Documentation Index
Fetch the complete documentation index at: https://docs.orkesta.com.tr/llms.txt
Use this file to discover all available pages before exploring further.
Orkesta supports multiple payment methods. The right choice depends on speed requirements, counterparty capabilities, and currency. Use the tabs below to explore each method.
Methods
Bank transfer
Card payments
Virtual accounts
EFT / Wire
Direct debit
Bank transfer is the standard method for domestic and cross-border payments between bank accounts.How it worksOrkesta submits the transfer instruction to the payment network on your behalf. Funds move from the from_account to the to_account via the local clearing system (for domestic TRY transfers) or SWIFT (for cross-border transfers).Settlement time1–3 business days, depending on the destination bank and country.Best for
- Large-value vendor and supplier payments
- Cross-border corporate transfers
- Payroll disbursements
Supported currenciesTRY (domestic), USD, EUR, GBP (cross-border, on request). Card payments let you charge credit and debit cards — including Visa, Mastercard, and Troy — through the Orkesta payment gateway.How it worksOrkesta authorizes the card in real time and captures the funds. Authorized amounts are typically settled to your account within one business day.Settlement timeAuthorization is near-instant. Settlement to your account takes 1 business day.Best for
- Recurring supplier charges
- Self-service supplier portals
- One-time purchases where the payer holds a card
Supported currenciesTRY, USD, EUR. Virtual accounts are dynamically generated account numbers you issue to payers. Each virtual account maps to a specific payer, so inbound payments are automatically identified and reconciled without manual matching.How it worksYou create a virtual account via the dashboard or API. Orkesta returns a unique IBAN or account number you share with the payer. When the payer sends funds to that number, Orkesta links the incoming transaction directly to the payer record.Settlement timeFunds appear when the bank confirms the inbound transfer — typically same day for domestic TRY.Best for
- Collecting payments from many counterparties
- Automating reconciliation for high-volume receivables
- Removing manual reference-matching errors
Supported currenciesTRY. EFT (Electronic Funds Transfer) is the domestic same-day transfer system for TRY transactions in Turkey. Wire refers to the equivalent SWIFT-based international instruction.How it worksOrkesta submits the EFT instruction to the interbank clearing system. For domestic TRY, funds reach the destination bank the same business day if submitted before the cut-off time (typically 17:00 local time). Wire instructions follow SWIFT messaging and are subject to correspondent bank timelines.Settlement timeSame business day for domestic TRY EFT (before cut-off). 1–3 business days for international wire.Best for
- Urgent domestic TRY payments
- Time-sensitive supplier or tax payments
- Regulated payments requiring same-day settlement
Supported currenciesTRY (EFT), USD / EUR / GBP (wire, on request). Direct debit is a pull-based collection method. You initiate a debit from a payer’s bank account rather than asking them to push funds to you.How it worksBefore you can debit a payer, the payer must sign a mandate authorizing Orkesta to pull funds from their account. Once the mandate is active, you initiate collection requests via the dashboard or API. The payer’s bank validates the mandate and releases funds.Settlement time2–3 business days after the collection request is submitted.Best for
- Subscription and recurring billing
- Membership fee collection
- Regular installment collections
Supported currenciesTRY. Currency support
Orkesta natively supports TRY for all payment methods. USD, EUR, and GBP are available for bank transfer and wire on request.
Currency conversion is applied at the interbank mid-rate at the time of processing, plus a conversion fee. Contact your account manager for the current fee schedule.
Method availability
Not all payment methods are available on every plan. Bank transfer and EFT are included on all plans. Card payments, virtual accounts, and direct debit may require plan upgrades or additional compliance steps. Contact your account manager to enable additional methods.
