Etsy error resulted in large amounts being withdrawn from some sellers’ bank accounts and credit cards

An Etsy bill payment error resulted in large amounts of money being withdrawn from several sellers’ bank accounts and credit cards on Friday morning. While the company says the issue has been resolved and was not the result of fraud, the headache isn’t over for affected sellers because Monday is a federal holiday in the United […]

View More Etsy error resulted in large amounts being withdrawn from some sellers’ bank accounts and credit cards

Distinguished VCs back wholesale marketplace Faire with $100M at a $535M valuation

Kirsten Green of Forerunner Ventures, Keith Rabois of Khosla, Alfred Lin of Sequoia and Alex Taussig of Lightspeed are backers of Faire.

View More Distinguished VCs back wholesale marketplace Faire with $100M at a $535M valuation

Easyship, a Stripe for global e-commerce shipping, raises $4M

Easyship, a Hong Kong-based startup that aims to make international shipping for e-commerce as easy as payments, has closed a $4 million Series A round. The company was founded in 2015 by former Lazada duo Tommaso Tamburnotti and Augustin Ceyrac, and ex-banker Paul Lugagne Delpon. From their time with Lazada, the then-Rocket Internet -owned e-commerce site […]

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States will be able to charge sales tax on online purchases thanks to the Supreme Court

In a five-to-four decision issued today, the Supreme Court ruled that states can make online businesses collect sales taxes — even if they don’t have a physical presence in that state. Today’s ruling overturns a decision from the Court in 1992 that paved the way for the explosion of online retail in the United States. […]

View More States will be able to charge sales tax on online purchases thanks to the Supreme Court