How to Send Money to Turkey from USA?

The Republic of Türkiye, more popularly known as Turkey is a transcontinental country in both Europe and Asia. It is located between Europe and Asia and is the most significant economic link between the Eastern and Western regions. As one of the G20 countries, it is the 11th economy in terms of Gross Domestic Product according to purchasing power parity. Many businesses recognize the valuable supply partnerships that can be made in Turkey, as it is one of the top global suppliers of primary products and goods, ranging from cereals and fruits to textiles and home appliances. Not only is Turkey a vital country for trade, but it is also one of the top destinations for medical tourism for dental and medical treatments like all-on-4 implants and gastric bypass surgery, attracting patients from around the world.

Many patients from the USA travel to Turkey for medical treatments. Sometimes, it becomes necessary to send money for various reasons.

Are you wondering how to send money to Turkey from USA? This blog will introduce you to the steps for sending money from the USA.

Improvements in technology have also made it easier to transfer money from the USA to Turkey through digital transfer services. There are still traditional ways of paying for goods and services, but the advanced ways come with speed, security, and sometimes cheaper rates. Now, let us take a closer look at how you can send money to Turkey.

What are the Payment Methods in Turkey?

There are a number of Turkey payment methods that a US citizen can use to transfer money to Turkey. They are:

• Global and domestic payment services include BPN, Papara, and Turan.
• The mobile payment services include BKM Express, Paycell and GPay.

Each business is unique, so it’s essential to check the online money transfer services available in Turkey in more detail. If you are considering how to send money to Turkey from USA, here are the details of the various transfer methods.

■ Global and Domestic Payments

Numerous companies offer secure online money transfer services to Turkey. Some local companies are BPN, Papara, and Turan, which compete equally with big companies like MoneyCorp and Western Union Business.

■ Multi-currency Accounts

Multi-currency business accounts for online operations are available in Turkey which are a breath of fresh air when it comes to sending money to Turkey. Therefore, these accounts have been developed to suit businesses that operate in different countries. This allows companies to gain profitable world markets and develop innovative growth in the global markets.

What are Turkey Online Payment Pethods?

There are a number of Turkey online payment methods for US citizens, depending on their preference and transaction type. Many highly rated companies offer global money transfer services, including:

■ Western Union:

Western Union is a famous money transfer company. It offers transactions via the Internet and through offices. Clients can also collect cash at specified drop-off points within Turkey.

■ MoneyGram:

Like Western Union, MoneyGram is a reliable company that sends money to Turkey. Various agents offer the cash pickup option.

■  TransferWise (now Wise): 

Wise offers a very good exchange rate. It can transfer the money directly into a Turkish bank account.

■ Xoom:

Xoom, an affiliate of PayPal, offers money transfers to Turkey. Clients can opt for bank transfers or cash delivery.

What are Turkey Offline Transaction Methods?

Another traditional option for those customers who do not prefer electronic payment systems is bank transfer. This method involves transferring funds from a specific US bank account to a particular Turkish bank account. The best method of transferring your money to Turkey is by using a provider that aligns with the Consumer Financial Protection Bureau in the United States of America. Bank transfers are generally the most inexpensive method to get your money to Turkey.

• While searching for affordable methods of making money transfers to Turkey, it is critical to determine the total cost per transaction.
• Although it is cheaper than your American bank, some money transfer companies may charge a one-off fee or a percentage to do your transfer.
• Money transfer providers may charge a margin over the mid-market USD/TRY exchange rate as another source of revenue.

It is important to note that some providers are cheaper at the mid-range rate but incorporate other fees. For example, others may have small fees but make money on the exchange rate. This means it is necessary to explain clearly how many Turkish liras your recipient will receive.

How to Send Money to Turkey from USA?

Therefore, if you are concerned about how to send money to Turkey from USA, you can use the methods above. Each has its benefits. On the other hand, methods that have been in the market for much longer, such as bank wire transfers and Western Union, are reliable and secure. So, you can send money at any time from anywhere with these hassle-free options.