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Checking out with crypto is a taxable transaction. Fees and exchange rates will apply. Buying and selling cryptocurrency is subject to a number of risks and PayPal does not make any recommendations. Consult your tax advisor. Merchants are paid in fiat currency.
1 Paying friends back, or chipping in requires that you have an account with PayPal. A recipient will need to create an account with PayPal to receive money, if they don't already have one. An account with PayPal is required to send and receive money.
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