Sellers' Money Goes Missing on PayPal

Sellers all over the internet were scrambling when payments went missing from their PayPal accounts for hours on Oct. 1. And it impacted not just sellers on eBay, but on Etsy, Bonanza and even people who transferred their money from one account to another. Sellers reported the issue on Wednesday morning on the Ecommerce EKG board beginning at about 12:30 a.m. EST: "Item shows paid in eBay but payment is not in PayPal." There was no sign of an acknowledgement on the PayPal blog, on the PayPal discussion threads or on the AskPayPal Twitter account.