Etsy selects Adyen for global payments

Payments firm Adyen, who also power payments for Uber, Facebook and Netflix and others, have announced a partnership with online marketplace Etsy.

The deal covers the United States, Europe and other markets where Etsy operates marketplaces for 1.7 million sellers. Under the collaboration Etsy buyers globally can continue to pay using their preferred local currencies and payment methods.

James Esposito of Etsy says: “Our goal at Etsy is to leverage technology to bring people together through commerce. 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.”

Adyen’s Kamran Zaki adds: “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. 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.”