Archetyp Links

Light Mode

Article Details

Security systems failed: PayPal: German banks stop payments in billions

Published on August 27, 2025

A spokeswoman for PayPal confirms the "Süddeutsche Zeitung" on request that there were problems. Millions of data from PayPal customers have just been offered on the Darknet.Now one of the largest online payment services threatens another disaster.Because the security system apparently failed at the US group, many banks stopped PayPal direct debits in billions. According to reports from the "Süddeutsche Zeitung" (SZ), security systems have apparently failed at the US payment service provider PayPal to filter out fraudulent payments.According to SZ information, banks have therefore stopped direct debits in the double-digit billion dollar area. Accordingly, the frozen amount adds up to more than ten billion euros.The Bayerische Landesbank alone is said to have blocked around four billion euros.DZ Bank and other money houses also stopped PayPal transactions.Dealers have to wait for their money.Customers keep the funds on their accounts for the time being. Significant effects on payment transactions across Europe As reported, among other things, the German Sparkassen and Girover Association (DGSV) has already occurred in the past few days by unauthorized direct debits from PayPal to various credit institutions.These incidents had a significant impact on payment transactions across Europe and especially in Germany.Last Monday, this was also felt for a few hours for customers of the Sparkassen-Finanzgruppe institutes. PayPal has granted the disorders in business and assures that the problem has now been resolved.The payment transactions of and to PayPal have been on the part of the Sparkassen-Finanzgruppe since Tuesday morning, but is still under observation.The supervisory authorities are also informed about the incidents. A spokeswoman for PayPal confirms the SZ on request that there were problems: "PayPal had a temporary service interruption that affects certain transactions of our bank partners and possibly their customers. We quickly identified the cause and work closely with our banking partners to ensure that all accounts have been updated." Note on the PayPal aid page On the help page of PayPal, the note is currently emblazoned on a red background: "At the weekend there was a temporary interruption that led to transactions for a small number of accounts. In the meantime, the problem has been resolved." The DGSV emphasizes that any disorders that can occur after the incidents are not the area of ​​responsibility of the Sparkassen-Finanzgruppe.Nevertheless, the institutes of the Sparkassen-Finanzgruppe are working hard to support PayPal in eliminating and dealing with the cases.Affected customers can contact PayPal directly to clarify the known communication channels. Just last week, 15 million data from PayPal customers appeared on the Darknet.Among other things, the data should receive email addresses and passwords.So far, it remains unclear whether the data is real. PayPal is the most popular way to pay online in Germany.According to the EHI Retail Institute based in Cologne, PayPal has a market share of 28.5 percent in online payments in Germany.More than 30 million Germans use the payment service from the USA.