Etsy Sellers Are Not Getting Paid After Silicon Valley Bank Fallout [Video]

In the wake of Silicon Valley Bank’s fallout, some Etsy sellers were having trouble getting their payouts from the online marketplace on Monday and were unsure as to when they’d get their money.

However, when reached on Tuesday, these sellers said the payments were posted to their bank accounts and they reopened their shops from vacation mode, a strategy they used to prevent receiving any orders from customers.

Some sellers first learned that their deposits didn’t go through on Friday, when they received an email from Etsy explaining that payments were delayed because the company used Silicon Valley Bank to facilitate disbursement to some sellers. 

Etsy confirmed to Insider on Monday that approximately 0.5% of its active seller base had their payments delayed on Friday. In a statement, the company said: “We are working to pay these sellers today and we’ve already started processing payments via another payment partner this morning.”

On Monday, some Etsy sellers posted …