Friday, April 26, 2013

Multiply will cease all operations on May 31

Multiply has just announced that they will be shutting down on May 6, 2013 and will cease all operations come May 31, 2013.

This is quite surprising since the website just recently rebranded to focus on being an online marketplace.

“”We regret to announce that Multiply will be closing on May 6, 2013 and ceasing all business operations by May 31, 2013.

Multiply will maintain normal site operations through May 6. We will use the rest of May to make sure the all accounts are settled and that merchants receive full payment for all the transactions they completed on our platform. This will also provide our merchants with time to find and migrate to alternative ecommerce platforms, settle all payments on items bought and delivered, and to minimize disruption to their businesses.

Multiply will ensure that you receive all funds you earned on the platform no later than May 31, 2013. We will close the actual marketplace sooner, on May 6, 2013, to ensure that all orders have sufficient time to complete and be delivered to your customers before the end of the month.

Merchants who have premium subscriptions should contact our customer support and we will ensure that they receive a full refund for the un-used time on your subscription.”

- The following statement was taken from Multiply website:

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