Freelancers and small-scale exports while a service like PayPal is not yet available in Turkey, Alternatives like Wise and TransferGo was oriented. But this week, sad news came from both platforms for Turkey.

UK-based TransferGo, in its statement in Turkish, stressing that current events and financial markets are instability He announced that he has stopped all transfers from Turkey.

TransferGo’s statement saying transactions from Turkey have been halted:

“Financial markets are showing instability due to current events in Turkey. This poses a risk to our customers and to us when transferring money.

It is one of our company policies not to take risks with our clients’ money, so we have to be careful. As a result, we had to stop all transfers from Turkey.

We are closely monitoring the situation, as soon as the environment is stable, we will start money transfers from Turkey again.”

On the Wise side, things are a bit complicated:

Wise shared that he has made a change to the platform that affects users residing in Turkey due to local regulations. In the declaration, foreign currencies can no longer be kept in the accounts, Foreign currency cannot be traded. reported.

In other words, users would only be able to trade in Turkish Lira (TRY). Change, from July 4 would be valid.

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In addition, some users stopped converting their account balances to TRY or another currency. Wise says in conversion paths “The exchange rate is currently very volatile, so we cannot guarantee the rate. We use the live rate when your money reaches us.“warned.

Another statement from Wise on May 4:

“We have closed TL payments for maintenance, but we are working to get it up and running again as soon as possible. It is still possible to send money from Turkey if you pay in EUR or USD. In addition, you can still send TL transfers to Turkey from your foreign currency account.”

Following this confusion in Wise, a new statement was shared on May 5:

Wise began to include a new statement by updating his July 4 blog post about the changes. The statement used the following statements:

Latest situation at Wise:

Wire transfers from Wise in Turkish Lira are still not possible. Wire transfers are requested in USD or EUR.

We will report developments as they occur.