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Starting today, more than 14,000 Etsy sellers are going on strike as the platform increases its transaction fees from 5% to 6.5%. "We're hoping to get Etsy's attention that we are fed up," said ...
Etsy is an online marketplace where people can buy and sell handmade items or vintage wares, but since the company hit sellers with a 30% transaction fee, the vendors are pushing back. An ...
Thousands of Etsy sellers, including some in Springfield, are striking after an increase in transaction fees went into effect Monday.
Creating a shop on Etsy requires creating and posting at least one listing in the shop, which costs $0.20. Each listing will remain on the shop's page for a maximum of 4 months, or until someone buys the product. The prices of products are set by the shop owner, but Etsy claims 6.5% of the final sale price of the listing [7] and 6.5% of the postal fee.
OTC Markets Group, Inc. (previously known as Pink Sheets) is an American financial market providing price and liquidity information for almost 12,400 over-the-counter (OTC) securities. [3] The group has its headquarters in New York City. OTC-traded securities are organized into three markets to inform investors of opportunities and risks: OTCQX, OTCQB and Pink .
The stock price quadrupled in 2020, and the number of businesses selling goods on the site more than doubled to 9 million between 2020 and 2023.
Move comes as e-commerce sector suffers post-pandemic slowdown.
Etsy is warning sellers that the collapse of Silicon Valley Bank is causing delays in processing payments, according to an email from the company shared with NBC News.