The service features a flat transaction fee of just 0.99%, notably undercutting typical cross-border credit card charges. This initiative expands digital currency utility from consumers to businesses, solidifying PayPal's ambition to position crypto as a mainstream payment solution.
Seamless Fiat Conversion and Competitive Yield
All cryptocurrency payments are instantly converted into fiat or stablecoins at the merchant’s preference, with the option to settle directly in PYUSD. PayPal also offers a competitive 4% annual yield on PYUSD balances, providing a tangible incentive for merchants to leverage the stablecoin within their cash flow strategies.
Targeting Small Businesses and Expanding Wallet Integrations
This expansion is particularly aimed at small and medium-sized enterprises. As Jose Fernandez da Ponte, PayPal’s VP of Blockchain and Digital Currencies, highlighted in 2024, business owners increasingly want access to the same crypto opportunities as consumers. Since 2024, US business accounts have been able to buy, hold, transfer, and sell crypto through PayPal—mirroring retail functionality first rolled out in 2020.
What’s new now is direct crypto acceptance at checkout, moving beyond just wallet functionality. Merchants can accept over 100 digital assets, supported by integrations with leading wallets and exchanges such as MetaMask, Kraken, Binance, and Coinbase.
CEO Schulman: Crypto as the Future of Finance
CEO Daniel Schulman has long regarded cryptocurrency as a foundational technology for the future of finance. “Crypto will reshape a significant part of the financial world,” he declared as early as 2022. With each product iteration, PayPal is actively building toward that vision—bringing digital assets into everyday business, one step at a time.