EukaPay vs BitPay: comparing gateways for stablecoins or crypto

BitPay is a widely recognised name in crypto payments. For a business deciding how to accept stablecoins or crypto, that recognition is where the shortlist often starts.

Recognition is not the same as fit. EukaPay competes with BitPay on the merchant layer rather than on the length of the asset list: the products a business uses to get paid, the payouts it sends, and the currencies that reach its bank account. This guide compares the two across products, developer features, settlement and payouts.

EukaPay is a crypto payment gateway that collects stablecoins or crypto from customers and settles to the merchant's own bank account in USD, EUR, GBP, CAD, with a locked exchange rate available on conversion. Invoices, payment links, checkout, subscriptions, a POS terminal and e-commerce plugins all run from one account, and crypto payouts run from the same account.

BitPay settles in a broad range of fiat currencies. Its own support documentation, revised in July 2026, also shows new merchant onboarding paused in the EEA, the United Kingdom and Australia, with onboarding supported in the United States and Canada.

For a business that wants merchant products and crypto payouts from one account, EukaPay is the closer fit. EukaPay prices each merchant on volume, use case and product mix, agreed with the EukaPay team during onboarding.

On the surface the two line up. Both cover invoicing, recurring invoices, hosted checkout, shareable payment links, in-store QR payments, e-commerce plugins and crypto disbursement. What differs is which products a merchant can reach from the dashboard without writing code, and whether the same account also sends payouts.

EukaPay exposes a REST API documented at docs.eukapay.com covering invoices, subscriptions, customers, the payout endpoints and balance transfer, and a sandbox is available for development.

Two BitPay details are worth knowing before you scope an integration. Its authentication uses a per-client token model rather than a simple key, and its own documentation is inconsistent on whether webhook notifications are signed. Confirm which applies to your account before you build the handler.

This is where the two diverge most for a finance team. EukaPay settles to the merchant's own bank account in USD, EUR, GBP, CAD, and the merchant chooses fiat or crypto settlement. A locked exchange rate is available on conversion, so the figure quoted at checkout is the figure that converts.

BitPay publishes per-currency minimums that a balance must reach before a settlement is triggered, and those minimums vary considerably by currency and by payment rail. A business should check the threshold that applies to its own settlement currency before committing.

On the disbursement side, EukaPay sends payouts in USDC, USDT, ETH, BTC across the Ethereum, Tron and Bitcoin networks, with asset and network set per payout, so different recipients in the same run can receive different assets on different networks. Each payout carries its own reference that can be looked up. Because payouts settle on-chain, they are not tied to banking hours or the banking calendar. BitPay offers payouts and payout groups.

BitPay's own jurisdictions article, revised in July 2026, lists new merchant onboarding as paused in the EEA, the United Kingdom and Australia. A business in Dublin, Manchester or Melbourne evaluating BitPay today should confirm current onboarding availability before committing to an integration. EukaPay onboards through signup, verification and legal business information.

Affiliate networks, marketplaces paying sellers, and iGaming operators paying out winnings need collections and disbursements in one place. EukaPay runs mass payouts from a CSV file uploaded in the merchant dashboard, and the Payout API creates payouts programmatically. BitPay offers payouts and payout groups.

EukaPay's subscription product sends invoices on a recurring schedule at intervals from daily to annually, through the dashboard and the API. BitPay's subscriptions resource generates bills on a recurring schedule. Both cover predictable repeat billing, and the deciding factor is usually which merchant products the rest of the business already needs.

Neither platform requires a developer to send a first payment request. EukaPay payment links and invoices are created in the dashboard and sent over any channel, and the POS terminal handles in-person payments. The deciding factor for a single user is which e-commerce platform the store runs on and which products it needs from the dashboard.

Three questions come up before a migration: onboarding, customer impact, and what the integration work actually is.

Withdraw or settle any remaining BitPay balance before the switch. There is no direct gateway-to-gateway transfer of crypto balances anywhere in this category.

What does EukaPay charge to accept stablecoins or crypto?

EukaPay does not publish a public rate card. Pricing is agreed with the EukaPay team based on your business, so

contact the team

for a quote.

Which currencies can EukaPay settle to my bank account?

USD, EUR, GBP, CAD, to your own business bank account. You choose fiat or crypto settlement.

Which assets can my customers pay with?

BTC, ETH, USDT, USDC, BCH, LTC, SOL and Lightning are supported on the pay-in side.

Which assets can EukaPay send in a payout?

USDC, USDT, ETH and BTC, across the Ethereum, Tron and Bitcoin networks. Asset and network are set per payout.

Can EukaPay send mass payouts?

Yes. Upload a recipient list as a CSV file in the merchant dashboard, or create payouts through the

Payout API

.

Do I need a developer to start accepting stablecoins or crypto?

No.

Invoices, payment links and checkout

work from the dashboard, the

POS terminal

handles in-person payments, and the

e-commerce plugins

install into your store. The

API

is there when you want the payment embedded into your own product.

Does EukaPay support recurring billing?

Yes. Subscriptions send invoices on a recurring schedule at intervals from daily to annually, through the dashboard and the API.

How does onboarding work?

Sign up, complete verification, provide your legal business information, then generate an API key. Every merchant goes through a business review.

Create your EukaPay account

and explore the dashboard, or

talk to sales

to scope a specific use case.

Last updated: August 2026. Verify current pricing and feature availability with each provider.