Overview

• PayPal says the service interruption has been resolved and promises to fully reimburse legitimate merchant transactions while it reconciles accounts with bank partners.
• German banks blocked SEPA direct debits tied to PayPal in a double‑digit‑billion euro range, with at least one attempted debit exceeding €1 billion and a six‑figure number of entries now under review.
• The German Savings Banks Association expects the backlog to be cleared by mid next week, and Helaba reports payment traffic has been running normally since Tuesday under close monitoring.
• Retailer Otto has temporarily suspended PayPal payments, and the e‑commerce association BEVH says many merchants are still waiting for funds as some reimbursements require manual processing.
• Consumer advocates and politicians urge development of European alternatives such as Wero, and the vzbv demands transparency from PayPal and warns against unjustified fees.