Etsy raises transaction fees, frustrating sellers.

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Etsy just upped its transaction fees—and sellers are pissed

People are looking for alternatives.

Jun 14, 2018, 8:58 pm

IRL

Kris Seavers 

Kris Seavers

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.

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*First Published: Jun 14, 2018, 8:58 pm