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Wayne Williams

PayPal glitch triggers chaos as European banks freeze ‘billions’ in transactions

PayPal Europe
PayPal.
  • European banks freeze PayPal transactions after fraud system failure sparks disruption
  • Merchants face delayed payments as billions in PayPal direct debits halted
  • Suspicious surge forces lenders to suspend PayPal activity across Germany and Europe

European banks temporarily froze PayPal transactions worth billions after fraud system failure triggered widespread suspension of direct debits and delayed payments for online merchants and customers.

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