Secure Payment System
Buying and selling used vehicles is now faster, easier and safer with our secure payment system.
You can safely make secure payment operations for buying and selling used cars which is done digitally through our İnternet branch, Albaraka Mobile banking or Albaraka Turk secure payment system website or you can head to our nearest branch. İf you’re not a customer at Albaraka Turk Bank, become a one now.
This service has been developed in cooperation with the Turkish Notaries Union and Albaraka Turk and is offered via our internet branch, Albaraka Mobile, albaraka.com.tr website or branches;
- There’s no physical contact with money.
- The ownership of the vehicle and the paid amount made through our secure payment system transfers at the same time.
- Transactions are done digitally, there’s no need to carry the money.
- Transactions can be done whether its weekdays or weekends. Transactions that overlaps with holidays are carried out through notaries on duty.
There’s no need to be an Albaraka Turk customer in order to use the secure payment system.
Frequently Asked Questions
Who can use the Secure Payment System?
Users who are not our customers can use the secure payment system as well as Albaraka Türk customers.
Which IBAN should money be transferred to in the Secure Payment system?
Account Name: Albaraka Türk Katılım Bankası A.Ş
IBAN: TR340020300000900203002708
Through which channels can I make a Secure Payment transaction?
You can do this via our Corporate Website, Albaraka Türk Branches and Internet Branch.
What types of vehicles can be used with the Secure Payment System?
This system is valid for used vehicles that can be registered by notaries.
Are expenses / commissions paid for transactions?
As transactions fee, a total of 81 TL will be collected for the Notaries Union, and 54 TL for our bank services, the total amount to be paid will be 135 TL. The commission is paid by the buyer.
How long should the registration process take?
After the seller initiates the transaction, it is necessary to register at the notary public until the end of the next business day. If the registration process has not been completed, the application will be automatically canceled by the system and the amount will be refunded to the buyer's account.
When is the vehicle fee transferred to the seller's account?
The vehicle price is transferred to the seller account simultaneously with the completion of the registration at the notary.
How can the process be monitored?
All information regarding the transaction can be monitored through Albaraka Internet Branch and our Corporate Web Site. In addition, at each step of the process, the parties are informed via SMS.
Is it possible to cancel the transaction?
Both parties can cancel the transaction before its registered by the notary.
When will the vehicle cost be refunded to the buyer's account in cases where registration is not made?
After the seller initiates the transaction, it is necessary to register at the notary public until the end of the next business day. If the registration process has not been completed, the application will be automatically canceled by the system and the amount will be refunded to the buyer's account at the same time.
Can I request that the payment for the vehicle I will sell be made to a different person's account?
Buyer and seller can only make transactions on their own behalf and through their own accounts.
I created the application, but I filled the wrong information’s can it be corrected?
It is not possible to edit the information after the application is made. For this, the current application must be canceled and a new transaction must be made.
What is a Reference Number?
The reference number is a 23-digit number consisting of 4-digit bank/institution code - 3-digit secure payment transaction type code - 16-digit reference number issued by the competent authority.