Etsy Is Boosting Seller Transaction Fees By 30%
Tech.Co
FEBRUARY 25, 2022
Ecommerce company Etsy is hiking its transaction fees for sellers for the first time since 2018. Starting on April 11th, fees will rise from 5% to 6.5% for each sale. The decision comes after a record fourth quarter in which Etsy gained $717.1 million in revenue and added 10 million active buyers for a total of 90 million. But small businesses may need to find a way to raise their conversion rates in order to make up for the new fee they'll be paying.
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