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Millions of Dollars Potentially Lost in PayPal Outage

by The Gurus
November 2, 2015
in Top 10 Stories
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PayPal’s services were down for roughly 2 hours on Thursday night, due to a fault in one of the online payment provider’s data centres. The company reported a power outage to be the root of the issue.
PayPal processes around $26 million per hour, meaning that there is a risk tens, if not hundreds of thousands of dollars could have been lost. Twitter went into a storm of rage as businesses and individuals vented their frustrations on the social media platform.
A spokesperson for PayPal issued the following in response: “The network experienced an intermittent interruption during a period of relatively low traffic. At 7pm PT, the majority of volume is in APAC [Asia and Pacific countries] not in EMEA [Europe and the Middle East] or USA. This interruption was caused by a data center power outage and we apologize for any inconvenience this may have caused.”
Source: Fortune
Full story: http://fortune.com/2015/10/30/paypal-outage-sales/

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