Quick overview

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US retailers accept over 100 cryptocurrencies at the point of sale with the launch of PayPal’s “Pay with Crypto” service

 

Coinbase, MetaMask, Binance, Kraken, Phantom, OKX, and Exodus are all seamlessly integrated with the service. Customers can use well-known tokens such as Bitcoin (BTC), Ethereum (ETH), Tether (USDT), USD Coin (USDC), Solana (SOL), XRP, BNB, and many more to make payments with just a few clicks. PayPal instantly converts transactions into USD when users choose to pay with cryptocurrency, or it can use PYUSD, the company’s in-house stablecoin.

This automatic conversion ensures they receive the full payment amount in a familiar currency, protecting retailers from price fluctuations.

PayPal claims that this integration will give US merchants access to over 650 million cryptocurrency users worldwide, expanding their reach into foreign markets without the high fees and complications often associated with cross-border trade.

PayPal is offering a promotional transaction fee of 0.99% for crypto payments processed through the new service until July 31, 2026. This is much lower than the typical 1.5% to 3.5% fees for credit card and international payment processing.

The standard fee will be 1.5%, and PayPal is providing a 4% annualized yield for merchants who keep their funds in PYUSD instead of converting to U.S. dollars.

These stablecoin rewards offer passive income opportunities and resemble traditional treasury yields, making crypto transactions not only a form of payment but also a strategic financial asset for participating businesses. The launch of “Pay with Crypto” marks a significant step for PayPal to mainstream digital assets. By eliminating common barriers like price volatility, high transaction fees, and delayed settlements, PayPal aims to make digital currencies as easy to use as traditional payment methods.

This move aligns with its broader vision of positioning itself as a leader in the evolving Web3 and digital asset economy. The rollout reflects a growing trend among major fintech and payments companies to bridge the gap between crypto holders and real-world utility.