Re:Etsy Delays Seller Payouts Due to Run on Silicon Valley Bank
by bagels on Saturday March 11, 2023 @10:40PM
(#35116337)
Right, the implication is that they shouldn't have started their business at all because there was a risk that Etsy would use a bank that might fail.
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Re:Etsy Delays Seller Payouts Due to Run on Silicon Valley Bank
by ashwagary on Sunday March 12, 2023 @01:23AM
(#35117331)
>the implication is that they shouldn't have started their business at all
Instead of passing the buck, the takeaway is that Etsy could be punished for inappropriately managing customer funds held on behalf of sellers. I expect US law has avenues for sellers to seek adequate compensation for damages Etsy has caused, especially if the TOS didnt cover this outcome.