Etsy selects Adyen for global payments

Etsy selects Adyen for global payments

Etsy’s buyers and sellers to benefit from
enhanced payments experience

SINGAPORE
– October 27, 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

For
more information about Adyen, visit https://www.adyen.com/