How to Pay Contractors
in Turkey
Pay Turkey-based contractors via Bank Transfer, Stablecoin Payout, FAST. Average settlement: Same day.
Turkey Payment Overview
Turkish Lira · TRY
How You Pay in Turkey
You fund in USD, stablecoin (USDC/USDT), or BTC. Your contractor in Turkey chooses how they receive it. Bitwage handles the conversion and routing.
Compliance screened
Optimal rail selected
Payment Rails Available in Turkey
Choose the right rail for each contractor. Click for full setup instructions.
Bank Transfer
Standard TRY wire to any Turkish bank account via FAST or EFT.
Fees: 0.5–1.5%
Stablecoin Payout
USDC or USDT payout to contractor's crypto wallet, protecting against TRY depreciation.
Fees: 0–0.5%
FAST
Turkey's Funds Transfer System — real-time 24/7 interbank payment rail.
Fees: 0.3–0.8%
How Bitwage Works in Turkey
Bitwage connects your USD balance to Turkey's local payment infrastructure. You fund once, we route to each contractor via their preferred rail.
Fund Your Balance
Deposit USD into your Bitwage Balance. No need to pre-convert to TRY.
Add Contractors
Enter each contractor's payment details — CLABE, IBAN, wallet address, or local account number. Or upload a CSV.
Execute & Settle
Bitwage locks the FX rate, converts, and routes via Bank Transfer. You get a settlement confirmation for every payment.
Compliance Notes
Turkey requires foreign income to be declared with the Turkish Revenue Administration (GÄ°B). Bitwage screens all payments against OFAC and EU sanctions lists.
FX Considerations
The TRY has experienced significant depreciation. Bitwage locks the USD/TRY rate at execution time; many Turkish contractors prefer stablecoin payouts to preserve dollar-equivalent value.
Key Terms
Paying Contractors in Turkey FAQ
Common questions about TRY payments, local rails, compliance, and FX.
Yes. Bitwage supports usdc payouts directly to your contractor's crypto wallet. This protects them from TRY devaluation and lets you lock in a dollar-equivalent payment amount.
FAST is Turkey's real-time 24/7 payment rail operated by the Central Bank of Turkey. Settlement typically takes under 30 seconds. Your contractor receives TRY directly to their bank account. See our contractor payments page for setup details.
Bitwage performs OFAC and EU sanctions screening on every payment and collects W-8BEN for US tax reporting. Turkish contractors are responsible for declaring foreign income with GÄ°B. See our contractor vs employee guide.
Yes. With masspay you can upload a CSV with any number of Turkish contractors across all supported rails and execute in one click.
When you execute a payment run, Bitwage applies a fx rate lock that freezes the exchange rate at the moment of execution, giving both parties predictable settlement amounts.
Ready to Pay Contractors in Turkey?
Fund your Balance once. Pay via Bank Transfer in Same day.