Whatnot · 1 week ago
Product Counsel, Payments
Los Angeles, CA
Full-time
Hybrid
Senior Level, Lead/Staff
$260K/yr - $325K/yr
8+ years expWhatnot is the largest live shopping platform in North America and Europe, redefining e-commerce through community and entertainment. The Senior Product Counsel will lead legal support for payments and financial services initiatives, advising on the design and operation of innovative payment systems while navigating complex regulatory frameworks.
CollectiblesE-CommerceInformation TechnologyMarketplaceTrading Platform
Responsibilities
Provide strategic and practical legal advice to product, engineering, and business teams on the design and rollout of payment products, merchant services, and financial infrastructure
Advise on regulatory and compliance requirements, including U.S. and international payment regulations, money transmission, stored value, AML/BSA, consumer protection, and card network rules
Draft, negotiate, and manage complex commercial agreements with processors, acquiring banks, payment facilitators, and other financial partners
Partner with Compliance, Risk, and Product Operations to develop scalable policies, playbooks, and controls that support compliant and sustainable growth
Support expansion of payment products into new jurisdictions, assessing cross-border licensing and regulatory frameworks
Collaborate with Business Development on strategic financial partnerships and integrations
Stay current on developments in payments, fintech, and digital commerce regulation, and advise leadership on implications for product strategy
Help build the infrastructure for a world-class legal function that scales with Whatnot’s growth
Qualification
Required
A Juris Doctor (J.D.) and active membership in at least one U.S. jurisdiction (CA or NY preferred)
8+ years of combined experience in a top law firm and/or in-house legal department, including at least 3 years advising on payments, fintech, or financial services matters
Deep understanding of payments law and infrastructure, including card network operating rules, money transmission, and merchant acquiring frameworks
Proven experience negotiating commercial and technology agreements with financial institutions, processors, or payment partners
Strong familiarity with U.S. and international regulatory frameworks, including PSD2, e-money, AML, and consumer finance regulations
Ability to work cross-functionally in a fast-paced, product-driven environment, providing actionable guidance to non-legal stakeholders
Excellent communication, drafting, and interpersonal skills, with a bias toward clarity and collaboration
A proactive, business-minded approach and comfort with ambiguity
A sense of humor and humility—you take your work seriously, but not yourself
Benefits
Generous Holiday and Time off Policy
Health Insurance options including Medical, Dental, Vision
Work From Home Support
Home office setup allowance
Monthly allowance for cell phone and internet
Care benefits
Monthly allowance for wellness
Annual allowance towards Childcare
Lifetime benefit for family planning, such as adoption or fertility expenses
Retirement; 401k offering for Traditional and Roth accounts in the US (employer match up to 4% of base salary) and Pension plans internationally
Monthly allowance to dogfood the app
Parental Leave
16 weeks of paid parental leave + one month gradual return to work
Company
Whatnot
Whatnot is a livestream shopping platform for buying and selling products.
501-1000 employees
Funding
Current Stage
Late StageTotal Funding
$974.7MKey Investors
CapitalGY Combinator Continuity FundAndreessen Horowitz
2025-10-28Series F· $225M
2025-01-08Series E· $265M
2022-07-21Series D· $260M
Leadership Team
Jeff Chang
Director of Engineering, Head of Growth
Recent News
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Company data provided by crunchbase