in

Etsy, Other E-Commerce Companies Feel Squeeze of SVB Collapse

Etsy, Other E-Commerce Companies Feel Squeeze of SVB Collapse

Etsy on Monday resumed payments to merchants with Silicon Valley Bank accounts after the e-commerce platform paused their payouts over the weekend following the US government shutdown of the bank last week.

Approximately 0.5 percent of Etsy’s active sellers — or around 2,700 merchants — had their payments delayed on Friday related to SVB’s collapse, according to Etsy.

“We are working to pay these sellers today, and we’ve already…


Posted by Editor

Has Yemen’s government been sidelined after Saudi-Iran deal?

Has Yemen’s government been sidelined after Saudi-Iran deal?

Goldman Sachs fund manager describes Outcome Health investment

Goldman Sachs fund manager describes Outcome Health investment