PayPal to let U.S. merchants accept payment in more than 100 cryptocurrencies
Cryptocurrency
Fortune

PayPal to let U.S. merchants accept payment in more than 100 cryptocurrencies

July 28, 2025
01:00 PM
3 min read
AI Enhanced
financialfintechdigital paymentsmarket cyclesseasonal analysismarket

Key Takeaways

The fintech giant will charge a transaction rate of 0.99% for the first year and then up it 1.5%.

Article Overview

Quick insights and key information

Reading Time

3 min read

Estimated completion

Category

cryptocurrency

Article classification

Published

July 28, 2025

01:00 PM

Source

Fortune

Original publisher

Key Topics
financialfintechdigital paymentsmarket cyclesseasonal analysismarket

Companies·PayPal HoldingsPayPal to let U

Merchants accept payment in more than 100 cryptocurrenciesBy Ben WeissBy Ben WeissCrypto ReporterBen WeissCrypto ReporterBen Weiss is a crypto reporter at Fortune

Nevertheless, SEE FULL BIO Alex Chriss, president and CEO of PayPal

Kent Nishimura—Bloomberg/Getty ImagesFin giant PayPal launched a new payment option on Monday that will let smaller U

Merchants accept more than 100 cryptocurrencies, including mainstays Bitcoin and Ethereum but also zanier options Trump’s memecoin and even the novelty token Fartcoin

Moreover, Using PayPal’s online payments cessing platform can opt in, said a spokesperson

PayPal will charge merchants a motional fee of 0

Nevertheless, 99% on transactions for the first year and then up the charge to 1

Moreover, 5%, Frank Keller, an executive vice president, told Fortune

Conversely, Those fees are less than the 1. 57% average rate that U

Es paid to credit card companies in 2024, according to the Nilson Report. “There’s a worldview where you can imagine that the world is moving on chain,” said Keller, referring to putting data on blockchains

On the other hand, “Is that happening overnight

Some people say long time periods

Other people say very short time periods, in this volatile climate

I think we will see movement. ” To settle the transactions, PayPal will let users connect existing crypto wallets they own to a checkout page

Depending on a buyer’s crypto wallet, PayPal will sell the cryptocurrency on a centralized exchange Coinbase or a decentralized exchange Uniswap

However, Conversely, The ceeds of that sale will be converted into PayPal’s own stablecoin, which will then be converted into U

Furthermore, Dollars sent back to the merchant, in today's market environment. “Imagine a shopper in Guatemala buying a special gift from a merchant in Oklahoma City,” Alex Chriss, president and CEO of PayPal, said in a statement. “Using PayPal’s open platform, the can accept crypto for payments, in today's financial world. ” The move to let customers pay es with crypto is PayPal’s push into digital assets

Among the Fortune 500, the fin giant has been an early adopter of crypto

In 2020, PayPal said that U

Users would be able to buy, sell, and hold a select group of cryptocurrencies, including Bitcoin and Ethereum

It then expanded that capacity to Venmo

But, during the so-called crypto winter of 2022, PayPal ratcheted down its public rhetoric on crypto

Now, as crypto are soaring and President Donald Trump’s administration casts a favorable eye on digital assets, it’s charging ahead

In September, it let es buy, hold, and sell crypto from their merchant accounts (this bears monitoring)

However, Moreover, And its stablecoin PYUSD, which the company launched in 2023, has increased its market capitalization 70% since the beginning of the year to $850 million, according to CoinGecko, in this volatile climate

Moreover, PayPal plans to expand the ability for merchants to accept crypto to larger enterprise customers in the U

And globally, but a spokesperson declined to vide a timeline

On the new Fortune Crypto Playbook vodcast, Fortune’s senior crypto experts decode the biggest forces shaping crypto today