Joshua D'Costa
Growth & Marketing
Feb 10, 2025
|
4
min
If you’re running a software business in Turkey, you’ve probably faced the uphill battle of accessing international revenue. With platforms like Stripe and PayPal either out of reach or riddled with restrictions, growing your business globally can feel like an impossible task.
Add to that the complexities of Turkey's ever-evolving tax policies, from mandatory VAT registration for digital service providers to fluctuating tax rates, and the rules are constantly being updated. (Check the thresholds to understand your potential tax registration requirements in Türkiye.)
It’s no wonder businesses are looking for solutions that can tackle it all. Well, there is a solution that can simplify everything from filing taxes to stress-free international payments.
Merchant of Record!
Let’s dive into why Turkey needs a Merchant of Record solution and how it can transform your business.
Why Does Turkey Need a Merchant of Record?
When it comes to platforms like Stripe and PayPal, businesses in Turkey face significant roadblocks.
Stripe Turkey (Stripe Türkiye) is a great platform, but opening an account in Turkey isn’t straightforward. You’d need to set up a legal entity in the U.S. just to get started. Which basically means Stripe is not officially supported in Turkey.
something most businesses can’t afford.
PayPal has struggled with compliance issues in Turkey, leaving businesses with limited payment options for their international customers.
The ever-changing VAT (Value Added Tax) regulations and other compliance challenges, and it’s clear why Turkish businesses need a better alternative.
The Problem
Running a Digital Business in Turkey often means:
Limited Access to Global Payments
Many platforms simply don’t work for businesses based in Turkey or have restrictions. This barrier forces many businesses to cancel their plans of selling globally or find tedious workarounds that take up time and resources.
Complex Tax Compliance
Managing VAT registration requirements, constant updates, and staying compliant is not easy, especially for small businesses or individuals, making it hard to focus on core business
Delayed Payments
Imagine closing a big sale to an international customer, but your funds are stuck in limbo. Long waiting periods or even blocked transactions can slow down your cash flow, leaving you scrambling to cover everyday expenses.
Need for Foreign Accounts
Most payment processors will tell you to open an offshore bank account. It is not only expensive for you but time consuming and often requires jumping through bureaucratic hoops.
Don’t worry; there’s a solution.
The Solution: Meet Dodo Payments
Here’s where Dodo Payments steps in to make your life easier. Think of it as the ultimate alternative to Stripe Türkiye or PayPal Turkey, but tailored specifically for businesses like yours.
What Makes Dodo Payments Different?
Seamless International Payments
Accept payments from global customers from 150+ countries, at any time, in multiple currencies without restrictions or roadblocks. Dodo Payments ensures you can transact globally without barriers. Whether your customers are in Europe, the Americas, or Asia, payments flow effortlessly.
No Foreign Entity Required
Platforms like Stripe need you to set up a U.S. business entity, a step that can be costly and complicated. With Dodo Payments you can sell internationally without establishing a business abroad. Forget setting up a U.S.-based business, Dodo Payments handles it all for you.
Compliance & Tax Handling
We ensure you’re always compliant with Turkish and international tax laws, so you don’t have to worry about audits or penalties. From VAT to GST, we take care of all the tax obligations so you can focus on growing your business while Dodo manages the complex backend for you.
Simpler Payouts
No more blocked transactions or frustrating delays, just smooth, timely settlements that keep your business running efficiently.
Final Thoughts
Remember, Expanding your business internationally doesn’t have to be a struggle. With a Merchant of Record like Dodo Payments, you can:
Focus on scaling your business instead of dealing with regulatory red tape.
Avoid the hassle of opening foreign bank accounts or setting up offshore entities.
Enjoy faster, smoother payouts without worrying about compliance.
Grow your global presence and become hassle-free, leaving you with more time and energy to focus on building your business.
Revolutionize your business with Dodo Payments and tap into global markets effortlessly.
Take the leap today and grow your business beyond borders by signing up!
