Since July 1, Etsy Inc has had a major payment processing problem. But while the problem is still unresolved, the 24/7 Bitcoin payment network can certainly fill the void.
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Etsy’s 3rd Party Payments Processing Problem
Many of its orders made using credit cards and gift cards are stuck in processing. Etsy is using the London-based company, Worldpay Group Plc, to process orders but the company has a bug in their system, resulting in delays in payment confirmations. Paypal orders are unaffected, however.
User “WELOVELILLY” on Etsy’s Bugs forum wrote on Wednesday:
I have several orders pending from July 1st and 3 pending today. I am so surprised that it is taking 5 days or more to clear payments?
This is not an isolated incident. Etsy has had problems with Worldpay’s payment processing before. In February, a similar issue occurred causing merchants to lose sales around Valentine’s Day.
Affected merchants received an email on July 1 from the company stating:
Your shop may have been affected by a recent technical issue experienced by Etsy’s third-party payment processor that has resulted in delays confirming some of