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'I can't afford food': Etsy sellers' income wiped out as it holds thousands in sales reserves (news.sky.com)

submitted 1 year ago by Hogger85b@kbin.social to c/tech@kbin.social

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Some sellers say they were going from strength to strength, but now they have been left unable to pay their bills, with their only source of income coming from Etsy sales.

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[–] Arotrios@kbin.social 17 points 1 year ago

75% reserve is an absurd ratio. If it's being held for more than a month, that's effectively an interest free loan to Etsy. No manufacturer of any size I know of would ever accept those terms without a contract that binds the supplier to purchase a set amount on a regular basis - you simply can't make money that way otherwise.

Regardless of the advantage of adding tracking to a package, the way Etsy is implementing their policy is clearly abusive to the sellers. 3% (like Amazon) would be reasonable. 75% is highway robbery.