PayPal has launched a new ‘Pay with Crypto’ feature, enabling merchants to accept payments over 100 cryptocurrencies. It allows customers to pay directly through major crypto wallets like MetaMask, Coinbase, and more. Once a payment is made, PayPal will automatically convert it into fiat currency or PayPal USD (PYUSD). From there, funds are then deposited directly into the merchant’s PayPal account. PayPal will be charging a 0.99% transaction fee for all crypto payments. At the time of writing, Paypal’s Pay with Crypto feature is currently limited to US-based merchants. So my Paypal account was hacked at exactly 10:01am this morning. In the many years that I have been doing online transactions, I've gotten used to frauds and hacks but this one from Paypal (Unauthorized Transaction) is the biggest so far. Read more in our articles including "PayPal introduces Pay with Crypto feature" and "Max Payne coming to Android and iOS this month!".
PayPal has launched a new ‘Pay with Crypto’ feature, enabling merchants to accept payments over 100 cryptocurrencies. It allows customers to pay directly through major crypto wallets like MetaMask, Coinbase, and more.
Once a payment is made, PayPal will automatically convert it into fiat currency or PayPal USD (PYUSD). From there, funds are then deposited directly into the merchant’s PayPal account. PayPal will be charging a 0.99% transaction fee for all crypto payments.
Our coverage of PayPal Pay with Crypto includes: "PayPal introduces Pay with Crypto feature"; "Max Payne coming to Android and iOS this month!"; "Disputing Unauthorized Transactions on Paypal". Each article provides unique insights and information.