EukaPay

EukaPay is a Canadian cryptocurrency payment infrastructure company that enables businesses to accept, send, and exchange digital assets while eliminating the operational complexity typically associated with crypto payments. Founded in 2021 and headquartered in Toronto, the company offers an end-to-end payment stack covering merchant checkout, invoice management, mass payouts, and API-driven integrations under a single platform registered with FINTRAC (Canada's financial intelligence unit) under registration number M22233887.

Core Platform

EukaPay's platform is built around two primary product lines: a payments suite for accepting cryptocurrency from customers, and a payouts product for distributing funds to recipients globally.

The payments suite supports multiple checkout flows. Merchants can embed a checkout button on their websites using pre-built plugins for Shopify and WooCommerce, requiring no custom coding. Alternatively, the REST API supports fully bespoke integrations for businesses that need direct control over the payment experience. Beyond online commerce, EukaPay provides payment links for invoice-based billing, recurring subscription billing, and a physical point-of-sale terminal for in-person transactions.

A defining feature of the checkout flow is exchange rate locking: the fiat equivalent of a transaction is fixed at the moment of payment, protecting both merchant and customer from mid-transaction price moves. Merchants can elect to settle in stablecoins or convert receipts to fiat, with settlement occurring within one business day. The platform operates in a non-custodial model, meaning it does not hold merchant funds.

The payouts product addresses the cross-border distribution problem. Merchants and platforms can send cryptocurrency to multiple recipients simultaneously, either by uploading a CSV file or by automating disbursements through API calls. Recipients can specify their preferred cryptocurrency and network, allowing a single mass payout batch to route different assets to different wallets. The primary payout currencies supported are Ethereum (ETH), Tether (USDT), and USD Coin (USDC).

Supported Networks and Assets

EukaPay currently supports the following cryptocurrencies across multiple networks:

• Bitcoin (BTC) on Mainnet and the Lightning Network
• Ethereum (ETH) on the Ethereum network
• USD Coin (USDC) on Ethereum
• Tether (USDT) on Ethereum and Tron
• Bitcoin Cash (BCH) on its native mainnet
• Litecoin (LTC) on its native network
• Solana (SOL) on the Solana network
• Polygon (MATIC) on Ethereum

Solana is listed as a supported settlement network, with SOL accepted as a payment currency at checkout. The specific cryptocurrencies available to any given merchant depend on the merchant's chosen settlement currency configuration.

Pricing and Fee Structure

EukaPay charges a flat 2% transaction fee with no monthly fees or hidden costs. The company positions this against traditional card payment networks, estimating merchants can reduce payment processing costs by up to 75% compared to credit card interchange and processing fees. Payout fees vary by cryptocurrency and network and are disclosed to the merchant before each payout batch is sent.

Target Markets

The platform is designed for business categories that have historically encountered friction with traditional payment rails:

• iGaming and online gambling operators seeking fast, chargeback-free settlement
• Payment service providers wanting to add crypto rails to their existing infrastructure
• CFD and forex platforms that need efficient digital asset movement
• eCommerce merchants looking to expand payment options
• Event ticketing businesses and charities seeking low-cost collection
• Supply chain operators making cross-border payments to traders and suppliers
• Businesses running affiliate programs or crypto payroll disbursements

Chargeback elimination is central to EukaPay's pitch for fraud-prone merchant categories. Because cryptocurrency transactions are cryptographically final, disputes cannot be reversed against the merchant in the way credit card chargebacks can be. The platform also carries no rolling reserve requirement on payouts, which contrasts with standard practice at many traditional payment processors.

Developer Integration

The API is organized around RESTful principles and supports invoice creation, subscription management, and payout automation. The developer portal at docs.eukapay.com includes a sandbox environment for testing transaction flows without touching live funds, comprehensive endpoint documentation, cURL and Node.js code samples, and a Postman collection. Webhooks provide event-driven notifications, allowing merchants to trigger custom workflows such as fulfilling a digital order the moment a payment is confirmed.

Accounting integrations are available for Xero and QuickBooks, allowing crypto payment data to flow directly into merchant financial systems without manual reconciliation.

Compliance and Security

EukaPay's compliance framework is built around its FINTRAC Money Services Business registration, which subjects the platform to Canadian anti-money laundering and counter-terrorist financing obligations. KYC verification is required as part of merchant onboarding, and real-time fraud detection is applied at the transaction level. Security controls include wallet address whitelisting, two-factor authentication, and configurable staff access roles that limit internal exposure across merchant accounts.

Team

EukaPay was co-founded by Wayne Chen (CEO), Nancy Wu (Chief Strategy Officer), and Tomohiro Furuta (Chief Technology Officer). The company operates as a remote-first organization.