View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
  2. Networks
October 1, 2012

Paypal’s technical glitches delay transactions in UK

Rise in transactions was respoonsible for the delay

By CBR Staff Writer

Global online payment solutions provider PayPal has been experiencing technical glitches in the UK, which led to delay in transactions to customers.

The delay was due to modification of the system to accelerate the process during customers’ transfer of money from their PayPal account into their bank account from three working days to about hours.

The process led to rise in volume of transfers, leading to the rise in the number of transactions requiring security checks that led to delay in transactions.

PayPal spokesman said that the firm had some technical issues which mean more transactions than usual are being reviewed for risk reasons.

"The underlying issues have been resolved and PayPal is working to clear up the problems by the end of the week," spokesman said.

”Although most withdrawals are not subject to review, a minority of customers have been told it may take up to 24 hours for us to review the transactions.”

As per the rules, payment providers have to deliver a given number of transactions for security checks, while the rise in transactions, had overloaded the company’s system became overloaded, leading to the technical problem.

Content from our partners
Rethinking cloud: challenging assumptions, learning lessons
DTX Manchester welcomes leading tech talent from across the region and beyond
The hidden complexities of deploying AI in your business

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how Progressive Media Investments may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.
THANK YOU