PayPal Opens Bitcoin And Crypto Payments to US Merchants
Today, PayPal announced that it will launch a new payment option allowing small US businesses to accept over 100 cryptocurrencies, including bitcoin. The option is available to any US merchant using PayPal’s online payments platform.
Merchants will pay a promotional fee of 0.99 percent per bitcoin and crypto transactions for the first year. After that, the fee will rise to 1.5 percent. Both rates are lower than the 2024 US average credit card processing fee of 1.57 percent, according to the Nilson Report.
“Businesses of all sizes face incredible pressure when growing globally, from increased costs for accepting international payments to complex integrations,” said the president and CEO of PayPal Alex Chriss. “Today, we’re removing these barriers and helping every business of every size achieve their goals.”
Customers can connect their existing bitcoin and crypto wallets at checkout. PayPal will convert the cryptocurrency into its stablecoin PYUSD through an exchange like Coinbase or Uniswap. The PYUSD is then converted into US dollars and sent to the merchant.
“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,” Chriss added. “By enabling seamless cross-border crypto payments, we’re breaking long-standing barriers in global commerce.”
This is PayPal’s latest move to expand into Bitcoin and digital assets. The company first allowed users to buy and sell Bitcoin in 2020, then added crypto features to Venmo. After scaling back during the 2022 crypto winter, PayPal is now moving forward again as crypto markets recover and the Trump administration supports digital assets.
“These innovations don’t just simplify payments—they drive merchant growth, expand consumer choice, and reduce costs,” Chriss continued. “This is the future of inclusive, borderless commerce, and we’re proud to lead it.”
This post PayPal Opens Bitcoin And Crypto Payments to US Merchants first appeared on Bitcoin Magazine and is written by Oscar Zarraga Perez.
Read More[#item_full_content]Bitcoin Magazine
Bitcoin (BTC) has officially entered a new bear market after suffering a steep 50% decline…
On-chain data shows the Bitcoin Realized Loss has spiked to its highest level since November…
Bitcoin Magazine Strategy ($MSTR) Soars 25% as Bitcoin Rebounds Shares of Strategy ($MSTR) surged sharply…
Bitcoin’s market shook hard on a single day of trading, sending prices tumbling to $65,000…
Bitcoin Magazine Michael Saylor Says Strategy ($MSTR) Will Lead Global Bitcoin Effort Against Quantum Threats…
Bitcoin Magazine Bitcoin Price Roars Above $71,000 After Days of Sell-Offs The bitcoin price rebounded…