Etsy is well known and a major player in the handmade and vintage arena with a marketplace that offers curated collections and suggestions.
Etsy fees to rise to 5% and apply to shipping
Etsy have announced the next phase of their expansion plans to better support their 2 million sellers. This will include fee changes but also new tools and more investment to attract more buyers to the site.
Etsy have published a video alongside the announcement:
Etsy transaction fees increasing to 5%
Etsy are planning to invest even more in making their marketplace the best place to run your creative business. To help make this happen, they are increasing transaction fees from 3.5% to 5%, and it will now also apply to the cost of shipping. This change goes into effect on 16th July 2018.
New tools from Etsy
Etsy are introducing optional monthly packages that give you access to a suite of new tools designed for shops at different stages of growth. You can still access all the tools you currently use without paying for a monthly subscription and you can switch at any time but there are two new packages to choose from.
Everything you need to start, manage and grow a creative business
Tools available to use today
No additional monthly charge
An expanded set of tools to help jump-start growth and express your brand
Coming in July
Initially £7.50 a month
Increases to £15.00 a month in January 2019
Full set of advanced tools that lets you run your business like a boss
Launching in 2019
Pricing to be announced in 2019
Where will your money go?
34 million shoppers have made a purchase on Etsy in the past 12 months but they now want to invest heavily for the future to attract even more customers to the site. Last year Etsy spent $78 million in marketing to bring buyers to Etsy, the most they have ever spent compared to previous year. They now plan to increase that investment by at least 40% to more than $110 million in 2018.
They will also be building new tools to help you run your business
You can read more about the Etsy June Update on their website.
Applying the fees to shipping makes no sense to me. That doesn’t seem to be supportive of their 2 million sellers, including me. It will likely mean a rise in my prices and less sales. I understand why this is needed for other aspects of selling, but not shipping…
I remember how popular it was when Ebay started to charge fees on carriage. No doubt this will be as well received by Etsy sellers!
Etsy sellers are to busy hugging trees to worry
“.. too busy …” – if you’re going to be an obnoxious so-and-so, as you always seem to be, at least try and be grammatically correct.
Another smart arse that uses gramatic errors to feel superior
@Northumbrian, I think it was you that was trying to be a “smart arse” with your stupid comment.
Maybe, as well as the smart arse comments, you could try contributing some thought on the actual article.
Personally I think it is wrong for a market place to take a fee for the cost of posting the item, as this clearly puts the cost up to the buyer.
From a sellers point of view we do quite well from people ordering 2+ items that we have already included the cost of postage in the price of each.
It would be better if market places banned free shipping and made it so that the buyer paid one fee for postage should they buy multiple items, although postage costs would need to be determined a set level.
we admit it was a poor attempt at wit or humour with no malice intended
a comment on the culture of etsy, on reflection not in the best of taste,
we made no attempt to insult or personally insult any individual or accuse anyone of being obnoxious,
though if your best criticism is the old pathetic chestnut of a spelling mistake
or grammatical error
smart arse is a cap you wear well
It’s 5% on shipping plus Adyen’s money transfer fee. So just increase selling prices by 7.5%. Not happy but that’s just the way it goes.
Superb platform, no complaints from me. Well ahead of Ebay in so many respects, and still far far cheaper.