PayPal is taking a major leap in digital finance by enabling merchants—including small businesses—to accept payments in more than 100 cryptocurrencies. Any coin customers pay with will be instantly converted into PYUSD, PayPal’s Paxos-managed stablecoin. This seamless system enables sellers to access digital payment rails without directly managing volatile crypto assets, and it continues PayPal’s push to make stablecoins a core part of its business.
Crypto for Business: Making Global Commerce Simpler, Faster, and Cheaper
“Businesses of all sizes face incredible pressure when growing globally—from increased costs for accepting international payments to complex integrations. Today, we’re removing these barriers and helping every business achieve their goals,” PayPal CEO Alex Chriss said in a statement, underscoring the company’s aim to democratize digital commerce.
This new “Pay with Crypto” feature will soon roll out to U.S. merchants, supporting wallets like Coinbase, OKX, Binance, Kraken, Phantom, MetaMask, and Exodus. Even popular memecoins (such as TRUMP and FARTCOIN) are supported. PayPal will convert each crypto payment via centralized (e.g., Coinbase) or decentralized (e.g., Uniswap) exchanges before delivering settled U.S. dollars directly to the seller.
Transparent Fees, Merchant Yield, and Simple Integration
To incentivize adoption, PayPal will charge a 0.99% transaction fee for the first year (rising to 1.5%), considerably undercutting typical international credit card processing rates. Merchants can choose to hold their proceeds as PYUSD and earn 4% APY when stored on PayPal.
This system means a business in Oklahoma can sell to a shopper in Guatemala, accept crypto with low fees, receive near-instant payouts, and even grow its funds—all without the headaches of traditional banking hurdles or currency exchange.
Stablecoin Strategy: The Rise of PYUSD
With PYUSD—now the 12th-largest stablecoin globally at around $900 million in market cap—PayPal is weaving stablecoins into daily global transactions for both consumers and businesses. Since launching crypto features in 2020 and PYUSD in 2023, PayPal continues to expand its influence in the digital asset sector.
One important note for users: PYUSD is not insured by the FDIC or SIPC and carries the typical risks of other digital assets.
