Etsy Raises Fees on Sellers Using Its Platform

Online craft marketplace Etsy Inc. said it is increasing the fees it charges its more than 2 million active sellers, sending shares in the company sharply higher and drawing criticism from entrepreneurs who use the platform.

Starting July 16, the transaction fee charged by Etsy when a seller makes a sale will increase from 3.5% to 5%, the company said Thursday. It also will begin charging sellers a 5% fee to cover shipping costs. Other fees, including the 20-cent-per-item cost that entrepreneurs pay to list items for sale,…

https://www.wsj.com/articles/online-craft-marketplace-etsy-raises-fees-on-sellers-using-its-platform-1528994220?mod=pls_whats_news_us_business_f

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