Thousands of Etsy sellers — artists who make money from selling their handmade goods on the website — are closing their shops for the week and going on strike.that starting April 11 the company would increase the 5% transaction fee for sellers to 6.5%. This was done to fund improvements in marketing, and seller tools, among other changes, Silverman said.
"After giving Etsy two years of record profits under the most difficult circumstances imaginable, we're tired, frustrated and ready to fight for our seat at the table," they added. "Technically we are just customers of Etsy because they have a platform and we're on it," she told NPR."But we are also the laborers for them and they make money directly off our labor."
Her product is niche, but Cassidy found a home on Etsy, which specializes in selling handmade or vintage items. She's been able to make a living creating custom dresses to her customers. Kristi Cassidy, pictured here in 2019, is an Etsy seller that makes gothic, Victorian gowns and costumes. She is one of the organizers behind the Etsy sellers strike.
These independent shops also want to be able to opt out of off-site advertisements. These are Etsy-created promotions for specific listings that are posted throughout the internet; the cost is pushed to sellers once they make a sale based on these ads."Off-site ads make my business completely unsustainable," she said., its site has 5.3 million active sellers and more than 90 million active buyers. The company has defended the fee structure.
Source: News Formal (newsformal.com)
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