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Money isn’t just currency - it’s a way to stay connected. Whether you’re helping family back home, supporting friends chasing their dreams, or just sending a surprise for a loved one, Paysend and Visa make it effortless to bridge the distance to Turkey, and transferring to an eligible Visa card via Paysend is one of the easiest ways to send money.<\/p>
Turn moments into memories with Paysend<\/h2>
Transferring money to Turkey shouldn’t feel like a hard task. Paysend helps make it personal, quick and meaningful:<\/p>
Instant joy*:<\/strong> Transfers to Visa cards in Turkey arrive in minutes, so your loved ones can access your support right when they need it.<\/li>
No barriers: <\/strong>All you need is your recipient’s Visa card number - no bank details, no delays, no stress.<\/li>
Transparent fees:<\/strong> No surprises, just a low flat fee that makes every transfer simple and affordable.<\/li>
Everyday ease:<\/strong> Pay bills, cover groceries or fund special celebrations - all from the comfort of your phone.<\/li><\/ul>
*Actual fund availability for all Visa Direct transactions may depend on receiving financial institution, account type, region, compliance processes, along with other factors, as applicable.<\/p>
Celebrating life’s moments, one transfer at a time<\/h2>
Life moves fast in Turkey, and your support keeps it going. Whether it’s helping fund a family wedding, gifting for Bayram or covering education costs, Paysend makes it easy to celebrate life’s special occasions and send money to Turkey, no matter where you are. <\/p>
Sending money to Turkey is easier than ever<\/h2>
Download the Paysend app:<\/strong> Available on iOS, Android, Huawei or through our website.<\/li>
Choose your country: <\/strong>Select Turkey as your destination.<\/li>
Select ‘To bank card’<\/strong> and enter Select to send money in TRY or USD.<\/li>
Enter the recipient’s Visa card number: <\/strong>This is the 16-digit number found on your recipient’s card.<\/li>
Enter their details: <\/strong>You’ll be asked to add their name, and you’ll then need to state the Purpose of Transfer and also your Relationship to Recipient.<\/li>
Choose your amount:<\/strong> Enter the amount you’d like to send, and you’ll see the amount the recipient will receive in your chosen currency.<\/li>
Pick your payment method: <\/strong>Choose between Apple Pay, Google Pay or any other funding option available to you.<\/li>
Confirm the transfer: <\/strong>We’re transparent with our fees, so before you hit ‘Confirm and send’ you’ll see the fee we charge, which is a flat fee of 1 GBP, 1.99 USD, 1.50 EUR - or equivalent currency. Payments to Visa cards are processed almost instantly, so the wait is over before you know it.<\/li><\/ol>
All ArticlesUnderstanding Currencies: 4 Factors That Affect Exchange Rates
Understanding Currencies: 4 Factors That Affect Exchange Rates
2020-12-17
All articles
Personal Finance Tips
Sending money internationally has become an easy, quick and cheap process thanks to online platforms. Often, all users need is a smartphone or computer.
However, behind the scenes there are several factors that affect how much money is received, and much of this has to do with exchange rates.
You may already have a basic understanding of exchange rates, but just in case you don’t, here’s a short and simple definition:
An exchange rate is the difference in value between one currency and another when switching between currencies.
That means, when sending money internationally or switching between currencies to go abroad, you will likely end up with a different amount when you make a transaction.
Check out our currency converter here, then read on to find out some of the factors that affect exchange rates:
1. Inflation
If inflation in one country may be relatively lower than another, people from that country can buy more goods with less money. Lower inflation rates tend to equate to a rise in the value of a country’s currency.
2. Interest rates
If interest rates rise relative to another country, it becomes more attractive to have money in that currency as you may get a better return in that country. Higher interest rates mean that a currency increases in value.
3. Value predictions
If people think that one currency will rise in value in the future, demand for that currency will go up, which will increase the value of the currency now. Increase in demand in a particular currency will cause the value to rise.
4. Relative strength of other currencies
If one currency is doing particularly well, other currencies may drop in value. That means, if you’re sending money from a country that is doing economically well, you’ll get more for your money.
Making the most of money transfers and currency exchange rates
Before you send money or change money to another currency, you may want to check to ensure you are getting a good deal. If not, you could end up spending more than you’d like to, and you and your loved ones won’t get the full benefit of transferring money internationally.
The four factors above should be taken into consideration, but it can sometimes be difficult to stay on top of rate fluctuations. However, if you choose the right provider for your international payments you may save yourself a lot of money with little effort.
Paysendhelps users to make the most out of their money by providing excellent and competitive exchange rates for all customers that send money abroad. We’re experts in what we do, and always try to get you amazing deals on foreign currencies when compared to well-known banks.
Paysend Global Transfers is an international money transfer platform with over 2 million users. Before you send money abroad, click here to check exactly what your recipient will get using Paysend according to the current exchange rates.