Thousands of Etsy sellers were planning to go on strike Monday to protest higher transaction fees on the e-commerce site.
Etsy, which is best known for selling handmade and vintage products, recently released a report saying it would raise transaction fees for third-party sellers, despite revenue at an all-time high.
Transaction fees were expected to rise to 6.5% from 5% on Monday, representing a 30% increase. The fee is the amount Etsy charges when a seller makes a sale, taking a portion of the profit.
Etsy sellers go on strike, merchants ask customers to boycott the site
In 2021 alone, Etsy’s gross market share hit a record $4.2 billion, up 16% year-over-year, the company reported.
In response to the change, a group of Etsy sellers created a petition and a website calling for the fees to be waived or they would go on strike.
“We are striking to protest Etsy’s treatment of sellers. We will put our stores in vacation mode from April 11th to 18th. Those of us who can will strike all week, and some of us are only striking for April 11,” the vendors said on etsystrike.org.
“Buyers can also support the strike by boycotting Etsy from April 11-18 and looking for ways outside of Etsy to support sellers.”
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An Etsy spokesperson told Global News in an email that the new transaction fee rates benefit sellers.
“The success of our sellers is a top priority for Etsy. We are always receptive to feedback from sellers and, in fact, the new fee structure will allow us to increase our investments in the areas described in the petition, including marketing, customer support and removal of listings that do not comply. our policies,” the spokesperson said. mentioned.
“We are committed to providing great value to our 5.3 million sellers so they can grow their businesses while keeping Etsy a valued, trusted, and thriving marketplace.
The petition had more than 49,000 signatures as of noon EST Monday.
“Etsy was founded with a vision to ‘keep commerce human’ by ‘democratizing access to entrepreneurship,'” the petition reads.
“As a result, people who have been marginalized in traditional retail economies – women, people of color, LGBTQ people, neurodivergent people, etc. – represent a significant proportion of Etsy’s sellers. For many of us, Etsy is our main source of income.
The petition adds that Etsy has moved away from this original vision of the company and “has come to resemble a dictatorial relationship between a faceless tech empire and millions of exploited, mostly female artisans.”
— with files by Sarah Do Couto
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