I took a closer look and it looks like PayPal is rejecting transfers to your account. I’ve gone ahead and updated the status of the payout and opened a support ticket about it on your account. Sorry for the confusion.
Thanks for your response. I did not know that there might be a problem with my PayPal account and there was also no visible warning from the PayPal side. I updated my PayPal account and requested a new payout, so hopefully, it will work this time.