BVNK is one of the most visible names in stablecoin infrastructure, and Mastercard completed its acquisition of the company on 3 August 2026. For a business working out how to accept stablecoins or crypto, that visibility puts BVNK on the shortlist.

The two products sit in different layers. EukaPay is a crypto payment gateway with merchant products a business uses directly. BVNK builds stablecoin rails and wallets that fintechs, financial institutions and marketplaces embed into their own products. This guide compares the two across products, developer features, settlement and onboarding.

EukaPay 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 run from one account, and crypto payouts run from the same account.

BVNK's product lines cover sending payouts, receiving stablecoin payments, storing balances in fiat and stablecoin wallets and virtual accounts, converting between them, and issuing cards against stablecoin balances. Its public product pages do not advertise invoicing, subscriptions, a POS terminal or e-commerce plugins, and its documented first step to getting started is contacting an account manager rather than signing up.

For a business that needs to send an invoice or take a card-free payment on its website this month, EukaPay is the product that does that job. BVNK is the right layer for a fintech building its own payment product on stablecoin rails.

The gap here is not quality, it is intended consumer. EukaPay's products are aimed at the business that gets paid. BVNK's are aimed at the platform that serves businesses that get paid.

BVNK's API is the core of what it sells, and it is documented in depth.

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

EukaPay settles to the merchant's own bank account in USD, EUR, GBP, CAD, and the merchant chooses fiat or crypto settlement. On the disbursement side, payouts are sent in USDC, USDT, ETH, BTC across the Ethereum, Tron and Bitcoin networks, with asset and network set per payout. Because payouts settle on-chain, they are not tied to banking hours or the banking calendar.

BVNK's published currency reference lists USD, EUR and GBP for fiat deposits and payouts. A business banking in Canadian dollars will not find CAD on BVNK's published list.

EukaPay prices each merchant on volume, use case and product mix, agreed with the EukaPay team during onboarding.

EukaPay invoices and payment links are created in the merchant dashboard and sent over any channel, and the POS terminal handles in-person payments. BVNK does not advertise an invoicing product on its own product pages. If sending an invoice is the job, that difference decides it.

A platform that intends to build its own merchant-facing surface wants rails, wallets, virtual accounts and card issuing, and BVNK is built for exactly that. EukaPay also serves this shape of customer through its

white-label path for payment service providers

, which lets a provider offer crypto acceptance to its own merchants under its own brand. The evaluation comes down to whether you also want the merchant products in the box.

CAD is on EukaPay's settlement list. It is not on BVNK's published currency reference, which lists USD, EUR and GBP. For a Canadian business that wants funds in its own bank account in its own currency, that is a short conversation.

Mastercard announced the acquisition in March 2026 and completed it on 3 August 2026. BVNK has said existing customers continue with the same team and the same integrations, and the strategic framing from both companies centres on financial institutions, fintechs and cross-border business payments. What that means for a small merchant's roadmap is not something either company has stated publicly.

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

Move any remaining BVNK wallet balance out before the switch. There is no direct provider-to-provider transfer of crypto balances.

Is there a minimum size of business EukaPay works with?

EukaPay does not publish a volume requirement for onboarding. Every merchant goes through verification and a business review, and pricing is agreed with the EukaPay team, so

contact the team

to discuss your flow.

What does EukaPay charge?

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

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.

Can I accept payments without building an integration?

Yes.

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.

Does EukaPay support mass payouts?

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

Payout API

in USDC, USDT, ETH, BTC.

Can a payment service provider offer EukaPay under its own brand?

Yes. EukaPay supports a

white-label path for payment service providers

who want to offer crypto acceptance to their own merchants.

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.