**PayPal Launches Bitcoin and Crypto Payment Options for US Merchants**
PayPal has officially introduced a new payment feature that enables small businesses across the United States to accept over 100 cryptocurrencies, including Bitcoin. This initiative, announced today, is available to any merchant utilizing PayPal’s online payment platform.
Merchants will benefit from a promotional transaction fee of just 0.99% for Bitcoin and crypto transactions during the first year. Following this period, the fee will increase to 1.5%. Notably, these rates are lower than the average credit card processing fee of 1.57% reported in 2024 by the Nilson Report.
Alex Chriss, PayPal’s President and CEO, emphasized the challenges businesses face when expanding globally, such as high costs for international payments and complex integrations. He stated, “Today, we’re removing these barriers and helping every business of every size achieve their goals.”
Customers will have the ability to link their existing Bitcoin and crypto wallets at checkout. PayPal will facilitate the conversion of cryptocurrency into its stablecoin, PYUSD, through exchanges like Coinbase or Uniswap. The PYUSD will then be converted into US dollars and transferred to the merchant.
Chriss also highlighted the recent launch of PayPal World, a global partnership that unites five of the largest digital wallets on a single platform, fundamentally transforming the way money is exchanged worldwide. He noted, “By enabling seamless cross-border crypto payments, we’re breaking long-standing barriers in global commerce.”
This latest development marks a significant step in PayPal’s ongoing efforts to expand its presence in the Bitcoin and digital asset space. The company initially allowed users to buy and sell Bitcoin in 2020 and later integrated crypto features into Venmo. After a period of scaling back during the 2022 crypto downturn, PayPal is now re-engaging with the market as it shows signs of recovery, supported by a favorable regulatory environment.
Chriss concluded, “These innovations don’t just simplify payments—they drive merchant growth, expand consumer choice, and reduce costs. This is the future of inclusive, borderless commerce, and we’re proud to lead it.”
**FAQ**
**What cryptocurrencies can US merchants accept through PayPal?**
US merchants can accept over 100 cryptocurrencies, including Bitcoin, through PayPal’s new payment option.