PayPal Data Shows Crypto Checkout Acceptance Rising Among US Businesses

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According to a recent survey cited by PayPal, approximately 40% of merchants in the US now accept cryptocurrency for point-of-sale payments. Customer curiosity about such options is a significant catalyst.

The report states that an overwhelming 88% of US merchants have received inquiries from customers about paying with digital currencies. This information comes from an October survey conducted by the National Cryptocurrency Association.

The survey polled 619 decision-makers overseeing payment strategies in multiple industries.

May Zabaneh, PayPal VP and GM, commented on the trend: “Crypto payments are evolving from experimentation into daily commerce. When businesses adopt crypto, they discover real value, responding to consumer desire for faster and more flexible payments.”

Findings also show 84% of merchants believe crypto payments will be mainstream within five years. Proponents argue assets like Bitcoin and Ethereum could see wider payment use, particularly where speed and lower international fees matter, though infrastructure challenges persist for many.