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20h ago

PayPal Rolls Out ‘Pay With Crypto’ for U.S. Businesses

Select merchants will soon be able to accept over 100 cryptocurrencies at a 0.99% introductory fee via automatic conversion into PayPal’s PYUSD stablecoin or U.S. dollars.

Photo: Justin Sullivan (Getty Images)
PayPal unveils ‘pay with crypto,’ slashes cross-border fees by 90%
Paypal, crypto payments, cross-border payments
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Overview

  • The feature connects merchant checkouts to major wallets like Coinbase, MetaMask and OKX to accept tokens including Bitcoin, Ethereum, Solana and XRP.
  • Crypto payments are routed through exchanges or protocols such as Coinbase and Uniswap, converted to PYUSD stablecoin, then settled in U.S. dollars to protect merchants from volatility.
  • Merchants will enjoy a promotional 0.99% transaction fee for the first year, rising to 1.5% afterward, both rates below the average U.S. credit card processing fee.
  • PayPal estimates that using crypto rails can cut cross-border transaction costs by up to 90% and deliver near-instant settlement for international sales.
  • The rollout begins in the coming weeks for a pilot group of U.S. businesses, with plans to expand access to larger enterprises and overseas markets on an unspecified timeline.