EukaPay vs NOWPayments: what a merchant actually receives in stablecoins or crypto

NOWPayments publishes one of the lowest headline service rates available for a business comparing ways to accept stablecoins or crypto.

A headline rate describes what is deducted, not what arrives. EukaPay competes on the other side of that sentence: which currency reaches the business, in which account, and what the business has to do to get it there. This guide compares the two across products, developer features, fiat settlement and eligibility.

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

NOWPayments has the broadest published asset coverage in this comparison and a wide product surface, and its fiat off-ramp is narrower than its crypto coverage: its own launch post describes EUR over SEPA through a single third-party provider, and its documentation requires converting the balance to USDT on Tron before requesting a fiat withdrawal. Its terms of service also state that services are not rendered to residents or citizens of the European Union, the United Kingdom or the United States of America.

For a business that invoices in USD, EUR, GBP or CAD, banks in one of those currencies, and needs a fiat figure against each sale, EukaPay is built for that flow.

One item deserves checking directly rather than taking from any comparison page, including this one. The current NOWPayments terms of service state that the services are not rendered to residents or citizens of the European Union, the United Kingdom, the United States of America, or any jurisdiction where the use of cryptocurrency services is restricted or prohibited by applicable law.

If your business is established in one of those markets, or your customer base is, read that clause in full and get written clarity from the provider before building against the API. EukaPay settles eligibility with the EukaPay team during onboarding, and every merchant goes through a business review.

Both platforms cover a wide product surface. The differences are in refunds, in-person payments and what happens on the settlement side.

NOWPayments documents a REST API, a test environment and signed webhooks. Two gaps are worth planning around. There is no idempotency key header, and its own integration guide puts the duplicate-handling burden on the merchant, advising developers to check for a duplicate payment ID before creating a transaction. Its published retry behaviour is qualitative rather than a schedule.

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.

This is the section that decides most evaluations. 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.

NOWPayments launched a fiat off-ramp in 2026 and documents it narrowly: EUR over SEPA through a third-party provider, with a published per-transaction maximum. Its integration guide instructs merchants to convert the custody balance to USDT on Tron first, and its terms confirm that fiat withdrawal is available exclusively for USDT TRC20 balances. A business that wants GBP or CAD in its bank account is outside that path.

There is also a network fee question that a headline percentage does not cover. NOWPayments' own fee documentation describes three network fees arising in its non-custodial flow, one paid by the customer and two charged from the deposit, reduced to one when the merchant uses its custody product. A per-transaction network fee does not scale down with order size, so a business taking small orders absorbs proportionally more of it than a business taking large ones.

The NOWPayments terms of service name those three markets as ones where the services are not rendered to residents or citizens. For a business established there, this stops being a feature comparison. EukaPay onboards through signup, verification and legal business information, and settles to the merchant's own bank account in USD, EUR, GBP, CAD.

A company that invoices in pounds, pays its staff in pounds and reports in pounds wants a pound figure against each sale. EukaPay converts at a locked exchange rate and settles to the merchant's own bank account in USD, EUR, GBP, CAD. Reaching GBP through a EUR-only off-ramp means adding a conversion step and a reconciliation record for it.

Some businesses genuinely want the coin. A company that holds a stablecoin treasury and pays suppliers in the same stablecoin has no reason to convert twice, and for that company a low headline rate is a real saving. EukaPay also supports crypto settlement for merchants who choose it.

Network fees attach to the movement of an asset rather than to a percentage of the order. NOWPayments documents three network fees in its non-custodial flow and one under custody. A merchant taking small orders should model the fee per transaction rather than compare headline percentages.

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

Withdraw any remaining balance to a wallet or convert it before the switch. There is no direct provider-to-provider transfer of crypto balances.

Do I receive stablecoins or crypto, or fiat, with EukaPay?

You choose. With fiat settlement, a locked exchange rate is available on conversion and the money reaches your own business bank account. With crypto settlement, you receive the asset.

Which fiat currencies does EukaPay settle in?

USD, EUR, GBP, CAD, to your own business bank account.

What does EukaPay charge?

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.

Do I need a wallet and an exchange account to use EukaPay?

Not for fiat settlement. EukaPay converts and settles to your own business bank account, so turning payments into working capital is not a separate process you have to run.

Which assets can my customers pay with?

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

Can EukaPay also pay people out?

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.

Are payouts limited by banking hours?

Payouts settle on-chain, so they are not tied to banking hours or the banking calendar.

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.