Digital River Not Paying Developers
Digital River has not paid numerous merchants since midsummer for software and digital products they sold through its MyCommerce platform.
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“Astonishingly, Digital River continued to take sales from our loyal customers until we removed them from the order system. It now appears they have no intention of making payments and may be entering a liquidation process under a new CEO who has been involved in similar situations before.”
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The privately-owned, Minnesota-based business appears to have laid off a significant number of employees, presumably the result of what its UK subsidiary describes as cost reduction initiatives implemented in late 2022.
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In a post to LinkedIn three weeks ago, Lorant Barla, CEO of Romania-based Softland, said, “Digital River is automatically ‘pre-signing’ contracts in your MyCommerce account without your approval. The new MSAs [Master Services Agreements] stipulate additional platform fees and payments delayed for up to 60 days (we are still waiting for the payment from July).”
It’s so sad to see them fall apart. eSellerate was great back in the day.
Previously:
- FastSpring Store Unexpectedly Offline
- Stripe Acquires Lemon Squeezy
- FastSpring Risk Screening
- Paddle Billing
- eSellerate Shutting Down
Update (2024-10-18): See also: Hacker News.
