US EditionPayPal Glitch Triggers Chaos as European Banks Freeze ‘Billions’ in Transactions
13 Articles
13 Articles
A security margin at the US payment service provider PayPal had led to great uncertainty among German customers at the beginning of the week. The consumer center now demands clarification.
Elon Musk, Peter Thiel and the market power in Germany: The history of the payment service Paypal is at least as quirky as successful. But now a security span is shaking the company. And there are even more problems.
Politicians demand independent alternatives to US payment service providers. Paypal's failure is a warning signal for consumer protection.
After the disruptions of the US payment service Paypal, European alternatives are demanded in politics.
PayPal Says German Payment Disruption Resolved After Banks Halt €10 Billion - FinanceFeeds
PayPal said on Friday it was working to clear up remaining account discrepancies after a widespread outage in Germany led local banks to block billions of euros in transactions, raising concerns about the reliability of one of the country’s most popular payment apps. “We apologise for the inconvenience caused by the current events. Safety remains our top priority,” the U.S.-based company said in an emailed statement, adding that the disruption h…
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