PayPal Launches Enterprise Crypto Payments: Businesses Can Accept 100+ Digital Currencies

TradingKey - On Monday, global payment leader PayPal(PYPL) announced a new feature allowing business merchants to accept payments in over 100 cryptocurrencies, including Bitcoin, Ethereum, USDT, and USDC.

Under PayPal’s plan, merchants can link their PayPal accounts to crypto wallets via major platforms, including Coinbase, OKX, Phantom, MetaMask, and Exodus. Consumers may select any supported cryptocurrency at checkout, with funds automatically converted in real-time to fiat currency or PayPal’s stablecoin PYUSD for merchant deposits.

PayPal also confirmed that crypto payment transaction fees will be capped at 0.99% until July 31, 2026—significantly below traditional credit card rates of 1.5%–3.5%. Merchants opting to convert funds to PYUSD will also earn approximately a 4% yield on stablecoin balances.

Frank Keller, PayPal’s new General Manager of Large Enterprise and Merchant Solutions, noted that consumer demand for crypto payments is rising faster than expected: “It’s still nascent, but it’s surprising how quickly it’s picking up,” he said. “When PayPal turns it on, it creates trust.”

With 650 million users active in the $3 trillion cryptocurrency market, PayPal aims to help small and medium enterprises access this expanding consumer base.

Following the announcement, PayPal’s U.S. shares rose 0.85% intraday to a high of $79.50. TradingKey data shows Wall Street analysts’ average target price stands at $81.733.

(Source: TradingKey)