I think you mean that you want a shortened version of the link for online, but the complete text when the document is printed.
You can't do this (I don't think) through the hyperlink panel. But you could do it with conditional text.
What if the text were in two buttons on top of each other. The top button for the online version set to be non-printable and the second underneath that would be printable?
Of course the top button would need a solid background so this would have to be on a solid color document.
You can create a PDF with 2 different content, one for print, one for screen. You can do it with backgound and watermarks in Acrobat Pro.
Took a moment to do. Conditional text does it perfectly.
Create two conditions. One call hyperlinks. The other called for print.
When you create the hyperlink, make it the short URL. Assign the hyperlinks condition. Then add the long URL and set it for the for print condition.
When the hyperlink condition is visible, the link works. When the for print condition is visible, there is no link. And the text wraps accordingly.
Okay. I thought the goal here was one document but doing it as two document is far better.