PayPal Unleashes Crypto Checkout in the U.S. — Slashes Global Payment Fees by 90%

San José, CA – July 28, 2025 – In a major win for digital commerce, PayPal has launched a game-changing crypto checkout solution that allows U.S. merchants to accept payments in 100+ cryptocurrencies — and receive instant USD payouts, cutting cross-border transaction fees by up to 90%. This bold move aims to transform how businesses engage with the global economy.

Why This Is Big

• Supports 100+ cryptos including BTC, ETH, USDC, SOL, XRP, and more
• Instant USD settlements — no volatility risk for merchants
• Flat 0.99% transaction fee — up to 10x cheaper than traditional card processors
•  Compatible with major wallets like Coinbase, MetaMask, Binance, OKX, Phantom
•  Merchants earn 4% APY on PYUSD balances inside PayPal

“Crypto just became real for U.S. businesses. We’re not just talking about Web3 anymore — we’re doing it,” said Alex Chriss, PayPal CEO.

Breaking Borders for Merchants

This upgrade means a merchant in Austin can now sell directly to customers in Africa, Asia, or Latin America without worrying about currency conversions, banking delays, or outrageous fees. The crypto payment rail enables instant, low-cost, and global commerce while keeping merchants grounded in U.S. dollars.

The Big Payoff for Sellers

Strategic Implications

This positions PayPal as a Web3 powerhouse among TradFi players. It’s also a huge nod to stablecoins like PYUSD, which provide yield, liquidity, and on-chain usability. Merchants no longer need to choose between crypto innovation and financial stability—they get both.

Rollout Timeline

• July 28, 2025: Launch announcement
• August 2025: Beta available to select merchants
• End of 2025: Nationwide rollout across PayPal’s merchant network