News from the Wire

Etsy selects Adyen for global payments

Thursday, October 27, 2016 — 13:03:21 (EDT)

San Francisco, Oct. 26, 2016 -- Adyen, the payments company powering global commerce for Uber, Facebook and Netflix amongst others, today announced a global partnership with online marketplace Etsy. The technology partnership covers the United States, Europe and other key markets where Etsy operates marketplaces and provides services to its 1.7 million* sellers. Etsy has chosen Adyen to enhance the payments experience for its millions of buyers and sellers around the world.

By integrating with Adyen, Etsy is adding redundancy and resiliency to its payments platform, with a focus on providing a seamless customer experience. With Adyen, Etsy buyers globally can continue to pay using their preferred local currencies and payment methods.

“Our goal at Etsy is to leverage technology to bring people together through commerce,” said James Esposito, senior director of payment operations at Etsy. “Working with Adyen enables us to further optimize the buying and selling environment for our community. We believe that this relationship will strengthen our ability to disburse payments to sellers quickly and reliably as well as our ability to offer our buyers the opportunity to pay with their payment method of choice.”

“Some of the largest companies in the world partner with Adyen to accept payments globally, enabling them to open new markets and optimize customer conversion in existing markets,” said Kamran Zaki, Adyen’s North America President. “Etsy has built a true community-centric global and local marketplace. We are thrilled to be helping Etsy provide a seamless payments experience that its buyers and sellers depend on.”

*As of June 30, 2016

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Source: Company press release.