What You Need to Know About the Troy Card

The shortest answer to the question “What is the Troy card?” is its full name, Turkey’s Payment Method. In more detail, the Troy card was developed and implemented by the Interbank Card Center (BKM). Its most important feature is being a domestic card payment system. The card features a logo that directly includes its name. Users, especially when they see a logo different from the familiar major card networks, may become curious and research it. Moreover, banks have opened the application process for those who wish to obtain this card. More than 20 banks in Turkey facilitate the necessary steps for users to acquire a Troy card. You can visit their official website through this link.

Troy stands for “Turkey’s Payment Method.” This domestic payment system enables money flow between banks and businesses through an electronic banking method. TROY obtained authorization from the Banking Regulation and Supervision Agency (BDDK) to establish a card system on March 31, 2016.

You’ve probably seen the MasterCard symbol on the corner of cards. This symbol represents a financial company. A bank card requires an intermediary to make transactions between different banks. Through this intermediary, money transfers occur between banks or financial institutions. This process also applies to electronic purchases. MasterCard, for example, is a product designed to fulfill this intermediary role. Similarly, companies like Visa or Amex operate in this space. The Troy card, on the other hand, is a domestic project designed for the same purpose, facilitating money flow between banks and businesses.

Applying for a Troy Card

Financial institutions are ready to offer this service. You can visit participating banks to open a new account and get a Troy card. Alternatively, you can replace your existing card with a Troy card. By doing so, you’ll support domestic investments. However, it’s important to note that this card can only be used within Turkey.

Where Can You Use It?

This card can be used anywhere other cards are accepted, provided it’s within Turkey. You can shop via POS machines, withdraw cash from shared ATMs, or make online purchases.

For secure online shopping, the Troy Card offers a service called GO – Secure Pay, similar to SMS authentication methods used by other cards. This service ensures transaction security by providing a one-time SMS code during your purchase. This way, Troy guarantees both secure online and daily transactions.

Types of Troy Cards

Like other banks, Troy also offers debit, credit, and prepaid card options. Applicants can choose a card type based on their intended use.

Troy Debit Card: This card is for those who wish to open a checking account. Whether you open a new account or replace your existing card with a Troy Card, you’ll continue to perform transactions as you would with other card networks like MasterCard. By depositing money into your card account, you can complete transactions. Users can also switch their salary accounts to a Troy Card, supporting local firms and initiatives.

Troy Credit Card: This type of card serves as an agreement between you and the bank. Your bank assigns you a limit, which you can later increase or decrease through negotiation. This card allows you to withdraw cash advances, pay bills, and conduct other transactions. Note that interest rates are unaffected by the fact that it’s a Troy Card.

Prepaid Troy Card: This card works by loading a specific amount of money in advance. The funds can be added either by you or someone else, or through a bank transfer to your account. Transactions are then completed using the available balance on the card.

If you’re curious about payment gateway software that supports Troy Cards, many payment systems already accommodate them. Additionally, you can integrate all Troy-supported payment systems into your website using the Sanal Pos PRO software by Eticsoft.

Banks Supporting Troy Cards

Here’s a categorized list of banks offering Troy cards by type:

Credit Cards

  • Akbank
  • Alternatif Bank
  • Anadolubank
  • QNB Finansbank
  • Garanti BBVA
  • Halkbank
  • Kuveyt Türk
  • Şekerbank
  • TEB (Türk Ekonomi Bankası)
  • Türkiye Finans
  • Türkiye İş Bankası
  • VakıfBank
  • Yapı Kredi Bankası
  • Ziraat Bankası

Debit Cards

  • Akbank
  • Aktif Bank
  • AlBaraka
  • Anadolubank
  • Emlak Katılım Bankası
  • QNB Finansbank
  • Garanti BBVA
  • Halkbank
  • ING
  • Kuveyt Türk
  • PTT Bank
  • Şekerbank
  • TEB
  • Türkiye Finans
  • Türkiye İş Bankası
  • VakıfBank
  • Vakıf Katılım Bankası
  • Yapı Kredi
  • Ziraat Bankası

Prepaid Cards

Prepaid cards work like old prepaid phone cards but function more like debit cards. They are often used as an alternative to virtual cards or by groups with restricted access to banking services, such as minors. Prepaid cards can be used for physical or online shopping, with the latter being the most common use case today.

  • Aktif Bank
  • DenizBank
  • Halkbank
  • Türk Elektronik Para A.Ş.
  • İninal
  • PeP
  • PTT
  • United Payment
  • VakıfBank

For more detailed information, click here.