Etsy sellers call for strike after money held

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Etsy sellers call for strike after money held
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  • 📰 BBCShropshire
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  • 2 min. at publisher
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  • News: 20%
  • Publisher: 53%

Shropshire businessman Stephen James is among those backing a strike from the sales platform Etsy, in a row over withheld receipts. Read his story:

Julia Aufenast sells semi-precious stones on Etsy and said 75% of her takings are on holdOnline marketplace Etsy is facing growing calls for sellers to boycott the site for withholding their money.

It added that it took seller feedback seriously and that payment reserves were used to "keep the marketplace safe" and cover any potential refunds. A strike or boycott of Etsy would mean a seller would put their store on holiday mode, effectively stopping people from buying from them. He said he was unable to buy any more material after a reserve led to £3,000 of his takings being withheld.

Its biggest shareholders are major financial institutions such as Vanguard Group, BlackRock and JP Morgan. "I have over 30,000 sales and really good feedback. Not only did they put my shop in reserve but they forced it into vacation mode," she said."But I did think about people who don't have that, and how on earth they manage to pay their bills let alone buy new supplies," she said.

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BBCShropshire /  🏆 86. in UK

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