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PayPal Launches ‘Pay with Crypto’ to Let U.S. Merchants Accept 100+ Digital Currencies

Customer crypto transactions convert into PYUSD or U.S. dollars at a promotional 0.99% fee to cut cross-border processing costs by up to 90%.

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Alex Chriss, president and CEO of PayPal.
PayPal launches “Pay with Crypto” with support for over 100 cryptocurrencies

Overview

  • PayPal’s Pay with Crypto feature enables U.S. merchants to accept over 100 cryptocurrencies, including Bitcoin, Ethereum, stablecoins and niche memecoins.
  • Transactions draw from customers’ crypto wallets and route sales through centralized exchanges like Coinbase or decentralized platforms such as Uniswap.
  • Payments are converted instantly into PayPal’s PYUSD stablecoin or U.S. dollars before funds reach merchant accounts.
  • Merchants pay a promotional 0.99% transaction fee for the first year, which rises to 1.5% thereafter, compared with average credit card rates around 1.57%.
  • The service rolls out to U.S. merchants in the coming weeks, with plans for wider global availability on a later, unspecified timeline.