Hawaii seller shares her thoughts on Etsy strike – KHON2

HONOLULU (KHON2) — Thousands of Etsy sellers are halting their sales this week to protest a 30% increase in fees that took effect on Monday, April 11.

Etsy sellers must now pay a 6.5% commission on each transaction, up from the 5% in place since 2018. A petition has garnered nearly 80,000 signatures from Etsy buyers, sellers and employees.

“Etsy made bank over the pandemic,” wrote protest organizer Kristi Cassidy. “In 2020, they more than doubled their gross marketplace sales. In 2021, they kept those pandemic sales gains and broke their 2020 record by $3.2 billion dollars… They followed up these record pandemic gains by turning around and sticking it to their sellers.”

Etsy is an e-commerce marketplace that’s best known for handcrafted items such as soaps and jewelry. When the pandemic hit, Etsy was one of the few companies that benefited with more people staying at home and shopping online. Vendors also took advantage of the market by selling face masks.

According to Cassidy,…

Read Full Story: https://www.khon2.com/local-news/hawaii-seller-shares-her-thoughts-on-etsy-strike/

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