PayPal has launched a new ‘Pay with Crypto’ feature, enabling merchants to accept payments over 100 cryptocurrencies. Once a payment is made, PayPal will automatically convert it into fiat currency or PayPal USD (PYUSD). For context, PYUSD is their own US dollar-backed stablecoin. 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. The company is also encouraging its adoption by offering merchants a 3.7% annual reward for holding PYUSD. At the time of writing, Paypal’s Pay with Crypto feature is currently limited to US-based merchants. Read more in our articles including "PayPal introduces Pay with Crypto feature" and "Banks, e-wallets face new BSP rules on digital payment fees".
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Jun 7, 2026PayPal has launched a new ‘Pay with Crypto’ feature, enabling merchants to accept payments over 100 cryptocurrencies. Once a payment is made, PayPal will automatically convert it into fiat currency or PayPal USD (PYUSD).
For context, PYUSD is their own US dollar-backed stablecoin. 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 PYUSD includes: "PayPal introduces Pay with Crypto feature"; "Banks, e-wallets face new BSP rules on digital payment fees"; "BSP warns of accountability after BPI outage". Each article provides unique insights and information.