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Is the Silicon Valley Bank Collapse a Warning for Retail?

March 17, 2023


The collapse last Friday of Silicon Valley Bank (SVB), which served as the go-to bank for tech startups and venture capital firms, didn’t spare the retail industry.

Among those in the retail space impacted:

  • Some Etsy sellers had their payments delayed by one business day. The online marketplace worked with other payment partners to resume payments by Monday.
  • Shopify halted payments to online sellers with SVB accounts, telling merchants they must switch accounts to receive funds.

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