PayPal Launches 'Pay with Crypto' Platform for US Merchants

PayPal has unveiled its new 'Pay with Crypto' platform, revolutionizing the way U.S. merchants accept payments. This platform supports over 100 cryptocurrencies, including popular ones like Bitcoin, Ethereum, USDT, XRP, BNB, Solana, and USDC. One great feature is its seamless integration with widely used crypto wallets such as Coinbase, Binance, Kraken, and MetaMask, making it easier than ever for merchants to receive crypto payments.

Merchants benefit significantly through this platform by enjoying lower transaction fees, nearly instant access to their funds, and the potential to increase profitability. All payment proceeds are automatically converted into PayPal's native stablecoin, PYUSD, which offers an attractive 4% annual yield — turning receiving payments into a growing investment.

For the introductory period, PayPal charges a transaction fee of just 0.99% for the first year, rising to 1.5% thereafter. These rates are notably lower than many international credit card processing fees, presenting a cost-effective option for merchants moving to crypto payments.

This rollout begins over the next several weeks, targeting U.S.-based merchants following the broader launch of 'PayPal World,' a global payment solution aimed at simplifying international transactions.

This move by PayPal underscores a wider trend of U.S. companies advancing rapidly within the digital asset ecosystem, while Europe takes a comparatively slower approach.

For crypto enthusiasts and merchants alike, platforms such as Bitlet.app complement innovations like PayPal's by offering flexible solutions such as Crypto Installment services, allowing users to buy cryptocurrencies now and pay monthly, making crypto investment accessible and manageable.

Keep an eye on PayPal's crypto developments and explore Bitlet.app to enhance your crypto transaction and investment experience.