EukaPay is a Canadian crypto payment solution designed for businesses looking to accept cryptocurrency payments effortlessly. As someone who has been deeply involved in Canada’s crypto landscape since 2016, I can confidently say that EukaPay simplifies the process by allowing businesses to accept a variety of cryptocurrencies and receive payments directly to their bank accounts in the fiat currency of their choice.
With a competitive 2% transaction fee, EukaPay is not only an affordable alternative to many credit card transactions but also a practical option for businesses to retain more of their profits.
What is EukaPay?
Currently, over 300 million cryptocurrency users worldwide reflect a substantial surge in global demand for digital assets.
EukaPay envisions a future where cryptocurrencies seamlessly coexist with traditional local currencies, a transition likely to accelerate as more countries legalize crypto use.
As an all-in-one digital currency payment processor, EukaPay combines robust features like accounting and analytics, enabling merchants to generate invoices, accept crypto payments, and track transactions in real time. It also provides the flexibility to receive payments in dollars or stablecoins, catering to diverse financial needs.
For Canadian businesses, EukaPay simplifies accepting cryptocurrencies while ensuring payouts in Canadian dollars. This helps address challenges such as currency volatility, financial and tax reporting, and the high costs of maintaining secure infrastructure.
Integrating EukaPay into a website is straightforward, allowing customers to pay with crypto effortlessly. Transactions are confirmed instantly, with funds settled at the end of each business day. The exchange rate is locked at the point of sale, ensuring transparency, while the finality of crypto transactions eliminates the risk of chargebacks.
Eukapay Major Features
EukaPay offers a range of features that make it an ideal solution for businesses and merchants seeking to accept crypto payments.
Its flexibility stands out: you can create invoices to email clients, add a “pay with crypto” button to your website’s checkout page, or accept crypto payments in person with a terminal at your physical location.
To protect both you and your customers from volatility, crypto payments are converted to dollars or stablecoins at the time of sale, ensuring a seamless transaction process.
For those looking to buy crypto, EukaPay provides an on-and-off ramp solution. You can use Interac e-Transfer to purchase select cryptocurrencies, with the added benefit of a non-custodial system—crypto is sent directly to your wallet rather than being held for you.
Additionally, if you’re interested in buying or selling large amounts of crypto, EukaPay’s OTC Desk offers personalized quotes with the best exchange rates.
Additional Features
EukaPay makes it simple to manage your finances by allowing you to export crypto transactions to Xero or QuickBooks. You can also integrate crypto payments directly into Xero invoices for seamless invoicing and accounting.
To help new customers discover your business, EukaPay offers a dedicated map where you can list your business details and location. Similar to Google Maps, this feature highlights businesses that accept crypto payments, making it easier for customers to find and support your business.
Supported Cryptocurrencies and Networks For Accepting Crypto Payments With Eukapay
Customers can pay with the following cryptocurrencies:
|
Name |
Symbol |
Network |
|
BTC |
Mainnet |
|
|
Ethereum |
||
|
USD Coin |
USDC |
Ethereum |
|
USDT |
Ethereum |
|
|
Tether |
USDT |
Tron |
|
Bitcoin Cash |
BCH |
Mainnet |
|
LTC |
Litecoin |
|
|
SOL |
Solana |
|
|
MATIC |
Ethereum |
EukaPay simplifies crypto payments by converting cryptocurrency into Canadian dollars at the point of sale and depositing the funds directly into your bank account. This ensures that customers pay the exact amount they expect, and you’re protected from market volatility if crypto prices drop before the payment clears.
To secure competitive exchange rates, EukaPay aggregates rates from multiple exchanges and selects the best one available. Customers have a 20-minute window to complete their checkout before the exchange rate updates.
If you’d rather receive payments in stablecoins instead of Canadian dollars, EukaPay offers that option as well. Stablecoins provide protection against volatility and can be exchanged for crypto or dollars later as needed.
For those who prefer to receive payments directly in cryptocurrency, EukaPay also supports a selection of cryptos sent to your wallet. However, keep in mind the potential risk of value fluctuations with this option.
How to Receive Crypto Payments with EukaPay
EukaPay offers multiple ways to accept cryptocurrency payments, including at retail points of service. With just a smartphone or tablet, you can use the EukaPay app to streamline the process. Simply connect your bank account, generate a QR code through the app, and let customers scan it to complete their payments effortlessly.
Invoicing
EukaPay makes it easy to send customized invoices with just a few clicks. Customers can send crypto to the payment address included on the invoice, and you’ll receive the payment in dollars. To add a professional and personal touch, invoices can be customized with your own branding and logo.
Online payments
When shopping online, your customers can complete their checkout as usual but will have the option to pay with crypto alongside traditional methods like credit or debit cards. To pay, they simply send cryptocurrency from their wallet to the address displayed on the checkout page.
Custom payments
EukaPay also allows you to create custom payment options tailored to your customers’ needs, perfect for one-off services or fees. You can email a link to a dedicated payment page or send the payment request as a PDF. For added convenience, these custom payment templates can be saved in your dashboard, making them easily reusable whenever needed.
Eukapay’s User Experience and Integration
Integrating EukaPay into your website is simple. From your EukaPay dashboard, you can access templates to create a custom checkout button, which can be easily embedded on your website to enable seamless crypto payments for your customers.
Alternatively, you can integrate EukaPay into your website using its API, with all the necessary code provided in the setup information.
Additionally, EukaPay offers templates to create a crypto payment option for events, which can be embedded into your website just as easily.
EukaPay features a user-friendly dashboard that provides a comprehensive overview of your transactions, payments received, and bank payouts. The dashboard also includes settings for adding your branding, adjusting security preferences, creating and managing templates, assigning user roles, and accessing support documentation—all in one convenient place.
The dashboard is easy to navigate and help is only one click away with 24/7 support.
Transaction Speed and Security
With EukaPay, transactions are instant, much like payments made with credit or debit cards. This ensures payment guarantees for merchants, as funds are converted to dollars or stablecoins at the point of sale and deposited directly into your bank account. Additionally, all crypto sales are final, eliminating the risk of chargebacks.
EukaPay also prioritizes security for receiving crypto payments. Features like wallet address whitelisting, two-factor authentication, and customizable roles and access privileges for staff members provide robust protection for your business.
Eukapay’s Customer Support
EukaPay offers 24/7 support, available 365 days a year, to assist you whenever needed. Simply fill out the contact form on their website, and the support team will respond promptly. However, it’s worth noting that there are currently no reviews on Trustpilot for EukaPay, so the quality of their customer service remains uncertain.
Fees and Pricing
With EukaPay there is a 2% transaction fee. There are no monthly fees or hidden costs.
Regulatory Compliance
EukaPay is an excellent choice for Canadian businesses, as it is fully compliant with Canadian regulations and laws. Designed specifically for Canadians, it ensures adherence to all necessary standards for safe and secure crypto transactions.
As a crypto payment processor, EukaPay does not store your funds. Payments are converted, and you’ll receive dollars in your bank account within one business day or stablecoins directly in your wallet if you prefer.
Conclusion
If you’re considering integrating cryptocurrency payments into your business, EukaPay is a fantastic option. Tailored for Canadian businesses, it allows you to receive Canadian dollars directly in your bank account daily, protecting you from market volatility. Its range of easy-to-set-up payment integrations makes it suitable for businesses of all types. Given the cautious stance of Canadian banks toward crypto, EukaPay stands out as an ideal solution.
With a low 2% transaction fee, crypto payments are more affordable to process than credit card payments. Additionally, since all crypto payments are final, you won’t need to worry about chargebacks.
As cryptocurrency gains popularity, offering it as a payment option can attract loyal customers who value the convenience and security of paying with crypto, giving your business a competitive edge.
