EukaPay

EukaPay is a Toronto-based crypto payment infrastructure company that lets merchants accept digital asset payments and receive settlement in fiat currency, without handling wallets, managing private keys, or manually trading cryptocurrency on an exchange. The platform positions itself as a bridge between the traditional commerce stack and the on-chain economy, targeting businesses that want to reach crypto-native customers while keeping their accounting denominated in dollars, euros, or pounds.

Core Mechanism

The central value proposition is instant crypto-to-fiat conversion at a rate locked at the moment of checkout. When a customer initiates a payment -- whether by scanning a QR code, clicking a payment link, or interacting with an embedded checkout -- EukaPay captures the exchange rate immediately and presents the customer with a fixed crypto amount to send. This removes volatility risk for the merchant: the business receives its expected fiat value regardless of price movements during the settlement window. Merchants can also elect to hold their payout in cryptocurrency, or split the settlement between fiat and crypto, giving them flexibility based on their treasury preferences.

Settlement is available in USD, EUR, GBP, and CAD, while crypto payouts can be received in ETH, USDT, or USDC.

Supported Assets

EukaPay accepts Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Solana (SOL), USDC, and USDT. Stablecoins dominate volume on digital-goods checkouts given their price stability. The platform's explicit support for SOL positions it as an accessible on-ramp for Solana's user base, giving merchants a straightforward way to accept payments from wallets holding native SOL or Solana-based stablecoins.

Products and Features

Online Checkout and Payment Links -- Merchants can embed a hosted checkout into any web property or generate shareable payment URLs requiring no coding. This suits one-off and recurring sales flows alike.

Invoicing and Recurring Billing -- A dedicated invoicing module allows businesses to issue crypto invoices and manage subscription payments. The system is designed for service businesses and B2B workflows where recurring billing on standard intervals is required.

API Integration -- EukaPay exposes a RESTful API that mirrors the capabilities available through the dashboard, enabling developers to embed payment flows directly into their own applications. A sandbox environment is provided for testing during onboarding. The API is webhook-driven: delivery triggers fire on payment confirmation rather than order placement, which reduces the risk of fulfillment before a transaction is settled.

POS Terminal -- For in-store merchants, EukaPay operates a point-of-sale solution based on QR code scanning. The system runs on any internet-connected device with a display and integrates with established POS hardware from Clover, PAX, Poynt, and Sunmi. This lets brick-and-mortar retailers extend crypto payment acceptance without replacing existing hardware.

eCommerce Plugins -- Pre-built plugins for WooCommerce and Shopify allow merchants to add crypto checkout to existing storefronts without engineering work.

Mass Payouts -- Businesses that need to disburse cryptocurrency to multiple recipients -- marketplaces distributing earnings to sellers, platforms paying out affiliates -- can use a batch payout module accepting CSV uploads or API calls. This eliminates the need for correspondent banking for cross-border crypto disbursements.

Prepaid Cards -- EukaPay offers prepaid card issuance for cryptocurrency holders, connecting on-chain balances to traditional card-based spending rails.

Target Industries

EukaPay's marketing addresses a range of merchant categories: payment service providers, iGaming operators, forex and CFD trading platforms, online retail, event ticketing, and nonprofits. The platform's transaction finality and chargeback elimination are cited specifically for high-risk merchant categories where credit card fraud is a structural cost.

Regulatory and Compliance Status

EukaPay is registered with FINTRAC, Canada's anti-money laundering and counter-terrorist financing regulator, under registration number M22233887. This registration requires the company to implement AML/KYC procedures and report suspicious transactions. The company also references global regulatory approvals across multiple regions, though the specific jurisdictions are not itemized in public documentation.

No independent smart contract audits or formal security audit reports are disclosed in public materials. This is consistent with EukaPay's architecture as a centralized custodial gateway rather than a non-custodial protocol; the security model rests on the company's own infrastructure controls rather than audited on-chain code.

Team and Background

EukaPay was co-founded in 2021 by Wayne Chen (CEO), Nancy Wu (CSO), and Tomohiro Furuta (CTO). The company is headquartered in Toronto, Ontario, and operates as a remote-first organization. No external funding rounds appear in public records, suggesting the company is bootstrapped or has taken on private investment without a public announcement.

Solana Fit

EukaPay's support for SOL and Solana-based stablecoins (USDC, USDT) makes it a practical merchant-facing acceptance layer for the Solana ecosystem. While native Solana payment protocols like Solana Pay focus on permissionless, non-custodial checkout flows, EukaPay occupies a complementary niche: regulated, compliance-driven infrastructure for businesses that need fiat settlement, tax reporting support, and legal accountability. For merchants that cannot or will not self-custody, EukaPay provides a managed path to accepting Solana assets, helping expand the addressable market of merchants reachable by Solana users.