On: Etsy sellers say their bank accounts were emptied ...

[seandougall]

At least with Braintree (which my company uses), you can void a cc transaction any time until it settles at midnight, with the result that the money never actually leaves the account. A preauth of this magnitude could still cause big problems for a day or so, but it’d be better than locking the money away as a credit in a totally different account (which, among other problems, somehow smacks of money laundering).

[remote_phone → seandougall]

The money moved so it already settled.

[seandougall → remote_phone]

Yes, by the time they addressed it. Seems hard to imagine this was the sort of thing that didn’t hit their radar on the day of, though.