PayPal and Venmo are currently facing significant outages that are hindering millions of users from executing transactions. According to Downdetector, a platform that tracks service disruptions, the problems began around 8:00 AM ET.
PayPal boasts approximately 434 million active users globally, while Venmo has about 90 million users in the United States. Many users have taken to Downdetector to report issues such as being unable to access their accounts, transferring funds, or even processing payments. One frustrated PayPal user recounted their experience, stating they sent $200, which was deducted from their account, but the recipient never received it and there was no transaction record. Another user indicated that while they could log in to PayPal, they were unable to make payments.
Additionally, Venmo users have noted complications with receiving direct deposits, impacting many during routine paycheck deliveries. These outages come at a critical time, reminding users of the reliance on digital payment systems for everyday financial responsibilities.
In light of these service interruptions, it highlights the importance of having alternative payment methods available during outages. As users await resolutions, it is hoped that the companies will address the issues swiftly and improve the reliability of their services for the future.