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PayPal error makes man quadrillionaire

Jul 22 2013 10:31
Cape Town - PayPal has accidentally credited a man with $92 quadrillion - making him the richest man in the world, according to CNN.

Chris Reynolds opened his June PayPal email statement to find that his account balance was $92 233 720 368 547 800.
Reynolds reported the matter to Paypal and his balance again reflected the correct amount of $0.

The online payment service provider said in a statement that it was a mistake and that the firm would donate an undisclosed amount of cash to a cause of Reynolds' choice.

PayPal provides person-to-person payments online but also offers payment options for merchants and has also moved into digital wallets.

Man naps on keyboard, transfers millions

Also in June, Reuters reported that a German bank employee accidentally transformed a minor transfer into a €222m order after falling asleep on his keyboard.

The man was supposed to transfer just €62.40 from a bank account belonging to a retiree, but instead "fell asleep for an instant, while pushing onto the number 2 key on the keyboard" - making it a huge €222 222 222.22 order.

The bank discovered the mistake shortly afterwards and corrected the error.

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paypal  |  banks  |  money


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