More than 15,000 Etsy sellers are going on strike today. The online marketplace, known for selling handmade and designer items, announced they would be increasing transaction fees from 5% to 6.5% starting today, April 11th, meaning ETSY will start taking a bigger cut from sellers.
The official #EtsyStrike and it’s supporters on Etsystrike.org demands include:
- Cancel the fee increase.
- Crack down on resellers with a comprehensive plan that is transparent, so sellers can hold Etsy accountable.
- Give ‘Golden’ support tickets to sellers affected by extreme AI actions (account termination, 45/90 day holds, etc.)
- End the Star Seller Program.
- Give all sellers the ability to opt out of off site ads.
The company had stated in a press release that the increased transaction fee will allow ETSY to provide better customer service and advancement of the platform, but sellers aren’t buying it.
I have over 10 years of experience in the retail industry including expertise in marketing, operations, merchandising, buying, shopping and technology. I am a former senior managing director of The School of Retailing, University of Alberta. My education includes a Bachelor of Commerce Degree from The University of Alberta in Marketing, Certificate in Real Estate and a Diploma in Fashion Merchandising and Buying from LasSalle College, a Canadian private school founded in 1959 by fashion designer Jean-Paul Morin.