Etsy Sellers Plan Strike Over Seller Transaction Fee Hike – PCMag

A group of Etsy sellers are planning to go on strike over new fees.

In a February earnings report, Etsy said it would increase its seller transaction fee from 5% to 6.5%, effective April 11. The platform said it would “invest most of the incremental revenue from this fee increase in marketing, seller tools, and creating world-class customer experiences.” But it didn’t sit well with the sellers who will have to fork over that extra cash.

Long-time Etsy seller Kristi Cassidy is calling for a seller strike and customer boycott from April 11 to 18; her online petition has already received over 16,000 signatures.

Cassidy argues that Etsy has “followed up…record pandemic gains by turning around and sticking it to their sellers.” That includes an unpredictable Offsites Ads program. If buyers find a seller through Offsite Ads—search engine results, social media sites and apps, Etsy Publishing Partner sites, or Google Display Network sites—Etsy takes a 12-15% cut of each item sold. Only…

Read Full Story: https://www.pcmag.com/news/etsy-sellers-plan-strike-over-seller-transaction-fee-hike

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