Facebook ecommerce platform company Payvment announced that it is shutting down as its team joins a new, unspecified company. The platform will be shut down on February 28.
The company in question is Inuit, according to TechCrunch, though it's unclear why this piece of information was left out of the announcement, and why Intuit itself did not make an announcement.
Update: A spokesperson for Intuit tells WebProNews, "We didn’t announce this transaction because it is not material. We did, however, confirm we are really pleased to be picking up a number of employees that we’ll deploy across Intuit. I hope that clarifies things for you."
On Payvment's home page, the company says:
As part of this transition, you will have one month to transfer your store to Ecwid, which will allow you to continue selling on Facebook. Ecwid is a global leader in Social Commerce with over 200,000 sellers in 174 countries and a robust Facebook application very similar to Payvment. For details, visit ecwid.com/payvment.
Payvment and Lish stores and the Payvment Dashboard will be active through February 28, and on March 1, the service will shut down. People will be able to transfer their stores to Ecwid from one click from the dashboard. More FAQs here.