4 ms·

Etsy's statement makes it seem like this is just a payment rails issue, not a funds issue

• deleted 4y ago
  [deleted]
• tedivm 4y ago
  Yeah same thing happened with Rippling- they had to push through some changes so they could handle payroll through another company, but ultimately got it all out. I remember Gusto having an issue a year or two ago, but since they already had code in place to use a backup they ended up making all payments on time.
  • dannyw 4y ago
    Rippling used their corporate reserves to do so.
• bigiain 4y ago
  That might be true. But they never explicitly said that, so I’m unconvinced that they’re not just buying time, and hoping that on Monday FDIC will release a pile of now-locked-up-funds that are an existential risk to Etsy.