Etsy has been coming under fire for its practice of holding sellers’ funds in reserve – the story blew up in the UK when the BBC wrote about the hardship sellers are facing as the result of the financial squeeze. Read more
Sellers who had just suffered waves of anxiety over a new verification requirement got a shock today when Etsy notified them their accounts were not verified and discovered they were unable to activate a button to re-verify their accounts, leaving Read more
Etsy finally issued an announcement that it is requiring all US sellers to verify their bank-account information, regardless of how long ago they set up their account. The announcement came a day after sellers began receiving notice that they must Read more
Etsy caused a stir Thursday morning when it sent an email to sellers requiring them to verify their bank account information. The reason it gave was in order for the company “to comply with anti-money laundering regulations.” While verifying bank Read more
Visa will pay $5.3 billion for Plaid, a service that helps people connect their financial accounts to financial apps. Visa gave an example of the role Plaid plays in linking accounts to apps: “when a user sets up a Venmo Read more
