PayPal now allows US merchants to accept payments in over 100 cryptocurrencies. [Foresight News]

PayPal has unveiled a new functionality that allows merchants in the US to accept payments in more than 100 cryptocurrencies, aiming to enhance international transactions and increase the use of its stablecoin.

The feature, referred to as Pay with Crypto, enables users to make payments using various cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Ripple (XRP), Binance Coin (BNB), Solana, and USD Coin (USDC), among others.

In its press statement, the company indicated that the service will accommodate transactions from multiple wallets, such as Coinbase, Kraken, and MetaMask.

Payments made through this feature will be automatically converted into PayPal's stablecoin PYUSD or traditional fiat currency at the point of sale.

Merchants will incur a transaction fee of 0.99% for these crypto payments, which PayPal claims is significantly lower than standard credit card processing fees.

This new offering is designed to simplify cross-border transactions, which PayPal highlighted as often being costly and complicated for small and medium enterprises.

At present, the feature is exclusively available to US-based merchants, excluding those located in New York.

PayPal president and CEO Alex Chriss said: "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 of every size achieve their goals.

"Imagine a shopper in Guatemala buying a special gift from a merchant in Oklahoma City. Using PayPal's open platform, the business can accept crypto for payments, increase their profit margins, pay lower transaction fees, get near instant access to proceeds, and grow funds stored as PYUSD at 4%.00 when held on PayPal."

"Last week, we launched PayPal World, our global partnership bringing together five of the world's largest digital wallets on a single platform, fundamentally reimagining how money moves around the world. By enabling seamless cross-border crypto payments, we're breaking long-standing barriers in global commerce," Chriss added.

"These innovations don't just simplify payments—they drive merchant growth, expand consumer choice, and reduce costs. This is the future of inclusive, borderless commerce, and we're proud to lead it."

"PayPal introduces cryptocurrency payment feature for US merchants" was originally created and published by <a href="https://www.electronicpaymentsinternational.com/news/paypal-introduces-cryptocurrency-payment-us/">Electronic Payments International</a>, a GlobalData owned brand.

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PayPal introduces cryptocurrency payment feature for US merchants

Payments behemoth PayPal has announced the launch of a new feature that makes it possible for U.S. merchants to accept a slew of cryptocurrencies, including XRP and Solana. The new feature, which has been dubbed "Pay with Crypto," will become available in the coming weeks. PayPal customers will be able to pay with any available cryptocurrency, which will then be automatically converted to PayPal's PYUSD stablecoin and then the U.S. dollar. It will be possible to use Coinbase, MetaMask, Binance, Phantom, Exodus and other wallets while paying with crypto. PayPal has touted such key advantages of the new feature as instant settlements and low fees capped at 0.99%. The fee will then increase to 1.50% after a promotional period that will last a year. U.S. businesses will be able to accept payments from customers all over the globe with minimal friction. PayPal CEO Alex Chriss has noted that international payments are too expensive for U.S. businesses, and PayPal is working to solve this problem. That said, it should be noted that the new feature will not be available in New York from the get-go due to the state's stringent regulatory requirements. PayPal entered into crypto back in 2020, helping to fuel the start of a massive bull run, initially allowing U.S. users to buy several cryptocurrencies. The payments giant launched its own stablecoin in 2023. It currently has a market cap of over $900 million, according to CoinGecko data. As reported by U.Today , PayPal previously allowed merchants to buy, sell and hold digital assets in their business wallets last September. Businesses gained the ability to move their assets on-chain. [U.Today]

XRP and Other Tokens to Be Accepted by US Merchants via PayPal

PayPal has launched a new payment option that will let smaller U.S. merchants accept more than 100 crypto tokens including Bitcoin, Ether and even fartcoin. Plus, this survey says most Americans are still skeptical about crypto. CoinDesk’s Jennifer Sanasie hosts “CoinDesk Daily.”

FARTCOIN

PayPal Makes 100 Crypto Available for U.S. Merchant Payments

On July 28 (UTC+8), according to Fortune magazine, fintech giant PayPal launched a new payment option on Monday that will allow small U.S. businesses to accept payments in over 100 cryptocurrencies, including mainstream cryptocurrencies such as Bitcoin and Ethereum, as well as Trump MEME coins and even spoof tokens like Fartcoin. A spokesperson said that any U.S. business using PayPal's online payment processing platform can opt-in. PayPal Executive Vice President Frank Keller said that PayPal will charge merchants a promotional transaction fee of 0.99% in the first year, after which the fee will increase to 1.50%. To settle transactions, PayPal will allow users to connect their existing cryptocurrency wallets to the checkout page. Depending on the type of crypto wallet the buyer uses, PayPal will sell the cryptocurrency on centralized exchanges such as Coinbase or decentralized exchanges such as Uniswap. The proceeds from the sale will be converted into PayPal's own stablecoin and then into U.S. dollars, which will be returned to the merchant. (Source: Fortune Magazine) [Fortune]

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PayPal to Allow US Small Businesses to Accept Payments in 100+ Cryptocurrencies

PayPal has announced that it will launch the "Pay with Crypto" feature in the United States in the coming weeks, allowing merchants to accept payments in over 100 cryptocurrencies from wallets such as Coinbase and MetaMask, and settle in real-time into stablecoins or fiat currency. [Wu Blockchain]

PayPal launches "Pay with Crypto," supporting U.S. merchants to accept over 100 cryptocurrencies

According to Fortune magazine, financial technology giant PayPal launched a new payment option on Monday, which will allow small US merchants to accept more than 100 cryptocurrency payments, including mainstream cryptocurrencies such as Bitcoin and Ethereum, as well as Trump MEME coins and even spoof tokens Fartcoin. A spokesperson said that any US business using PayPal's online payment processing platform can choose to join. PayPal Executive Vice President Frank Keller said that PayPal will charge merchants a 0.99% transaction promotion fee in the first year, and then increase the fee to 1.50%.
To settle transactions, PayPal will allow users to connect their existing cryptocurrency wallets to the checkout page. Depending on the type of crypto wallet used by the buyer, PayPal will sell cryptocurrencies on centralized exchanges such as Coinbase or decentralized exchanges such as Uniswap. The proceeds from the sale will be converted into PayPal's own stablecoin, and then converted into US dollars and returned to the merchant. [PANews]

PayPal to allow US merchants to accept over 100 cryptocurrencies

According to Fortune, PayPal has announced the launch of a new payment service for small and medium-sized businesses in the United States, supporting acceptance of over 100 cryptocurrencies, including Bitcoin and Ethereum. The service will be offered through PayPal's online payment processing platform, with a transaction fee of 0.99% in the first year, and adjusted to 1.50% from the second year onwards. During the transaction settlement process, users can connect their existing cryptocurrency wallets to the payment page, and the system will convert the cryptocurrency to the stablecoin PYUSD through Binance or a decentralized exchange, and then convert it to USD for payment to the merchant. [ChainCatcher]

PayPal Allows U.S. Merchants to Accept Payments in Over 100 Cryptocurrencies

PayPal allows U.S. merchants to accept payments in over 100 cryptocurrencies. ([Fortune]) [Odaily]

PayPal Allows US Merchants to Accept Payments in Over 100 Cryptocurrencies

On July 28, according to Fortune, PayPal announced the launch of a new payment service for small and medium-sized businesses in the United States, supporting acceptance of over 100 cryptocurrencies, including Bitcoin and Ethereum. The service will be offered through PayPal's online payment processing platform, with a transaction fee of 0.99% in the first year and adjusted to 1.50% from the second year.
During the transaction settlement process, users can connect their existing cryptocurrency wallets to the payment page, and the system will convert the cryptocurrency into PayPal stablecoin PYUSD through Binance or a decentralized exchange, and then convert it into USD for payment to the merchant. [Techflow]

PayPal launches cryptocurrency payment service, supporting US merchants to accept over 100 digital currencies

On July 28, according to Fortune, fintech giant PayPal announced on Monday the launch of a new payment option that allows small and medium-sized businesses in the United States to accept over 100 digital assets, including mainstream cryptocurrencies such as Bitcoin and Ethereum, as well as Trump commemorative coin TRUMP and even FARTCOIN. A company spokesperson said that all U.S. merchants using PayPal's online payment processing platform can enable this feature. PayPal plans to expand its cryptocurrency payment services to large enterprise customers in the United States and globally, but declined to disclose a specific timeline. [BlockBeats]

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PayPal's new feature allows US merchants to accept payments in over 100 cryptocurrencies

On July 28, according to Fortune, fintech giant PayPal announced on Monday the launch of a new payment option that allows small and medium-sized businesses in the United States to accept over 100 digital assets, including mainstream cryptocurrencies such as Bitcoin and Ethereum, as well as Trump's commemorative coin TRUMP and even FARTCOIN. A company spokesperson stated that all U.S. merchants using PayPal's online payment processing platform can enable this feature. PayPal plans to expand its cryptocurrency payment services to large enterprise customers in the United States and globally, but declined to disclose a specific timeline. [BlockBeats]

PayPal Holdings Inc. will soon allow businesses to accept more than one hundred cryptocurrencies at checkout. The option is going live in the coming weeks and will allow merchants to accept crypto such as Bitcoin, Ethereum, Tether’s USDT and Circle’s USDC, from wallets including Coinbase, OKX, Phantom, MetaMask and Exodus. When a consumer pays with crypto, the funds are automatically converted into fiat or PayPal’s PYUSD stablecoin for deposit in the merchant’s account.

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PayPal to Roll Out ‘Pay With Crypto’ Feature for Merchants

PayPal is rolling out a new crypto payment tool that will allow US merchants to receive payments with more than 100 cryptocurrencies.

PayPal launches crypto checkout tool, adds support for over 100 tokens

PayPal现在允许美国商户接受超过100种加密货币的支付。[Foresight News]

PayPal允许美国商户接受超过100种加密货币的支付

PayPal現在允許美國商戶接受超過100種加密貨幣的支付。[Foresight News]