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PayPal Reports 39% of U.S. Merchants Now Accept Cryptocurrency Payments

PayPal Reports 39% of U.S. Merchants Now Accept Cryptocurrency Payments

A joint PayPal and NCA survey finds growing U.S. merchant crypto adoption, with large firms leading and strong interest across sectors driven by younger, tech-savvy customers.

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Fact Check
The evidence strongly supports the truthfulness of the statement. The primary source is an official press release from PayPal's corporate newsroom, which directly confirms that a joint survey found 39% of U.S. merchants accept cryptocurrency. This is the most authoritative evidence possible for a claim about a PayPal report. This finding is widely and consistently corroborated by multiple secondary sources from relevant crypto, financial, and retail industry publications. These sources (Bitcoin Magazine, Cointelegraph, Chain Store Age, etc.) all attribute the '39%' or 'nearly 40%' figure to the same PayPal survey. A single source mentions 38%, but this minor discrepancy is likely a reporting error and does not challenge the overwhelming consensus. The one irrelevant source is correctly identified and disregarded. The consistency across multiple, credible sources, anchored by a primary confirmation from PayPal itself, makes the statement highly likely to be true.
Summary

A PayPal and National Cryptocurrency Association survey conducted in October 2025 found that 39% of U.S. merchants now accept cryptocurrency payments, with adoption highest among large companies earning over $500 million annually at 50%, compared to 34% for small businesses and 32% for mid-sized firms. Customer interest is a key driver, as 88% of merchants report receiving inquiries about crypto payments, and 69% see monthly demand. Travel, hospitality, gaming, digital goods, and high-end retail lead sector adoption. For some merchants, crypto accounts for over a quarter of sales, and 72% of crypto-accepting firms saw growth in such payments last year. While 90% of merchants would accept crypto if it were as easy as credit cards, many seek simpler tools and clear regulations to spur wider usage.

Terms & Concepts
  • Cryptocurrency Payments: Transactions in which goods or services are paid for using digital assets such as Bitcoin or other cryptocurrencies.
  • Merchant Adoption: The extent to which businesses integrate and accept new payment technologies or financial instruments.