PayPal opens doors for U.S. merchants to accept 100 new assets

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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.

This is a developing news. Please refresh for updates. 

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