PayPal Unveils Crypto Payment Service to Cut Cross-Border Fees by 90%

PayPal has launched a new service, Pay with Crypto, aimed at reducing the high costs and complexity of cross-border payments for merchants.

The solution integrates cryptocurrency transactions, digital wallet support, and fiat settlement, offering businesses a streamlined way to accept global payments with significantly lower fees.

According to PayPal, the service supports more than 100 cryptocurrencies and wallets including Coinbase, MetaMask, Binance, and Phantom, enabling instant crypto-to-stablecoin or fiat conversion. With a transaction rate of 0.99%, Pay with Crypto reduces international payment processing costs by up to 90% compared to traditional credit card networks.

The company said U.S. merchants will be the first to access the new feature in the coming weeks. The launch connects sellers to a global crypto user base exceeding 650 million and opens access to the $3+ trillion digital asset market. Supported coins include BTC, ETH, USDT, XRP, BNB, Solana, and USDC, among others.

PayPal also highlighted additional benefits for merchants, including the ability to store funds in its PYUSD stablecoin and earn up to 4% yield. The system is designed to give businesses near-instant access to proceeds, eliminate multi-day settlement delays, and support fast payouts to vendors and freelancers.

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The rollout aligns with PayPal’s broader push to integrate digital assets into mainstream commerce. The company recently partnered with Fiserv to drive global adoption of stablecoins and unveiled PayPal World, a platform combining five of the world’s largest digital wallets for seamless international transactions.

PayPal emphasized that Pay with Crypto is part of a long-term strategy to make payments more inclusive, efficient, and borderless—addressing the key pain points that have long limited global merchant expansion.

Kosta Gushterov

Kosta has been working in the crypto industry for over 4 years. He strives to present different perspectives on a given topic and enjoys the sector for its transparency and dynamism. In his work, he focuses on balanced coverage of events and developments in the crypto space, providing information to his readers from a neutral perspective.