PayPal has today announced the launch of Pay with Crypto, a payment solution enabling U.S. merchants to accept over one hundred cryptocurrencies and boost cross-border trade.
Designed to simplify global commerce by linking merchants to a market valued at over three trillion dollars, this offering provides near-instant crypto conversions to PayPal’s stablecoin PYUSD or traditional fiat, significantly reducing transaction costs.
The platform supports seamless payments through integration with popular digital wallets such as Coinbase, MetaMask, Binance, Kraken, Phantom, OKX, and Exodus with more to be added over time. Under a promotional rate until July 31, 2026, merchants pay just 0.99% per transaction, compared to standard international credit card fees of 1.5 to over 3%.
Pay with Crypto also removes barriers for small and medium-sized businesses engaged in international commerce. A buyer in Guatemala, for example, can purchase goods from a merchant in Oklahoma using crypto, with the merchant receiving payment in stable dollars almost instantly. Merchants also earn rewards when holding PYUSD, with current yields around 4%.
The launch closely follows PayPal’s “PayPal World” initiative, which connects PayPal accounts with major digital wallets and fintech platforms across the globe, and expands stablecoin adoption through partnerships such as with Fiserv.
PYUSD, introduced in 2023, operates alongside other leading tokens such as Circle’s USDC. Coinbase recently began waiving fees for PYUSD transactions and enabled direct redemption to U.S. dollars, boosting its utility.
By enabling automatic conversion of crypto payments into PYUSD or fiat, the service shields merchants from crypto’s volatility. Moreover, transaction proceeds are accessible instantly, avoiding the typical one- to three-day settlement delays associated with conventional credit card systems.
PayPal will roll out Pay with Crypto to U.S. businesses in the coming weeks following the July 28, 2025 announcement. While initial access is limited to U.S. merchants, broader availability is expected later this year.
