PayPal has been restored

PayPal - the world famous online payment service has announced that it has completely restored its operations after being paralyzed for nearly 2 hours on October 30.

PayPal did not disclose the specific cause of the paralysis of its entire online payment system and only said it was a technical error, not a network attack.

The recent paralysis has certainly made PayPal and its customers online shopping sites or service users badly damaged economically as well as adversely affecting the brand image. On his official blog, PayPal apologized to those involved.

PayPal currently has more than 87 million accounts scattered in more than 190 countries that are compatible with 24 different currencies. In the third quarter, PayPal's revenue increased by 22% compared to the third quarter of 2009, reaching 838 million USD and accounting for 37% of eBay's total revenue - the world's largest online shopping service network.