In a post on its website, Payvment announced that it will be joining a new company and shutting down its platform on February 28. The Payvment platform has been used by people selling goods on Facebook. Those people, according to the post, will have one month to transfer their account to Ecwid in order to continue selling on Facebook.
The post answers a wide range of questions for customers, though doesn't offer much in the way of explanation as to why the change is being made. According to Allthingsd.com, Payvment CEO says, "Technically, Payvment is not going out of business."