintech company based in Istanbul and licensed by the Central Bank of the Republic of Turkey as an electronic money institution. It provides payment infrastructure for online and offline merchants and a digital wallet for consumers, positioning itself as a single provider for collecting payments, splitting funds and paying out.
For merchants, Sipay offers virtual POS for card acceptance, installment payments with Turkish card programs, payment links that can be shared over messaging apps, email or social media, recurring payments, and marketplace and sub-merchant payment flows that split funds between sellers. Plugins for popular e-commerce platforms speed up integration, and APIs serve custom checkouts. The consumer wallet supports money transfers, bill payments and shopping. Pricing is commission-based and negotiated per merchant, depending on volume, sector and settlement schedule.
Sipay fits Turkish e-commerce sites, marketplaces and service businesses that want one partner for online collection, installments and marketplace payouts. Merchants should compare commission rates, settlement times, installment options, support quality and fraud tools before choosing. iyzico and PayTR are the main local competitors, Param is another licensed alternative, and Stripe is not directly available to companies registered in Turkey.
Key features of Sipay
- Virtual POS and 3D Secure
- Installment payments
- Payment links
- Marketplace and sub-merchant payments
- E-commerce plugins and API
- Digital wallet
Pros and cons
Pros
- Licensed e-money institution
- Installments supported
- Marketplace features
- Plugins for common platforms
Cons
- Turkey-focused
- Commission rates vary by agreement
- Smaller developer community than iyzico
- Wallet less relevant for B2B
Sipay pricing
Sipay uses a paid model.
| Plan | Price | Includes |
|---|---|---|
| Custom | Custom | Merchant commission agreed per merchant |
Source: sipay.com.tr · checked on Oct 20, 2026
How Sipay compares in Payments & billing
- Rank by votes
- #1 / 18
- Starting price
- —
- Free alternatives
- 2
0 votes from members
Category median is $39/mo
Free or open-source tools in Payments & billing
Sipay ranks #1 of 18 payments & billing tools by community votes and is not directly comparable on price.
Common use cases
- 1Online store accepting cards with installments
- 2Marketplace splitting payments to sellers
- 3Payment links for social selling
- 4Subscription collections
Best for
Turkish merchants comparing payment providers.
Not ideal for
Businesses selling mainly outside Turkey.
Integrations
- WooCommerce
- OpenCart
- ikas
- API
- Payment links
Our take
Sipay is a capable iyzico and PayTR alternative; compare rates and payout terms.
FAQ
- What is Sipay?
- Sipay is a Payments & billing tool: Virtual POS, payments and wallet from a licensed Turkish e-money firm.
- How much does Sipay cost?
- Sipay uses a Paid model; see the vendor's pricing page for current plans.
- What does Sipay integrate with?
- Sipay integrates with WooCommerce, OpenCart, ikas, API, Payment links and more.
- Which platforms does Sipay support?
- Sipay is available on web, ios, android.
- Who is Sipay for?
- Turkish merchants comparing payment providers.
More Payments & billing tools
Shopier
▲ 0Sell and get paid online from Turkey, including via social media
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