Etsy’s response to the situation has left some sellers frustrated.
is expected to take place on Sunday afternoon, and if no buyer emerges, the FDIC will be forced to sell its assets in an attempt to reimburse depositors.
“We recently experienced a delay in issuing payments to some sellers related to the unexpected collapse of Silicon Valley Bank,” Heino says. “Our teams have been working around the clock to implement a solution, and we expect to pay sellers via our other payment partners within the next several business days.”
“The delay in deposits came at the most inopportune time for our business: right after a large inventory purchase and right before a move across the country,” Gee tells. “I have over 100 orders that have been fulfilled and shipped and have not received payment for.”
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