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Etsy just upped its transaction fees—and sellers are pissed

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Etsy is increasing its transaction fees, the crafts company announced Thursday. The increase came as good news for the company’s stock but was a major disappointment for many of the site’s vendors.

Starting July 16, the fee for a transaction on the site will rise from 3.5 to 5 percent. The higher fee will apply to shipping costs as well, according to ABC News.

Sellers tweeted their frustrations over the inflated transaction rate. Many said the change will be forcing them to take their business elsewhere.

Disillusioned with Etsy, vendors said they plan to sell their products from their own websites or via Twitter. Others asked or gave recommendations for different third-party sites.

Tweets also cautioned customers, warning them of higher prices and the possible exodus of sellers.

To some, Etsy’s decision to up fees undermined the company’s values in favor of corporate investment.

Kris Seavers

Kris Seavers

Kris Seavers is the Evening Editor for the Daily Dot, where she covers breaking news, politics, and LGBTQ issues. Her work has appeared in Central Texas publications, including Austin Monthly and San Antonio Magazine, and on NPR.