PayPal opens doors for U.S. merchants to accept 100 new assets originally appeared on TheStreet .
PayPal has added a new payment option to its offering to allow small and medium-sized U.S. merchants to accept a variety of cryptocurrencies, such as Bitcoin, Ethereum, Trump's memecoin (TRUMP) , or Fartcoin for fun.
The tool is available to all merchants using PayPal's online payments platform, the company confirmed on July 28.
According to Fortune , as an incentive for adoption, PayPal will charge a promotional transaction fee of 0.99% for the first year, followed by a transaction fee of 1.5% across all products for subsequent years, the PayPal team stated. This amount will still be below the average credit card fees that U.S. merchants paid in 2024, which were 1.57%, according to the Nilson Report.
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As per Fortune, PayPal said that users will be able to connect and spend from their current crypto wallet to pay on the checkout page. Depending on the wallet, PayPal will swap the cryptocurrency, either via centralized exchanges like Coinbase or decentralized exchanges like Uniswap, then convert that to PayPal's stablecoin, PYUSD, which will then convert to U.S. dollars for the merchant.
"Imagine a shopper in Guatemala buying a special gift from a merchant in Oklahoma City," Alex Chriss, president and CEO of PayPal, said in a statement to Fortune. "Using PayPal's open platform, the business can accept crypto for payments."
The announcement is the latest from PayPal in its digital asset efforts , and it should be noted that PayPal was one of the first Fortune 500 companies to adopt cryptocurrency. PayPal launched its stablecoin, PYUSD, on August 7, 2023—becoming the first major U.S. fintech firm to do so.
PayPal opens doors for U.S. merchants to accept 100 new assets first appeared on TheStreet on Jul 28, 2025
This story was originally reported by TheStreet on Jul 28, 2025, where it first appeared.
