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…