Etsy plans to publicly launch its wholesale program in August, and today revealed how much it’ll be charging users for each order.
The scheme launched in beta almost a year ago and is designed to connect Etsy’s army of sellers with prominent retailers. While many independent manufacturers find success selling their hand-crafted creations on Etsy, the company’s wholesale initiative offers greater reach through physical stores.
So. Much. Tech.
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“For many sellers who have built sustaining, full-time businesses on Etsy, Etsy Wholesale is a way to support their continued growth,” Camilla Velasquez, Etsy’s director of payments and multichannel sales said.
When the platform sheds its beta tag later this summer, Etsy will charge new users a one-time payment of $100 and a 3.5 percent transaction fee for wholesale purchase orders. While the introductory charge is unique, the 3.5 percent commission is identical to the cut it currently takes on Etsy.
Image Credit: Etsy