PayPal down: Thousands of customers report brief outage

Published On Nov 21, 2024, 7:37 AM

PayPal experienced a worldwide outage affecting its services, including account withdrawals and express checkout, but resolved the issue quickly. Users reported problems logging in and making payments, with over seven thousand reports filed. Despite the technical issue, PayPal remains a significant player in the financial sector with 432 million active accounts as of September 30.

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While the outage was brief and quickly resolved, it highlights potential vulnerabilities in PayPal's technology infrastructure. However, given the company's robust user base and strong position in the market, the long-term outlook remains positive.

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