PayPal introduces ‘Pay with Crypto’ to let US merchants accept BTC, ETH, XRP, and more for payments

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Key Takeaways

PayPal’s ‘Pay with Crypto’ enables US merchants to accept over 100 crypto assets with instant conversion to stablecoins or fiat.
The service reduces cross-border transaction fees by up to 90% and supports major wallets and cryptocurrencies like BTC, ETH, USDT, XRP, BNB, SOL, and USDC.

PayPal has introduced ‘Pay with Crypto,’ a new checkout option that enables US merchants to accept and send crypto payments. The rollout is planned for the coming weeks and is expected to reduce cross-border transaction fees by up to 90%.

With Pay with Crypto, the payment giant aims to solve two key barriers to global business expansion: high transaction costs and complex payment infrastructure, said PayPal CEO Alex Chriss in a statement.

The solution is aimed at streamlining cross-border commerce, reducing costs, and bridging crypto and fiat economies to unlock global growth opportunities for businesses.

Chriss stated that any business, regardless of size, can now reach a global audience more easily and affordably using PayPal’s crypto-powered tools.

“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%5 when held on PayPal,” he said.

The platform supports major crypto assets including Bitcoin, Ethereum, USDT, XRP, BNB, Solana, and USDC, while integrating with popular wallets such as Coinbase, OKX, Binance, Kraken, Phantom, MetaMask, and Exodus.

The service charges a transaction rate of 0.99% until July 31, 2026, significantly lower than traditional international credit card processing fees. Merchants can also earn 4% rewards when holding PayPal USD (PYUSD) on the platform.

“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.”

The new service is set to open access to a $3 trillion market by enabling instant conversion between crypto, stablecoins, and fiat currencies, connecting merchants to over 650 million crypto users worldwide, the company stated.