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Honest comparison · 2026

Paybyrd vs Eupago

Eupago ships Multibanco and MB WAY well. It doesn't ship approval-rate routing, and its card rates blow out on non-EEA volume.

Savings vs Eupago
€7,590 / yr
at €1M annual volume · blended mix
Cost reduction
41.8%
lower processing cost
Approval lift
+4–7%
vs benchmark · multi-acquiring
Migration
14 days
typical · parallel-processed
Book a 30-min demo Run your real numbers
Rates at a glance

The numbers, side by side.

Blended rates against a typical EU merchant card mix (85% EEA consumer, 10% non-EEA, 5% business). Published pricing as of April 2026.

P
Paybyrd
Online cards
1.25% + €0.08
APMs
€0.2
Card-present
0.5%
Chargeback fee
€7.5
Monthly minimum
None
E
Eupago
Online cards
1.65% + €0.2
APMs
1.1% + €0.14
Card-present
1.65%
Chargeback fee
€10
Monthly minimum
None

Rates are blended against a typical EU merchant mix (85% EEA consumer, 10% non-EEA, 5% business). Headline rates in Eupago's own published materials don't include the non-EEA and business-card surcharges that apply to most real merchant volume. These numbers do.

Where Eupago still wins

We won't pretend Eupago is all bad.

Eupago has a real business and serious strengths. Here's the honest list, so you can weigh it against what Paybyrd changes.

✓ Eupago is strong at
  • Solid Multibanco + MB WAY native integration with the SIBS rails.
  • Familiar Portuguese brand, many SMB e-commerce merchants use it as a default.
  • Simple flat-fee APM pricing at low volume.
→ Where Paybyrd wins
  • Online card rate blends to 1.65% + €0.20 on a typical EU mix (after non-EEA +1% + business +1% surcharges). Paybyrd is 1.25% + €0.08 — that's 0.40% lower PLUS €0.12 lower on every single transaction.
  • Eupago's blended APM rate is 1.10% + €0.14 (Multibanco 60% / MB WAY 40%). Paybyrd Multibanco starts at just €0.20 fixed, MB WAY from 0.70% — same SIBS rails, significantly better blended outcome.
  • No card-present rate published — Eupago card-present merchants pay the online rate. Paybyrd card-present from 0.50% with terminals from €199 (rent or buy), OTA updates, offline store-and-forward buffering 500+ transactions.
  • 4–7% approval-rate lift via multi-acquiring routing. Eupago runs single-path — when the issuer soft-declines, the sale is gone. Paybyrd retries across acquirers in under 200ms.
  • Paybyrd Antifraud: 47ms p95 decisions, 55+ signals per transaction (10 IP + 45 device + behavioral biometrics + shadow-mode rollout). −16.8% chargebacks average. Eupago offers only basic rule-based screening.
  • InstaTax tax-free refunds built into every Paybyrd terminal — detects eligible tourist cards in <200ms, offers refund on-screen, pays you a daily revenue share. +50% merchant revenue vs other tax-refund platforms. 24h activation, zero staff training.
  • 99.999% uptime SLA with contractual credits (10% / 25% / 50% tiers). Named TAM + Slack SRE channel on Custom plans. Engineer-led support, not a ticket queue. Eupago publishes no comparable SLA.
  • Per-outlet / per-channel / per-SKU / per-currency reconciliation in the dashboard. Anomaly alerts before your reports notice. Eupago's dashboard is a daily total and little else.
  • 192+ currencies, 40+ countries, 20+ EU-native methods (iDEAL, Bancontact, Klarna, Floa, Apple Pay, Google Pay, Revolut Pay) — for any PT merchant with cross-border exposure.
  • Acquirer-agnostic: keep your existing SIBS / Unicre contracts and add Paybyrd orchestration on top. Or flip to Paybyrd acquiring in 90+ markets when ready. No bridge-burning.
How the switch works

14 days from contract to live traffic.

We don't ask you to flip a switch. Parallel-processing means you compare diff reports against your incumbent before committing. Rollback is always one config flag away.

  1. Phase 1 · Week 1–2
    Sandbox + integrations

    Your integrations team pairs with ours. Paybyrd sandbox certified. Existing card tokens, recurring IDs, and APM references mapped 1:1 on our side so no customer re-auth is needed.

  2. Phase 2 · Week 3–3
    Parallel processing

    Paybyrd handles 5–20% of live traffic while Eupago processes the rest. You compare approval rates, cost per transaction, and reconciliation against your incumbent in real time.

  3. Phase 3 · Week 3+
    Graduated cutover

    You hold the rollback switch. Scale Paybyrd traffic at whatever pace you're comfortable with — 50%, 80%, 100%. Most merchants finish cutover within 14 business days of contract sign.

Common questions

About switching from Eupago.

We use Eupago for Multibanco + MB WAY. Does Paybyrd support both natively?
Yes — both Multibanco and MB WAY are first-class at Paybyrd with the same SIBS rails Eupago uses. MB WAY from 0.70%, Multibanco from €0.20 fixed. Your existing payment references stay valid; we map them 1:1 on our side during migration.
What's the saving for a typical Portuguese e-commerce merchant at €500K / year?
Blended savings on the same card + APM mix land around €3,800-€5,200 per year in direct fee reduction before the approval-rate lift. On tourist-heavy Lisbon / Algarve profiles with >20% non-EEA cards, savings can cross €8,000 thanks to the routing that avoids Eupago's non-EEA surcharge stack.
How does Paybyrd's Multibanco reference generation differ?
Same underlying SIBS rails, same reference format, same customer-facing experience. What changes is the reporting: Paybyrd's dashboard shows Multibanco references alongside card and international-method volume in a single reconciliation view. One daily payout, one invoice per month, all channels reconciled together.
Can I keep using Eupago for some methods and Paybyrd for others during transition?
Yes — Paybyrd runs in parallel with any existing PSP during migration. Most Portuguese merchants start with us handling card + international methods while keeping Eupago on MB WAY / Multibanco, then migrate the APM rails once the card-path diff reports show parity.
Can I keep my existing acquirer contracts?
Yes. Paybyrd is acquirer-agnostic — keep your negotiated rates and in-flight volume commitments. We orchestrate on top. If you later choose to consolidate, we can act as your acquirer across 90+ markets, but it's a separate decision on a separate contract.

30 minutes with a payment engineer,
your numbers, no slides.

Bring your most recent Eupago statement. We'll benchmark your actual approval rate against Paybyrd's multi-acquiring routing (typical lift: 4–7% on EU card volume), and map the migration path.

Book a 30-min demo Or run your numbers first