Tiko Installment Payment Application

Credit card usage is increasing day by day, both in physical stores and online. Frequently preferred as a highly practical and secure payment method, credit cards offer various installment options. This practice, which allows for the payment of high-value purchases over several months, is generally governed by various rules and conditions. The terms and conditions for installment payments may vary from bank to bank. Purchases made in cash with a credit card can be converted into installments before the statement date.

An installment is the name given to each part of a debt that needs to be paid. The logic behind installment purchases with a credit card is that the entire amount is deducted from the limit and paid in installments on a monthly basis. The credit card limit is increased by the amount paid monthly. The concept of installments can be explained with a simple example. Assume that a purchase of 1000 Turkish Lira can be made in 5 installments. In this case, 1000 Turkish Lira is deducted from the card limit at the time of the purchase. Each month, an additional 200 Turkish Lira is added to the credit card limit for each installment payment.

Credit cards, with their installment payment options, have become an advantageous choice for many users. However, there are certain rules governing their use. There are installment limits for high-value purchases such as white goods, furniture, and electronics. The Banking Regulation and Supervision Agency (BDDK) has implemented various regulations regarding credit cards. Accordingly, a maximum of 9 installments is allowed for furniture and white goods purchases.

Credit card purchases often offer interest-free installment options. If the bank doesn't charge any interest on a product or service, you essentially pay the full price. Interest-free sales mean no fees are charged for installment payments when using a credit card. If the buyer chooses to pay in installments with interest, the total amount will likely increase. This interest is calculated taking into account factors such as the number of installments and the interest rate.

Many banks also offer deferred payment services. It's possible to pay off debts in installments after purchasing goods or services, either for a fee or free of charge. Purchases made with a credit card or cash withdrawals can be paid in installments. There are minimum and maximum limits for deferred payment options, and these limits may not be the same for every bank. Furthermore, deferred payment options are not available for payments made after the billing date.

Tiko Installment is an application that eliminates the need for businesses to negotiate separate agreements with each bank and obtain different POS devices for each. Tiko offers modern and technological solutions for both corporate and individual payment receiving and collection processes. Thanks to its new generation payment system, installment payments can be made for all credit cards through a single interface. Moreover, you don't even need to have a POS device at your business. Making installment payments with the Tiko application is extremely simple.

Tiko Installment is a highly advantageous application for both businesses and card users. With Tiko, you can offer installment payments on all bank cards, regardless of whether your business has a POS device or not. All you need to do is apply by phone or through the mobile application. Moreover, the application is designed to cover all cards. This makes installment payment convenience accessible to every business and credit card user.

Tiko offers numerous advantages at all businesses that use its services, from payment convenience to installment options. Tiko Wallet allows you to make payments quickly and securely without needing to carry credit cards or cash, and you can shop in installments at participating stores. With Tiko, you can easily make purchases and earn points by scanning QR codes at member businesses.

To take advantage of installment payment options with Tiko, users only need to follow a few simple steps. If you want to join Tiko's advantageous world, simply do the following:

Tiko Taksit is an application that simplifies payments. Businesses don't need to negotiate separate agreements with banks and maintain dedicated POS devices for each. Tiko Taksit offers various payment options for all bank and credit cards, including international ones.

The Tiko Installment plan is highly profitable for both businesses and users. You can benefit from affordable prices and installment options for car tires, grocery shopping, and many other things. This allows you to make payments more easily by spreading them over installments instead of exceeding your budget with a single lump sum payment.

Figensoft, with its 25 years of experience and expert vision in the field of technology, stands out and has earned the appreciation of both businesses and credit card users with its payment system solutions. Operating since 2019, its Tiko brand opens the doors to a world full of advantages for corporate and individual users. Offering users easy, fast, and contactless payment options, Tiko brings a fresh perspective to payment systems with its special features for businesses.

The Tiko Installment application eliminates businesses' dependence on POS devices. Installment payments can be made using all credit and debit cards, allowing for a much wider customer base. Users who purchase from member stores can simply enjoy the convenience of installment payments. If you would like to learn more about Tiko payment systems, established with the assurance of Figensoft, you can contact our central offices located in Istanbul, Ankara, Izmir, and Aydın.