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.