• Esty raises fees and revenue outlook, shares soar

    9 monthes ago - By Chron

    BROOKLYN, N.Y. - Etsy's stock is soaring at the opening bell after the online crafts company announced an increase in fees and boosted its revenue outlook for the year.
    The Brooklyn company said Thursday that the transaction fee charged when a person or business makes a sale will rise from 3.5 percent, to 5 percent. It will also apply to the shipping cost. The fee will be increased starting on July 16.
    Etsy Inc. has 2 million active sellers and nearly 35 million active buyers.
    The company now sees 2018 revenue growth of between 32 percent and 34 percent. Its prior forecast was for 22...
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  • Online marketplace Etsy soars after increasing the fees it takes from each sale

    9 monthes ago - By CNBC

    Etsy said Thursday it was raising the base take rate, or percentage of each sale, effective July 16 and raised full-year guidance to reflect the higher revenue.
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