PayPal has rolled out a new feature allowing U.S. businesses to accept payments in over 100 digital assets including bitcoin, ethereum, and more. The service called “Pay with Crypto” makes cross-border payments easier, cheaper, and faster for merchants and consumers.
This is a big move for the company, bringing digital assets into everyday commerce. Merchants can now accept payments in digital assets using popular wallets like Coinbase Wallet, MetaMask, Kraken, Phantom and Exodus.
When customers pay with digital assets, PayPal converts them instantly to its U.S.-dollar-backed stablecoin, PYUSD, or directly to U.S. dollars, so merchants don’t have to deal with the price volatility of bitcoin and other digital assets.
“(Our platform) lets users link their wallet, pay with any token, convert it instantly to PYUSD, and deliver USD to merchants in seconds,” said Alex Chriss, President and CEO of PayPal, in a statement on X. “The result? Merchants pay less in fees and can instantly use funds.”
One of the biggest benefits of Pay with Crypto is the lower fees. The platform is offering a promotional 0.99% fee on digital asset transactions until July 31, 2026.
After that, the fee will be 1.5%, which is still lower than the average U.S. credit card processing fee, which can sometimes be as high as 3.75%.
convert it instantly to PYUSD, and deliver USD to merchants in seconds,”said Alex Chriss, President and CEO of PayPal, in a statement on X. “The result?Merchants pay less in fees and can instantly use funds.”One of the biggest benefits of Pay with Crypto is the lower fees. The platform is offering a promotional 0.99% fee on digital asset transactions until July 31, 2026.After that, the fee will be 1.5%, which is still lower than the average U.S. credit card processing fee, which can sometimes be as high as 3.75%.