PayPal Enables U.S. Merchants to Accept Over 100 Cryptocurrencies Through 'Pay with Crypto'
— PayPal’s 'Pay with Crypto' unlocks seamless crypto payments for U.S. merchants with instant USD/PYUSD settlement and up to 4% yield on PYUSD.
PayPal has launched a groundbreaking new service—“Pay with Crypto”—enabling U.S. merchants to accept payments in over 100 different cryptocurrencies. Supported coins include major assets like Bitcoin (BTC), Ethereum (ETH), USDC, USDT, XRP, BNB, and Solana.
Consumers can pay via widely used crypto wallets including Coinbase, MetaMask, Binance, Kraken, Phantom, OKX, and Exodus. Once a transaction is made, payments are instantly converted into either U.S. dollars or PayPal’s own dollar-backed stablecoin, PYUSD, protecting merchants from crypto market volatility.
Key Merchant Benefits
- Low transaction fees: An introductory rate of 0.99% per transaction applies through July 31, 2026, after which the standard fee will rise to approximately 1.5%—still significantly cheaper than most cross-border credit card processing rates.
- Instant settlement: Payments are rapidly converted into USD or PYUSD, enabling quick access to funds.
- Yield potential: Merchants choosing to retain balances in PYUSD can earn an estimated 4% annualized yield on their funds held in PayPal accounts.
Strategic Implications
This move places PayPal at the forefront of bridging traditional financial systems with decentralized finance. With the global crypto market valued at an estimated $3 to $4 trillion, and a user base exceeding 650 million people, “Pay with Crypto” opens vast new revenue and reach opportunities for both PayPal and its merchant partners.
The service is set to roll out in the coming weeks to eligible U.S. merchants, with broader availability anticipated later in the year.
Quick Recap
- New feature: “Pay with Crypto”
- Eligibility: U.S. merchants
- Supported currencies: 100+ including BTC, ETH, USDT, USDC
- Compatible wallets: Coinbase, MetaMask, Binance, Kraken, Phantom, OKX, and more
- Settlement: Instant USD or PYUSD conversion
- Fees: 0.99% promo rate until mid-2026, then ~1.5%
- Interest on PYUSD: Up to 4% annually
- Strategic goal: Expand crypto commerce access and reduce global transaction costs
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