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.