Do I need to know crypto to use CeyPay?

No. Customers pay in crypto, but you receive rupees directly. No crypto handling, no learning curve.

Is CeyPay legal to use in Sri Lanka?

Yes. You receive LKR through licensed exchange partners. No claims of legal tender and no regulatory friction.

How fast do I get my settlement?

Same-day within 24 hours or next-day depending on your payout schedule.

What fees do merchants pay?

CeyPay offers zero setup fees and a simple, low fee per transaction. No hidden charges.

What currencies can customers pay with?

They can pay using supported crypto assets via our exchange partners. You only receive rupees.

Will this complicate my accounting?

No. You receive LKR and record it like a normal sale. Your accountant can follow regular bookkeeping.

Do customers actually use crypto to pay?

Yes. Customers already use crypto to pay at cafés, hotels, retail stores, and online shops that use CeyPay including W15 collections to WooCommerce merchants, with strong tourist demand. We bring the customers to you.

How hard is it to get started?

Less than 5 minutes to apply. Once approved, we set up your POS or QR and you can start accepting payments immediately.

What support do I get?

You get local support via Ceylon Cash plus a dedicated hotline for settlement or transaction issues.

BlogCompanyFeb 10, 20261 min read

Inside CeyPay's LKR 15 Million Merchant Subsidy Program

Powered by Bybit, the subsidy program removes the last excuse to wait: hardware, onboarding and early transaction costs covered for qualifying Sri Lankan merchants.

Team CeyPay

Inside CeyPay's LKR 15 Million Merchant Subsidy Program

CeyPay has officially launched a LKR 15 million Merchant Subsidy Program, powered by Bybit — a milestone commitment to getting Sri Lankan businesses accepting crypto without upfront cost.

What the subsidy covers

POS hardware for qualifying physical merchants
Zero setup fees and assisted onboarding
Early transaction-cost support while your customers discover crypto checkout

Why it matters

Payment infrastructure only works at scale. Subsidising the first wave of merchants builds the acceptance network that makes crypto payments genuinely useful — for locals holding digital assets and for the tourists who already expect to pay with them.