EukaPay vs CoinsPaid: comparing gateways for stablecoins or crypto in 2026

August 20, 2026

EukaPay vs CoinsPaid: comparing gateways for stablecoins or crypto in 2026

CoinsPaid has a long track record in iGaming payments, and its merchant gateway won Best Gateway at the GamingTECH CEE Awards in 2026. For an operator working out how to accept stablecoins or crypto, it has been a default name on the shortlist for years.

Anyone comparing the two in 2026 needs one piece of context before the feature tables. The company published a statement on 30 June 2026 saying it does not onboard new clients or enter into new client agreements. This guide covers what that means, then compares the two across products, developer features and settlement.

Quick verdict

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 in USDC, USDT, ETH, BTC run from the same account. EukaPay onboards new merchants through signup, verification and legal business information.

CoinsPaid, whose merchant gateway now trades as CryptoProcessing by Coinspaid, has deep iGaming experience, a documented API with a sandbox, and mass payouts by CSV and API. Its own published position is that it is not taking on new clients while its Estonian authorisation is under review.

For a business that needs a gateway it can start using now, EukaPay is the one of the two that is open to new merchants.

Availability comes first

On 30 June 2026 CryptoProcessing by Coinspaid, operated by Dream Finance OÜ, published an update on its MiCA licensing application in Estonia. Two passages matter to anyone evaluating it.

On authorisation, the company wrote that it has applied to the Estonian Financial Supervision and Resolution Authority for authorisation as a crypto-asset service provider under the Markets in Crypto-Assets Regulation, that the application remains under review, and that no licensing decision has been issued.

On activity, the company wrote that it has restricted its active activities pending the outcome of its licence application, and accordingly does not onboard new clients, open new accounts, enter into new client agreements, expand the scope of services provided to existing clients, or actively market regulated services to clients in the European Economic Area or elsewhere. It also stated that it continues to support its existing clients, and that existing clients may request the withdrawal or transfer of their assets, or terminate their contractual relationship, at any time.

Separately, its legal hub states that Dream Finance UAB in Lithuania has temporarily suspended the provision of all crypto-asset related services, including onboarding, execution of transactions and conclusion of new agreements.

Read as a whole, that is a company serving its existing book and not adding to it, not a company that has ceased operating. If you are already processing through it, see the section on migration below. If you are not, the comparison below is useful mainly for judging what to look for in a replacement.

Payment products

Both platforms cover the core merchant surface. The gaps are in recurring billing and plugin coverage.

Product

EukaPay

CryptoProcessing by Coinspaid

Invoicing

Yes

Yes

Subscriptions as a product

Yes, invoices on a schedule from daily to annually

Not published beyond recurring invoices

Hosted checkout

Yes

Yes

Payment links

Yes

Yes

POS and in-store

Yes, a POS terminal

Yes, terminal and QR

E-commerce plugins

Yes

Yes, major platforms

Crypto mass payouts

Yes, CSV upload in the dashboard

Yes, CSV and API

Payout API

Yes

Yes

Currency conversion

Locked exchange rate available on conversion

Yes, swap between crypto and fiat in the merchant account

White label

Yes, for payment service providers

Checkout only

Platform and developer features

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

Feature

EukaPay

CryptoProcessing by Coinspaid

REST API

Yes

Yes

Test environment

Yes

Yes

Idempotency on POST

Yes

No idempotency key header; a unique foreign ID rejects duplicates

Customer records

Yes

End-user reference and email fields rather than a stored customer object

Onboarding route

Self-serve signup, then verification

Sales-led, with account activation by invitation email

Rate lock on checkout

Locked exchange rate available on conversion

Up to one hour once the customer proceeds to payment

Settlement and assets

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

On the CryptoProcessing side there is a gap between the marketing pages and the documentation that is worth knowing about. Its stablecoin page advertises conversion into more than 40 fiat currencies including USD, EUR and GBP. Its developer documentation lists EUR as its supported fiat and states that the other currency codes cannot be withdrawn directly to a bank account. When a provider's docs and its marketing disagree, the docs are the safer planning assumption.

Its asset list is also narrower than the headline suggests, and one omission stands out for a merchant taking stablecoin volume: USDT is not named anywhere on either of its domains. Its published stablecoins are USDC, USDG, EURC and EURS.

Item

EukaPay

CryptoProcessing by Coinspaid

Fiat settlement currencies

USD, EUR, GBP, CAD

EUR per its documentation; more than 40 claimed on its marketing pages

Settlement destination

The merchant's own bank account

Bank account via SEPA or SWIFT, or crypto to a wallet

Published pay-in assets

BTC, ETH, USDT, USDC, BCH, LTC, SOL and Lightning

Major assets across supported networks

USDT

Yes

Not named on either of its domains

Lightning

Yes

Not listed

Payout assets

USDC, USDT, ETH, BTC

Across its supported networks

Open to new merchants

Yes

No, per its 30 June 2026 statement

Where the differences actually matter

For an operator already processing through CoinsPaid

The company states that existing clients continue to be supported and may request withdrawal or transfer of assets, or terminate, at any time. That gives you time to plan rather than react, and it also means the decision is yours to make on your own schedule. The practical steps are covered in the migration guide linked at the end of this piece.

For an iGaming operator choosing a new gateway

iGaming is a EukaPay use case, with

payment acceptance and payouts for gaming operators

covering deposits in stablecoins or crypto and payouts to players from the same account. Payouts are sent in USDC, USDT, ETH, BTC across the Ethereum, Tron and Bitcoin networks, and because they settle on-chain they are not tied to banking hours or the banking calendar.

For a merchant that needs USDT

USDT is a large share of stablecoin payment volume, and it is not named anywhere on the CryptoProcessing domains. EukaPay accepts USDT on the pay-in side and sends it on the payout side. If your customers pay in USDT, confirm support explicitly with any provider rather than reading it into a headline asset count.

For a business banking outside the euro

The CryptoProcessing documentation lists EUR as its only supported fiat for withdrawal to a bank account. EukaPay settles to the merchant's own bank account in USD, EUR, GBP, CAD. For a business banking in dollars, pounds or Canadian dollars, that is the difference between settlement and an extra conversion step.

Moving from CoinsPaid to EukaPay

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

  • Onboarding:

    sign up on the EukaPay dashboard, complete verification, provide legal business information, then generate an API key. A sandbox environment is available for development.

  • Customer experience:

    customers pay through a hosted EukaPay checkout and can pay in BTC, ETH, USDT, USDC, BCH, LTC, SOL and Lightning. A locked exchange rate is available on conversion.

  • Integration work:

    point payment creation at the EukaPay invoice or checkout endpoint, move the payout run onto the Payout API or CSV upload, and rebuild the webhook handler. The endpoints are documented at docs.eukapay.com, and the sandbox environment is available to run the new integration before production traffic moves.

Withdraw or transfer any remaining balance before you close the old account. There is no direct provider-to-provider transfer of crypto balances.

Frequently asked questions

Is EukaPay taking on new merchants?

Yes. Onboarding runs through signup, verification and legal business information, then API key generation, and every merchant goes through a business review.

Contact the team

to discuss your use case.

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.

Does EukaPay accept USDT?

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

What does EukaPay charge?

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

Does EukaPay work with iGaming operators?

Yes.

Payment acceptance and payouts for gaming operators

covers player deposits and payouts from one account.

Can EukaPay handle player or affiliate 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.

Is there a test environment?

Yes. A sandbox environment is available for development, and the endpoints are documented at

docs.eukapay.com

.

How long does onboarding take?

Signup is not instant. Verification and a business review come first, and legal business information is required.

Related articles

Get started with EukaPay

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, availability and feature coverage with each provider.