Overview

• PayPal said a weekend service interruption tied to its fraud controls has been fixed, though the company acknowledged some bank transactions may have failed.
• Several German banks blocked or reversed PayPal-related SEPA direct debits measured in billions of euros after suspicious charges were not properly filtered.
• Helaba chief Thomas Groß said payments are being checked individually to prevent double debits, reflecting a manual cleanup that continues across the system.
• Merchants report significant disruption, with trade group BEVH citing stalled automatic refunds and retailer Otto temporarily suspending PayPal acceptance.
• Germany’s BaFin engaged with Luxembourg’s regulator, which oversees PayPal’s EU base, as cross-border supervisory coordination intensified.