PayPal recently had a global outage on Thursday, and it disrupted services for nearly 2 hours, affecting thousands of users worldwide.
Quite a few services were impacted, and this includes Venmo, cryptocurrency transactions, and online checkouts. Platforms such as Coinbase and Kraken, which depend on PayPal for transactions, also faced delays.
On Downdetector, more than 9,000 complaints were logged, with users reporting failed payments and login difficulties.
The timing of the outage coincided with a drastic rise in Bitcoin prices, which went above about £77,842. This caused increased activity in cryptocurrency trading, amplifying the impact of the disruption on PayPal users.
The Public’s Response PayPal’s Outage
Many PayPal users were frustrated during the outage, with social media platforms like X flooded with complaints. Screenshots of error messages and login issues were shared, as users struggled to access their accounts.
Venmo and PayPal’s cryptocurrency services were also affected, causing delays for users managing digital assets. With over 432 million active accounts as of September, the disruption was felt across a broad range of individual and business users.
As much as the outage didn’t last long, the inconvenience shows how many people rely on digital payment systems in daily life. For many, the interruption caused delays in transactions and trading activities, especially in the active cryptocurrency market.
How Will Mollie’s Partnership with PayPal Change Marketplaces?
In other news, Mollie, one of Europe’s fastest-growing financial service providers, has partnered with PayPal to make payment processes simpler for marketplace platforms. This partnership allows marketplaces to use PayPal without needing additional integrations or onboarding sellers again.
Mollie Connect handles the technical aspects of payment management, helping businesses save on operational costs.
Mollie also supports payment options like credit and debit cards, digital wallets, and Buy Now Pay Later. It is the only provider that accepts gift cards at multi-seller checkouts to help marketplaces create new revenue streams. Platforms like fonQ have already benefitted, calling Mollie Connect easier to integrate than other solutions.
10 Alternatives To Paypal
These alternatives are also useful when it comes to digital wallets and making payments online…
1. Optty
Optty simplifies global payment systems with a single integration that connects businesses to over 120 payment methods in 140 countries. The platform incorporates digital wallets, cryptocurrencies, buy-now-pay-later services, and more, making transactions more accessible for both merchants and customers.
Businesses can activate payment solutions quickly, eliminating common technical obstacles. Optty also integrates tools such as fraud prevention and transaction optimisation to improve payment security and efficiency. Its white-label feature enables businesses to customise the system while keeping their branding intact.
2. Noda
Noda connects businesses directly to banks for faster and more reliable transactions, bypassing intermediaries and cutting unnecessary fees. Its real-time payment capabilities reduce delays and eliminate chargebacks, creating a more efficient system for handling funds.
The platform integrates user-friendly features such as QR codes, customised payment links, and email requests, for an intuitive process for businesses and customers alike. With connections to over 500 banks and growing, Noda provides businesses with access to an extensive financial network. Noda’s built-in analytics help companies refine payment processes, making transactions smooth and accessible across various industries.
3. Paddle
Paddle simplifies billing for SaaS companies by managing payments, subscriptions, and taxes in one centralised system. Acting as the merchant of record, it handles the complexities of global sales, enabling businesses to operate across borders with less hassle.
The platform offers subscription flexibility, a seamless checkout process, and tools to reduce failed payments. Developers benefit from an API that allows for customisation to fit unique requirements.
4. AltPay
AltPay helps with managing finances across borders. Users can rely on virtual and physical Visa debit cards, along with support for over 40 currencies, to handle daily transactions or international payments. The platform prioritises simplicity with an easy-to-navigate interface and ensures that accounts are set up quickly.
Security remains a top priority, keeping funds and personal details safe. With no hidden fees, AltPay brings transparency and convenience to personal and business financial activities.
5. Skrill
Skrill has built a reputation since 2001 as a reliable digital wallet for shopping online, sending money, and trading cryptocurrencies. Its loyalty program, Knect, rewards users for their activity with points that can be converted into rewards.
Skrill keeps transactions secure and private while making sure there’s access to funds around the clock through its app. Trusted by millions, it serves as a practical tool for financial transactions worldwide.
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6. Payz
Payz brings users a way to manage money globally, handling over 50 currencies with ease. Multi-currency cards make transactions simple for travelers and everyday users alike.
Its app delivers straightforward access to accounts and enables instant transfers. Advanced security features protect funds, giving users confidence in their transactions. Payz caters to the needs of modern financial lifestyles, whether for local spending or international use.
7. Vericash
Vericash bridges the gap between traditional banking and underserved markets, offering digital wallets, international payment options, and tools for small businesses. Its services are designed to make daily financial tasks easier for users, while also supporting business growth in growing economies.
Vericash works closely with telecom providers and financial institutions to expand access to digital finance, delivering practical tools for a growing user base.
8. Viva
Viva introduces payment solutions that work seamlessly across industries, catering to both online and offline sales. Businesses can process transactions through different devices without needing additional hardware.
With features such as real-time transaction settlement, offline payment options, and cashback benefits, Viva supports different types of industries, from retail to hospitality. Its payment systems are adaptable, practical, and designed for ease of use.
9. GoCardless
GoCardless automates payment collections, helping businesses handle recurring and one-off transactions with ease. Its direct bank-to-bank payment model eliminates high fees and reduces the likelihood of failed payments.
The platform integrates with popular accounting and CRM tools, offering a simple dashboard for scheduling and tracking payments. Features like smart retries for failed transactions and advanced security measures create a reliable process for businesses and customers.
GoCardless saves time, reduces administrative burdens, and ensures payments are handled efficiently.
10. Mangopay
Built around its wallet infrastructure, Mangopay covers platform payment needs – pay-ins, payout, FX and fraud prevention – for various business models and workflows. It supports multi-currency wallets, automated payouts, and cross-border transactions, making it easier to handle complex payment flows.
The platform prioritises user experience with faster onboarding, loyalty programs, and recurring payment options. Fraud detection is integrated throughout, protecting businesses and customers during every stage of the transaction process.