Many Etsy sellers are currently owed money that cannot be delivered following the collapse of SVB.
Some Etsy sellers have received emails warning them of delays to deposits following the collapse of Silicon Valley Bank, with more users expected to see similar disruption.
Etsy sellers can have deposits made daily, weekly, fortnightly, or monthly, and those who should have had a deposit on Friday have already received notification of delays.
Naturally, the ecommerce platform blames the “rapid and unexpected” collapse of Silicon Valley Bank for this, rather than its heavy reliance on the bank and, now, inability to adapt fast enough.Etsy delays deposits because of Silicon Valley Bank collapse
Sewing pattern seller Maridah posted to Twitter (opens in new tab) a screenshot of an email from Etsy that reads:
“We wanted to let you know that there is a delay with your deposit that was scheduled for today.
