Etsy Starts Delaying Sellers Payment

Etsy, the online shopping platform that uses the recently shaken Silicon Valley Bank to pay its users, explained that the payments were delayed and the reason for the delay.

Yesterday at noon, we told you about the Silicon Valley Bank (SVB) crisis in the US economy. SVB, the bank most preferred by entrepreneurs in the USA, Sold $21 billion in assets and add on He put up for sale a $2.25 billion stake..

This made the US entrepreneurs panic, causing people to suddenly want to withdraw their money from the SVB. Etsy platform, which uses SVB in the midst of this crisis and has many users in our country, announced that users are having difficulty depositing their payment.

Etsy attributes delays to users’ payments to SVB events

Etsy sent the above message to a Turkish user whose payment was delayed. The full translation of the message is as follows:

“We wanted to let you know that there is a delay in your scheduled payment for today. This delay is due to recent events at the Silicon Valley Bank, which Etsy uses to pay some users. We are working with our payment partners to make your payment as soon as possible.”

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Do you use Etsy? If you are a seller on Etsy, did you have trouble getting your payment? Please do not forget to share with us in the comments.


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