PayPal Launches Crypto Checkout for Businesses, Supports Over 100 Tokens

PayPal is rolling out a new feature that will enable businesses to accept customer payments in more than 100 cryptocurrencies, including Bitcoin, Ethereum, Solana, and others. The system, called Pay with Crypto, is designed to bridge the gap between decentralized currencies and mainstream commerce by letting customers pay in crypto and merchants receive the value instantly in U.S. dollars or stablecoins.

The company made the announcement on Monday, positioning the service as a step toward making digital assets usable in day-to-day business transactions without exposing merchants to volatility.

How the Checkout Process Works

Under the new system, consumers will be able to pay with their preferred cryptocurrency at checkout using major crypto wallets such as Coinbase Wallet and MetaMask. Once the transaction is complete, PayPal will automatically convert the crypto into fiat currency or PYUSD, the company’s U.S. dollar-backed stablecoin.

This instant conversion means that merchants never have to handle or store volatile crypto assets. Instead, they receive the value in USD, which settles in seconds, according to PayPal. The new functionality will be integrated into PayPal’s global merchant infrastructure.

Fee Discounts Until Mid-2026

To encourage adoption, PayPal is offering a promotional 0.99% transaction fee for all crypto payments processed through the platform. That’s significantly below the average credit card processing fee of 1.5% to 3.5%, making the service especially appealing for international transactions, where fees tend to be even higher.

This discounted rate will remain in effect until July 31, 2026, after which a revised fee structure will apply.

PayPal CEO: Crypto Payments Without Complexity

PayPal CEO Alex Chriss described the launch as a continuation of the company’s long-standing mission to simplify payments. In a statement posted to X (formerly Twitter), Chriss wrote:

“Building on our 25+ years in payments, we let users link their wallet, pay with any token, convert it instantly to PYUSD, and deliver USD to merchants in seconds. The result? Merchants pay less in fees and can instantly use funds.”

Chriss also noted that the service was designed to overcome some of crypto’s most common drawbacks, including high volatility, complicated interfaces, and the lack of mechanisms for refunds or dispute resolution.

Gradual Rollout, Beta Version Opens Soon

According to PayPal, the service will be made available to businesses in phases. A beta version will launch in the coming weeks, allowing early adopters to test the functionality and provide feedback. Broader access will follow later in the year.

The company says the rollout will focus initially on regions with strong crypto infrastructure and compatible regulatory environments.

Linking With U.S. Crypto Policy Milestones

The timing of PayPal’s new crypto integration comes just days after President Trump signed the GENIUS Act into law. The legislation—considered the first comprehensive regulatory framework for the U.S. stablecoin market—marks a pivotal moment for digital currencies in the United States.

With an estimated $250 billion stablecoin market now falling under federal oversight, the move opens the door for large-scale financial institutions and fintech firms like PayPal to expand crypto-based services with regulatory clarity.

Strategic Use of PYUSD

PayPal’s PYUSD stablecoin, issued by Paxos Trust and backed 1:1 by U.S. dollars, plays a key role in the company’s new offering. By converting customer crypto payments into PYUSD and then settling to USD, PayPal minimizes exposure to volatility and ensures compliance with emerging U.S. stablecoin laws.

PYUSD was launched in 2023 but has gained limited traction until now. The new merchant system gives the stablecoin a more central role in PayPal’s long-term blockchain strategy.

Millions of Merchants May Benefit

PayPal serves tens of millions of merchants globally, and the addition of crypto payments could significantly expand its capabilities in the cross-border commerce space. The simplified process allows merchants to bypass traditional foreign exchange and card processing hurdles—potentially improving profit margins and speeding up settlement times.

The GENIUS Act gives companies like PayPal a legal foundation to expand crypto payment tools with clearer regulatory backing. By integrating support for over 100 cryptocurrencies, PayPal is aligning its business with newly established federal rules governing stablecoins.

Also Read: PayPal Launches Dollar-Pegged Stablecoin: Seamless Payments in the Crypto Sector