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PayPal Rolls Out Pay With Crypto for U.S. Merchants to Slash Cross-Border Fees

It automatically converts payments from over 100 cryptocurrencies into PYUSD before settling in dollars at a promotional 0.99% rate to cut cross-border costs by up to 90%.

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 is now live for U.S. merchants, linking checkout systems to over 100 cryptocurrencies through wallets like Coinbase, MetaMask, OKX, Phantom and Exodus.
  • Crypto proceeds are instantly converted into PayPal’s PYUSD stablecoin and then into U.S. dollars so merchants receive stable, predictable payouts.
  • Merchants will pay a promotional 0.99% fee on crypto transactions for the first year, rising to 1.5% after the introductory period.
  • PayPal estimates the new flow can reduce international transaction expenses by as much as 90% compared with traditional credit card and banking fees.
  • Following the U.S. rollout, PayPal plans to extend Pay With Crypto to large enterprises and introduce the service in international markets.