According to an internal source, the online payment company Paypal today initiated a mass chargeback on “thousands” of Sony Entertainment Network transactions, for reasons yet-unknown. These chargebacks have ended up putting the PSN accounts affected into debt, which triggers the system to auto-ban that account until it’s back in the black. At the moment this seems to only be an issue for UK-based accounts.
There’s an easy way to tell if you’re affected: check your email. Those who are should find an email from Paypal about a refund from transactions relating to Playstation.
Understandably, the relevant call centres are rammed with people trying to figure out what’s happened. So: if your Playstation account has been suspended, this is probably why.
Sony is apparently speaking with Paypal in order to work out what has caused this problem and fix it, we’ve contacted both for comment, but this is all the information currently available.
Thanks to @xxxNAILBUNNYxxx for flagging this to me