Players will no longer be able to purchase digital content or add money to their PS Store e-wallet due to the loss of credit cards and PayPal. This new system is set to go live on October 27th.
Starting 27th October, 2021, you can no longer use a credit or debit card, or a payment method such as PayPal, to buy digital content or add funds to your wallet when visiting PlayStation™Store on your PS3™ console or PS Vita system.
To buy digital content for your PS3 console or PS Vita system, you must first add sufficient funds to your wallet on PlayStation Store. You can add funds by redeeming a PlayStation Store gift card, using a credit or debit card, PayPal, or other available payment methods via a desktop computer, mobile device, a PS4 console or a PS5 console.
So, how can I deposit money into my account? According to Sony’s official website, you will be able to add funds by redeeming a gift card (Gift Card) from the PlayStation Store (the cards found in key markets or websites), after which you will be able to activate the gift card via the PC browser, mobile device, and PS4 or PS5 consoles.