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Tag: Plaid

Etsy Holds Seller Funds in Reserve, then Introduces Cash Advance Lending Service

August 1, 2023August 1, 2023 Ina Steiner
Etsy

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 […]

Marketplaces, NewsEtsy, Etsy reserves, Plaid, working capital loans, YouLend

Etsy Sellers Lose Their Collective Minds over Plaid Verification Error

September 21, 2022 Ina Steiner
Etsy

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 […]

7 CommentsMarketplaces, News, PaymentsEtsy, Etsy glitch, Etsy verification, Plaid

Etsy Falls Short of Addressing Seller Security Concerns

August 26, 2022 Ina Steiner
Etsy

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 […]

3 CommentsMarketplaces, News, Paymentsanti money laundering rules, Etsy, Plaid

Etsy Said It’s Required to Force Sellers to Verify Their Bank Accounts

August 25, 2022August 25, 2022 Ina Steiner
Etsy

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 […]

7 CommentsMarketplaces, NewsEtsy, Etsy account verification, Plaid

Visa to Acquire Plaid for $5.3 Billion

January 14, 2020January 14, 2020 Ina Steiner
Visa

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 […]

News, PaymentsPlaid, Visa


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