Short, clear explanations of the payment, e-document, customer and company-formation terms you'll come across while running your business in Turkey.
A security standard that adds an extra verification step to online card payments. The cardholder approves the transaction with an SMS code or a notification from their bank during checkout.
An account record showing what you owe to, or are owed by, a customer or supplier. It lets you track how much you've been paid and how much is still outstanding.
A type of invoice issued to buyers who are not registered in the e-invoice (e-Fatura) system (for example, individual customers) and reported electronically to the Revenue Administration (Gelir İdaresi Başkanlığı, GİB).
An umbrella term for paper documents issued in electronic form, such as the e-invoice (e-Fatura), e-archive invoice (e-Arşiv Fatura) and e-waybill (e-İrsaliye).
A document issued and delivered electronically between parties registered in the e-invoice (e-Fatura) system, with the same legal validity as a paper invoice.
A verification method that lets you sign a document electronically, in a legally valid way, instead of with a wet signature.
Any information that can directly or indirectly identify a person, such as a full name, phone number or email address.
The percentage fee a payment institution charges on every payment you collect. It can vary depending on the card type and the number of installments.
Turkey's Personal Data Protection Law (Kişisel Verilerin Korunması Kanunu). It sets out for what purposes and how personal data may be processed, and the rights of the individuals concerned.
A company type that can be set up with at least one partner, where the partners' liability is limited to the capital they contribute. It is one of the most common company types in Turkey.
An electronic verification tool, similar to an e-signature, that legal entities use to sign e-documents such as e-invoices (e-Fatura) and e-archive invoices (e-Arşiv Fatura).
An approach that brings customer contact details, conversation history and requests together in one place so you can manage customer relationships in an organized way.
An institution authorized by the Central Bank of the Republic of Turkey to provide payment services without a banking license, offering services such as virtual POS and payment links.
A link you send to your customer that lets them pay by card with one click. It lets you collect payments online without building an e-commerce website.
A text message sent automatically to a customer so they don't forget an upcoming appointment.
A system of discounts, points or rewards offered to encourage customers to buy again.
A rented office service you can use as your company address: you don't physically work there, but you can list it as your official address for legal notices and registration.
A payment infrastructure that lets you accept card payments online, without any physical device.
A potential customer conversation or request that hasn't turned into a sale yet but needs to be followed up.
Keeping a record of the current quantity of the products you sell, so you can see at any moment how many units of each product are left.
A business type set up by a single person, relatively simple to open and close, where the owner's liability is unlimited.
The process by which a customer's payment for the product or service you sold reaches your business account.
The official gazette in which commercial transactions such as company formations, trade name changes and closures are publicly announced.
An official document obtained from the tax office that shows a business's tax registration.
The natural or legal person who determines the purposes and means of processing personal data and is responsible for establishing and managing the data filing system.
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