PaybyMe
PaybyMe is a Turkey-based licensed payment institution providing virtual POS, physical POS, mobile operator billing, and subscription management through a single PCI DSS compliant API platform, serving over 30,000 businesses across 40+ countries.
- Company typePrivate
- Founded2010
- HeadquartersIstanbul
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
What PaybyMe does
PaybyMe (legal entity: Klon Ödeme Kuruluşu A.Ş.) is a Turkey-based licensed payment institution founded in 2010 that provides payment processing infrastructure to over 30,000 businesses across more than 40 countries and four continents. The company operates a single-API platform supporting virtual POS (Sanal POS), physical POS (Fiziksel POS with next-generation Android devices), mobile operator billing across 150+ operators, subscription billing (Abonelikler), and specialized vertical solutions including NarPOS for restaurant management and Tahsildar for B2B dealer collection. As a Central Bank of Turkey (TCMB) authorized payment institution with PCI DSS and PCI PA-DSS certification, PaybyMe handles card data security on behalf of merchants, removing the PCI compliance burden from its clients and offering multi-currency acceptance, installment options up to 18 months, and next-day settlement.
The company's revenue model is primarily transaction-based, charging commission rates starting from 1.99% for corporate merchants and 0.80% for entrepreneurs, with no entry, annual, or hidden fees across its acquiring services. PaybyMe distributes through a hybrid go-to-market combining direct enterprise field sales, self-serve online application for SMBs, and API-first product-led integration with e-commerce platforms. The platform incorporates AI-driven features including VPOS acceptance rate optimization and real-time fraud detection. Strategic distribution leverage comes from direct integration agreements with all major Turkish banks and Visa/Mastercard, enabling single-agreement acceptance across all card programs in Turkey.
Ownership of PaybyMe has transitioned multiple times: MOL Global (NASDAQ: MOLG) acquired a partial stake in 2014, Razer Inc. became controlling shareholder through its acquisition of MOL Global in 2018, and in 2019 Emre Gürsoy acquired Razer's stake, with current ownership held 100% by Müjdat Deyiş. Headcount stands at 30+ employees based in the Istanbul headquarters, with an additional branch office at Metropol İstanbul AVM in Ataşehir. The company maintains paid-in capital of 100,000,000 TL and continues active operations without any disclosed venture funding rounds or public listing.
PaybyMe firmographics
Firmographics- Name
- PaybyMe
- Legal name
- Klon Ödeme Kuruluşu Anonim Şirketi
- Website
- https://payby.me
- Company type
- Private
- Founded year
- 2010
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- PaybyMe is a Turkey-based licensed payment institution providing virtual POS, physical POS, mobile operator billing, and subscription management through a single PCI DSS compliant API platform, serving over 30,000 businesses across 40+ countries.
- Ownership category
- akta.pro rank
PaybyMe industry classification
Industry- Product category
- Payment Processing Services
- NAICS
- Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232), Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)
- SIC
- Finance Services (6199), Services-Prepackaged Software (7372)
- akta.pro primary industry
- Merchant Payment Gateways (API/Hosted Checkout) (FSAMACAA)
- akta.pro secondary industries
- Recurring Billing, Subscriptions & Tokenized Payments (CRAFALAH), EMV Chip, Magstripe & PIN Debit Acceptance (FSAMADAG), Embedded Payments (Pay-ins, Pay-outs, Wallets) (FSAGALAB)
Keywords
Where PaybyMe is headquartered
LocationHeadquarters
- HQ city
- Istanbul
Offices2 records
Markets served
PaybyMe business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Infrastructure, Marketing or Sales, Operations, Supply Chain
Revenue model
- Transaction-based Commission (Acquiring Services): Commission-based revenue from processing credit card, debit card, and bank card payments through virtual POS and physical POS terminals. Competitive commission rates starting from 1.99% for corporate and 0.80% for entrepreneurs. No entry fees, annual fees, or hidden charges.
- Mobile Payment Processing: Revenue from mobile operator payment processing across 40+ countries with 150+ operators. Merchants collect payments directly through mobile operators without requiring credit cards.
- Subscription Billing Management: Recurring billing management services for merchants managing subscriptions and recurring payments. Merchants design billing plans and manage subscribers from a single platform.
- Virtual POS Services: Virtual POS infrastructure services including installment options up to 18 months, next-day settlement, card storage with PCI DSS compliance, and single-screen cancellation and refund management.
- Physical POS Device and Processing: Next-generation Android POS device provision with contactless payment, QR code, PIN verification, foreign card acceptance, and detailed reporting. Revenue from transaction processing on physical POS devices.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Corporate Plan - Starting from 1.99% commission rate |
| Transaction based/ take rate | Pay-as-you-go | Entrepreneur Plan - 0.80% commission rate |
Go-to-market motion3 records
Distribution channels5 records
Marketing channels6 records
PaybyMe product offering
Product offeringCore offering
PaybyMe is a payment service provider that enables merchants to accept card payments, mobile operator payments, and alternative payment methods globally through a single API integration. Its core offerings include a virtual POS for online payments, physical POS terminals (Android-based), a subscription billing platform, mobile carrier billing across 40+ countries via 150+ operators, and complementary solutions for dealer collection (Tahsildar) and restaurant operations (NarPOS). All products run on PCI DSS compliant infrastructure with no entry, annual, or hidden fees.
Product overview
PaybyMe is a next-generation payment service provider offering a unified platform with multiple integrated products. The core offerings include Sanal POS (virtual POS for online payments), Fiziksel POS (physical card terminals with Android technology), and Ödeme Çözümleri (comprehensive payment solutions). These are complemented by specialized modules: NarPOS for restaurant and retail inventory/order management, Abonelikler for recurring subscription payments, and Tahsildar for dealer and sub-dealer online collection management. All products share a single API integration and PCI DSS compliant infrastructure, enabling businesses to accept payments across physical, online, and mobile channels.
Differentiator
Problem solved
Functional benefit
Brands
- NarPOS: Restaurant stock, order tracking and POS system for cafe, market, restaurant, hotel, bakery, school, college, hospital, canteen, and bar operations.
- Tahsildar
Products and services
- Sanal POS (Virtual POS) Virtual POS solution enabling online payment acceptance through a secure, fast infrastructure. Supports installment options up to 18 months, next-day fund settlement, PCI DSS compliant card storage, and single-screen cancellation and refund management. Targeted at e-commerce and online merchants.
- Fiziksel POS (Physical POS) Physical POS terminal service providing in-person payment acceptance via credit cards, debit cards, QR codes, PIN verification, and contactless methods. Offers next-generation Android POS devices with multi-currency support and detailed transaction reporting. Targeted at physical retail businesses.
- Ödeme Çözümleri (Payment Solutions) Comprehensive payment solutions platform encompassing mobile payments across 150+ operators in 40 countries, international card processing in local currencies, and alternative payment methods including link-based payments and card storage. Targeted at businesses seeking multi-channel payment acceptance.
- NarPOS Restaurant-focused POS system combining stock management, order tracking, and payment processing. Includes table ordering, inventory reporting, delivery management, receipt generation, and central management for multiple branches. Targeted at cafe, market, restaurant, hotel, pastry shop, school, college, hospital, canteen, and bar operators.
- Abonelikler (Subscriptions) Subscription management solution enabling code-free acceptance of recurring payments. Supports one-time and recurring payment collection with customizable billing plans and subscriber management through a single platform. Targeted at merchants offering subscriptions and recurring billing services.
- Tahsildar Online collection and order management platform for dealers and sub-dealers. Features closed-circuit e-commerce system, dealer collection management, multi-currency support, and integration with various payment providers through a single gateway. Targeted at businesses managing B2B distribution and dealer networks.
Quantifiable outcome
- Serving over 30,000 businesses across 4 continents
- +5 more outcomes
Companies that use PaybyMe
Customer profileNamed customers4 records
Segments6 records
Ideal customer profiles4 records
PaybyMe technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Feature9 records
PaybyMe partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered minor and core.
- IntelminorIn 2012, PaybyMe became the first payment company to use Intel IPT (Intel Identity Protection Technology) feature for secure and fluid payment experiences through collaboration with Intel.
- Visa and MastercardcorePaybyMe accepts all cards with Visa and Mastercard logos worldwide. As an authorized acquirer, PaybyMe provides instant payment acceptance from all Visa and Mastercard branded cards globally.
- Partner Banks (Akbank, Garanti BBVA, İşbank, Yapı Kredi, QNB Finansbank, Halkbank, VakıfBank, Ziraat Bankası, HSBC, TEB, QNB, Ziraat Katılım, Vakıf Katılım)corePaybyMe has agreements with all major Turkish banks, enabling merchants to accept all bank cards through a single agreement at a single rate. Partner banks include Akbank, Garanti BBVA, İşbank, Yapı Kredi, QNB Finansbank, Halkbank, VakıfBank, Ziraat Bankası, HSBC, TEB, QNB, Ziraat Katılım, Vakıf Katılım.
- Card Program Partners (Maximum, World, Advantage, Bonus, paraf, Bankkart, axess, taksitçi card programs)corePaybyMe covers all card program partnerships in Turkey, enabling merchants to offer installment, discount, and point earning options for all card programs including Maximum, World, Advantage, Bonus, paraf, Bankkart, axess, and taksitçi.
Scale indicators6 records
Recent moves6 records
Expansion highlights5 records
PaybyMe competitors and assessment
Company assessmentDirect peers
- iyzico: iyzico is Turkey's leading payment gateway and PaybyMe's most direct domestic competitor, offering virtual POS, physical POS, marketplace payments, and fraud prevention. Both are TCMB-licensed payment institutions serving Turkish merchants with similar commission-based pricing models.
- Param (Craftgate): Param is another major Turkish payment institution licensed by TCMB, providing virtual POS, physical POS, and e-commerce payment solutions directly competing with PaybyMe in the Turkish merchant acquiring market.
- Square (Block): Square provides physical POS terminals, virtual POS, and integrated business software for SMBs globally. PaybyMe's Fiziksel POS and NarPOS offerings overlap directly with Square's hardware-plus-software merchant value proposition.
Broad incumbents
- PayU: PayU is a global payment gateway operating in 50+ markets with strong emerging markets focus, providing merchant acquiring, payment processing, and alternative payment methods directly competing with PaybyMe's international expansion ambitions.
- Stripe: Stripe is a global payment infrastructure platform offering merchant acquiring, virtual POS equivalent (Stripe Checkout), subscription billing, and fraud prevention. It is increasingly expanding into emerging markets where PaybyMe operates.
- Adyen: Adyen is a global payment processor serving large enterprises with unified commerce solutions. While focused on enterprise, its expansion into mid-market and emerging markets increasingly overlaps with PaybyMe's addressable market.
- PayPal (Braintree): PayPal and Braintree offer global payment processing, virtual POS, and multi-currency acceptance competing with PaybyMe's cross-border payment services for online merchants in 40+ countries.
Emerging players
- Mollie: Mollie is a European payment gateway serving SMBs with multi-method payment acceptance through a single API integration. The single-API integration model directly mirrors PaybyMe's core value proposition for merchants.
Others
- BKM (Bankalararası Kart Merkezi): BKM is Turkey's interbank card center providing domestic payment switching infrastructure. PaybyMe relies on BKM-connected bank partnerships for domestic card processing, making BKM a critical ecosystem participant.
- Verifone / PAX Global: Verifone and PAX are global POS terminal manufacturers and payment solution providers. While PaybyMe distributes its own Android POS hardware, these firms represent the broader competitive landscape for physical payment acceptance equipment.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
PaybyMe social profiles
Digital presencePaybyMe compliance and trust
Trust signalCompliance2 records
PaybyMe financial estimates
Financial estimateRevenue estimate
Valuation estimate
PaybyMe leadership team
Management profileNumber of profiles
Profiles3 records
PaybyMe funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
PaybyMe M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about PaybyMe
What does PaybyMe do?
PaybyMe is a payment service provider that enables merchants to accept card payments, mobile operator payments, and alternative payment methods globally through a single API integration. Its core offerings include a virtual POS for online payments, physical POS terminals (Android-based), a subscription billing platform, mobile carrier billing across 40+ countries via 150+ operators, and complementary solutions for dealer collection (Tahsildar) and restaurant operations (NarPOS). All products run on PCI DSS compliant infrastructure with no entry, annual, or hidden fees.
Is PaybyMe a public or private company?
PaybyMe is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was PaybyMe founded?
PaybyMe was founded in 2010. It employs 11 to 50 people.
Where is PaybyMe based?
PaybyMe is headquartered in Istanbul.
How does PaybyMe make money?
Five revenue lines are on record. Transaction-based Commission (Acquiring Services) is the primary driver. The others are mobile Payment Processing, subscription Billing Management, virtual POS Services and physical POS Device and Processing.
Who are PaybyMe's main competitors?
Direct peers on record are iyzico, Param (Craftgate) and Square (Block). Broad incumbents are PayU, Stripe, Adyen and PayPal (Braintree). Mollie is listed as an emerging player. Others are BKM (Bankalararası Kart Merkezi) and Verifone / PAX Global.
Does PaybyMe have an API?
Yes. PaybyMe offers a proprietary API that allows businesses to integrate payment solutions. The API supports multiple payment methods including credit/debit cards, mobile payments, and alternative payment methods. It enables single API integration for accessing traditional and next-generation payment solutions without additional integration work. The platform is PCI DSS compliant and manages all payment processes through one API integration. Developer documentation is at www.payby.me/dokumantasyon.
What industry is PaybyMe in?
PaybyMe's product category is Payment Processing Services. Its primary akta.pro industry code is FSAMACAA, Merchant Payment Gateways (API/Hosted Checkout), with a secondary code of CRAFALAH, Recurring Billing, Subscriptions & Tokenized Payments. Its NAICS code is 52232 and its SIC code is 6199.