SPRINGFIELD, Mo. — If you frequent Etsy, the website that sells handmade or vintage items, you may gave noticed some of your favorite shops have temporarily closed. But why?
Etsy sellers are going on strike to protest rising seller’s fees.
Etsy announced this year that profits and revenue have exceeded expectations, growing the company’s stock, according to The Verge. However, the company announced the same day that the seller’s fee would be increasing by 30% — from 5%to 6.5% starting Monday.
In response, several Etsy sellers have decided to temporarily close their stores on the site from April 11 to April 18. Sellers are also asking that customers boycott the site during the strike.
Etsy is a global marketplace where small businesses and individuals can create and sell unique and/or handmade items to customers around the world.