kritter
Mod Squad
When we lose sight of how we treat animals, we tend to lose sight of our humanity
Posts: 19,916
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Post by kritter on Mar 12, 2023 15:52:48 GMT
www.nbcnews.com/business/business-news/etsy-delays-payments-sellers-due-silicon-valley-bank-collapse-rcna74475Etsy is warning sellers that the collapse of Silicon Valley Bank on Friday is causing delays in processing payments, according to an email from the company shared with NBC News.
The online do-it-yourself goods mega shop said it used SVB to facilitate disbursement to some sellers, and that it was working with other payment partners to issue deposits.
"We wanted to let you know that there is a delay with your deposit that was scheduled for today," the email from Etsy said.
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Post by labbypaws on Mar 12, 2023 17:48:39 GMT
Ugh. Roku lost about 480 million.
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Post by Pantlandia on Mar 13, 2023 2:54:51 GMT
The government is gracious enough to print more money to cover every penny to all depositors. I'm sure lots of politicial contributors used the bank. I sure hope they do the same when any other banks fail but it we shouldn't hold our breath in that happening.
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val2525
Chaos Manager
Posts: 30,818
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Post by val2525 on Mar 13, 2023 17:59:11 GMT
We use Patriot for payroll and they used SVB to process the direct deposits. No one got paid this past Friday. For once, I'm actually glad so few of our clients use direct deposit We've advised our DD clients that they will either have to write paper checks for the next few weeks, or transfer net pay via Zelle or something similar.
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val2525
Chaos Manager
Posts: 30,818
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Post by val2525 on Mar 13, 2023 18:09:03 GMT
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