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July 6, 2016

Worldpay, Etsy’s payments processor, admits to service outage

An Etsy marketplace is set up in Times Square outside the NASDAQ to commemorate the Etsy initial public offering which debuted to the public on Thursday, April 16, 2015. Shares of Etsy dropped up to 9.1% after investors who bought shares during the IPO dumped them on the first day they were allowed to.(�� Richard B. Levine) (Photo by Richard Levine/Corbis via Getty Images) Worldpay, the third-party payments processor for Etsy, has come forward after six days of silence, acknowledging that it is experiencing a service disruption. A significant number of Etsy transactions have been disrupted by ongoing payment processing outages. Over 7000 posts have been made by frustrated merchants in an Etsy forum dedicated to the problem. This is almost twice the volume… Read More

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