Etsy selects Adyen for global payments

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

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Oct 26, 2016, 11:00 ET

SAN FRANCISCO, Oct. 26, 2016 /PRNewswire/ -- 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/

About Adyen
Adyen is a technology company that provides businesses with a single solution to accept payments anywhere in the world. The only provider of a modern end-to-end infrastructure connecting directly to Visa, MasterCard, and 250 other payment methods, Adyen delivers frictionless payments across online, mobile, and in-store. With offices all around the world, Adyen serves more than 4,500 businesses, including 7 of the 10 largest U.S. Internet companies. Customers include Facebook, Uber, Airbnb, Netflix, Spotify, Dropbox, Evernote, Booking.com, Vodafone, Mango, Crocs, O'Neill, SoundCloud, KLM and JustFab.

About Etsy
Etsy operates marketplaces where millions of people around the world connect, both online and offline, to make, sell and buy unique goods. Etsy also offers a wide range of seller services and tools that help creative entrepreneurs start, grow and manage their businesses. The Etsy community includes creative entrepreneurs who sell on our platform, thoughtful consumers looking to buy unique goods in our marketplace, retailers and manufacturers who partner with Etsy sellers to help them grow their businesses and Etsy employees who maintain our platform and nurture our ecosystem. Our mission is to reimagine commerce in ways that build a more fulfilling and lasting world, and we're committed to using the power of business to strengthen communities and empower people.

Etsy was founded in 2005 and is headquartered in Brooklyn, New York.

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SOURCE Adyen