Etsy delays seller payments amid Silicon Valley Bank collapse

Etsy has beaten Wall Street expectations for second-quarter revenue as demand for handcrafted goods and personalised gifts remained strong
General RetailNews
// Online marketplace Etsy has warned sellers that it will be delaying payments in the wake of Silicon Valley Bank’s (SVB) collapse.
// To find out more, visit Retail Gazette’s sister site, Charged Retail: click here

Regulators shut down SVB on Friday, marking the largest US bank collapse since the 2008 financial crisis.

As a result, several tech firms have been impacted, with Roku saying it could lose as much as 26% of its cash reserves, or more than $487 million, due to the situation.

FIND OUT MORE ABOUT ETSY’S STEPS HERE

Click here to sign up to Retail Gazette‘s free daily email newsletter

General RetailNews

Leave a Reply

Your email address will not be published. Required fields are marked *

Fill out this field
Fill out this field
Please enter a valid email address.

General RetailNews

Share:

Etsy delays seller payments amid Silicon Valley Bank collapse

Etsy has beaten Wall Street expectations for second-quarter revenue as demand for handcrafted goods and personalised gifts remained strong
// Online marketplace Etsy has warned sellers that it will be delaying payments in the wake of Silicon Valley Bank’s (SVB) collapse.
// To find out more, visit Retail Gazette’s sister site, Charged Retail: click here

Regulators shut down SVB on Friday, marking the largest US bank collapse since the 2008 financial crisis.

As a result, several tech firms have been impacted, with Roku saying it could lose as much as 26% of its cash reserves, or more than $487 million, due to the situation.

FIND OUT MORE ABOUT ETSY’S STEPS HERE

Click here to sign up to Retail Gazette‘s free daily email newsletter

Social


SUBSCRIBE TO OUR DAILY NEWSLETTER

  • This field is for validation purposes and should be left unchanged.
General RetailNews

Leave a Reply

Your email address will not be published. Required fields are marked *

Fill out this field
Fill out this field
Please enter a valid email address.

RELATED STORIES

Latest Feature


Menu


Close popup

Please enter the verification code sent to your email: