PayPal Lets Businesses Accept Crypto, Here’s How It Works – PayPal is stepping deeper into the world of digital currency. On Monday, the company announced the launch of “Pay with Crypto,” a new feature that allows businesses to accept payments in over 100 different cryptocurrencies, including Bitcoin and Ethereum.
With this service, shoppers can make purchases using popular crypto wallets like Coinbase and MetaMask. Once a payment is made, PayPal will automatically convert the crypto into fiat currency or stablecoins, streamlining the process for merchants and minimizing volatility risks.
One key part of the rollout is the integration of PayPal USD (PYUSD), the company’s own stablecoin, which is pegged to the U.S. dollar.
According to PayPal, this new payment option is designed to make cross-border transactions easier, lower fees, and boost profit margins for sellers. The platform is offering an introductory transaction fee of just 0.99% until July 31, 2026 — a significant reduction compared to typical credit card fees, which usually fall between 1.5% and 3.5%, based on data from NerdWallet.
“Building on our 25+ years in payments, we now allow users to link their wallet, pay with any token, instantly convert to PYUSD, and deliver USD to merchants within seconds,” said Alex Chriss, PayPal’s president and CEO, in a post on X (formerly Twitter). “The result? Lower fees and faster access to funds for businesses.”
A beta version of “Pay with Crypto” will be available to businesses in the coming weeks, with wider access planned for later in the year, the company confirmed.
Chriss also acknowledged the existing pain points in using cryptocurrencies for everyday transactions — such as high volatility, complicated wallets, and lack of refund options. He noted that the new system helps address these challenges by making crypto payments more reliable and merchant-friendly.
PayPal, used by tens of millions of merchants worldwide, is positioning itself at the forefront of the shift toward mainstream digital payments.
Adding momentum to the move, President Trump recently signed the GENIUS Act into law, the first major federal legislation aimed at regulating the $250 billion stablecoin market. The new law is expected to bring greater stability and trust to crypto-based financial systems, giving services like PayPal’s latest feature a firmer legal foundation.
